This paper discusses the design, implementation and use of standards from the perspective of transaction costs economics. A proper design and implementation of standards may lead to a considerable reduction of transaction costs, which enhances trade and, consequently, economic welfare. A major example is the use of containers, which has drastically changed the worldwide transport infrastructure...

This paper develops an efficiency wage model to highlight public policy for relieving unemployment in general equilibrium. This equilibrium entails unemployment because of either friction in the labor market or efficiency wages. For the purposes of relief, we present unemployment benefits and public employment programs, and we estimate labor demand and supply. Wage subsidies are also considered...

When evaluating the various aspects of the welfare state, people assess some aspects more positively than others. Following a multidimensional approach, this study systematically argues for a framework composed of seven dimensions of the welfare state, which are subject to the opinions of the public. Using confirmatory factor analyses, this conceptual framework of multidimensional welfare attit...

i n the past decades, the effect of different tax amendments on various economic issues has been studied. the majority of these studies have avoided considering shadow economy as part of the calculation and analysis, and an issue, which has received little attention, is the relationship between green tax reforms and shadow economy, as for informal labor, which is well-connected to unemployment ...

In this paper, we consider a relationship between equity and efficiency in queueing problems. We show that under strategy-proofness, anonymity in welfare implies queue-efficiency. Furthermore, we also give a characterization of the equally distributed pairwise pivotal rule, as the only rule that satisfies strategy-proofness, anonymity in welfare and budget-balance. keywords: Queueing Problems, ...

The close confinement of sows in barren environmental conditions gives rise to major public concern for their welfare. Such concern has resulted in EU legislation to ban individual confinement systems for the majority of gestation, and strong pressures to find alternatives to the farrowing crate for lactating sows. Many alternative loose housing systems for dry sows exist, and have been in wide...

I explore the advantages of tradable emission permits over uniform emission standards when the regulator has incomplete information on firms’ emissions and costs of production and abatement (e.g., air pollution in large cities). Because the regulator only observes each firm’s abatement technology but neither its emissions nor its output, there are cases in which standards can lead to lower emis...

There is an increasing focus on having quality systems in place during the planning stages of clinical trials. Such systems require the development and implementation of standards for each step. Although this is not imposing something totally new on clinical research, a systematic approach will produce a more reliable and useful end product--high-quality data obtained without compromising the p...

This paper is an attempt to translate empirically some of the categorizations of human development reviewed by Alkire (2002). It compares the estimates of human development obtained on the basis of Sen’s (1985) capability approach, Narayan et al.’s (2000) dimensions of well-being, Cummins (1996) domains of life satisfaction and Allardt’s (1993) comparative Scandinavian welfare study. To obtain ...