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The availability of thematic maps has significantly increased over the last few years. Validation of these maps is a key factor in assessing their suitability for different applications. The evaluatio...
Analysing economic efficiency of farm production always faces a problem of insufficient information. This is particularly true when the analysis is performed on the reference farm where estimates are ...
Assessment of efficiency of businesses has been considered an object of interest by economists since the 1950’s. A number of methods have been developed, including the so-called parametric approaches,...
Theoretical models of strategic investment often assume that information is asymmetric, creating incentives forincumbent firms to signal information to deter entry or encourage exit. However, the simp...
In a general auction model with affiliated signals, common components to valuations and endogenous entry, we compute the equilibrium bidding strategies and outcomes, and derive a lower bound on the op...
With risk neutral traders and zero transactions costs, the expected value of the di erence between the current forward price and the spot price of a commodity at the delivery date of the forward con...
A mechanism can be simplified by restricting its message space. If the restricted message spaces satisfy a certain “outcome closure property,” then the simplification is “tight”: for every ε  0, any ...
A model of unbalanced sectorial growth with application to transition economies.
We present a methodology for estimating the distributional e ects of an endogenous treatment that varies at the group level when there are group-level unobservables, a quantile extension of Hausman a...
We introduce a numerical algorithm for solving dynamic economic models that merges stochastic simulation and projection approaches: we use simulation to approximate the ergodic measure of the solution...
The objective of the study is to analyze the economics of the bio-energy production for Taiwan in terms of the bio-energy production, social welfare and crop yield increase under the conventional bio-...
We test a method for visualizing and measuring enterprise application architectures. The method was designed and previously used to reveal the hidden internal architectural structure of software appli...
Consumer review websites leverage the wisdom of the crowd, with each product being reviewed many times (some with more than 1,000 reviews). Because of this, the way in which information is aggregated ...
The paper provides insights into the price transmission of dairy sector in Slovakia and examined the nature of price adjustments and market efficiency along the vertical chain. The results were based ...

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