Given that the Common Agricultural Policy (CAP) of the European Union has imposed milk marketing quota on producers, the fact that they are tradeable in the UK increases economic efficiency. Nevertheless, significant inefficiencies remain. Modelling work reported here suggests that significantly more quota needed to be transferred from less to more efficient producers in 1996/97 for industry ef...

A salient feature of developing economies is the coexistence of a modern commercial sector alongside a traditional subsistence sector-the dual economy. The apparent differences in productivity between sectors imply substantial losses in aggregate productivity. Existing theories of the dual economy rely on exogenous price distortions, and cannot explain why or if these distortions evolve over th...

Purpose The purpose of this study is to analyze market inefficiencies in the for cryptocurrencies by providing a comprehensive analysis short-term (over)reactions that follow significant price changes such currencies. Design/methodology/approach This identifies and analyzes overreactions mispricing markets applying broad set thresholds depend on market-specific dynamics volatilities. also retur...

Laboratory experiments employing an induced-values methodology report on allocative efficiencies observed. That methodology requires experimenters know subjects’ motivations, impossible in field experiments. Allocative efficiency implies a hypothetical costless aftermarket would be inactive. An allocation mechanism’s outcome is defined to be behaviorally efficient if an appropriate aftermarket ...

Occupational health services face important changes as a result of changes in work environment, changing health and safety concepts, and legislation. To ensure good quality at a good price, it is important to control the processes in occupational health services. The concept of "prevention pathways" is presented for the management of occupational health services. The model is based on the criti...

For the problem of optimal dynamic pricing and coordination fresh agricultural products supply chain, differential equations related to freshness market needs are constructed, control theory is used solve strategy under centralized decentralized decision-making, i.e., selling price preservation input. The equilibrium results two scenarios also compared. comparison finds that scenario leads low ...

The A* algorithm is the de facto standard used for pathfinding search. IDA* is a space-efficient version of A*, but it suffers from cycles in the search space (the price for using no storage), repeated visits to states (the overhead of iterative deepening), and a simplistic leftto-right traversal of the search tree. In this paper, the Fringe Search algorithm is introduced, a new algorithm inspi...

Routing games are amongst the most well studied domains of game theory. How relevant are these pen-and-paper calculations to understanding the reality of everyday traffic routing? We focus on a semantically rich dataset that captures detailed information about the daily behavior of thousands of Singaporean commuters and examine the following basic questions: – Does the traffic equilibrate? – Is...

This paper uses a risk-shifting model to analyze policy responses asset price booms. We show risk shifting leads inefficient and credit booms in which prices can exceed fundamentals. However, the inefficiencies associated with arise independently of whether is bubble. Given evidence shifting, policymakers may not need determine if assets are bubbles justify intervention. then that some main can...

Price fluctuations at the producer and consumer levels determine performance of maize market in Gorontalo Province. This will affect decisions ability corn marketing agencies involved responding to price changes. The slow response changes prices indicates inefficient conditions terms prices. In addition, differences power between indicate inefficiencies from an operational perspective. Therefor...