Club efficiency and Lindahl equilibrium

public goods;public choice;equilibrium analysis

Aggregation of Productivity Indices: The Allocative Efficiency Correction

Industry productivity is obtained by aggregation of firm productivities and inclusion of the appropriate allocative efficiency terms, one for each firm.This paper identifies the latter correction terms.aggregation;productivity;efficiency;allocation

Debreu's Coefficient of Resource Utilization, the Solow Residual and TPF: The Connection by Leontief Preferences

Debreu s coefficient of resource utilization is freed from individual data requirements.The procedure is shown to be equivalent to the imposition of Leontief preferences.The rate of growth of the modified Debreu coefficient and the Solow residual are shown to add up to TFP growth.This decomposition is the neoclassical counterpart to the frontier analytic decomposition of productivity growth into technical change and efficiency change.The terms can now be broken down by sector as well as by factor input.efficiency;productivity;growth;technological change

Bob Russell Volume: Don't Aggregate Efficiency but Disaggregate Inefficiency

aggregation;efficiency;technology

The location of comparative advantages on the basis of fundamentals only

comparative advantage

Engines of Growth in the U.S. Economy

There is good reason to believe that R&D influences on TFP growth in other sectors are indirect.For R&D to spill over, it must first be successful in the home sector.Indeed, observed spillovers conform better to TFP growth than to R&D in the upstream sectors.Sectoral TFP growth rates are thus interrelated.Solving the intersectoral TFP equation resolves overall TFP growth into sources of growth.The solution essentially eliminates the spillovers and amounts to a novel decomposition of TFP growth.The top 10 sectors are designated engines of growt led by computers and office machinery.The results are contrasted to the standard, Domar decomposition of TFP growth.Spillovers;input-output;sources of growth

Outsourcing of services and the productivity recovery in U.S. manufacturing in the 1980s

service industry;economic growth;manufacturing;productivity;outsourcing

Club Efficiency and Lindahl Equilibrium with Semi-Public Goods

Limit core allocations are the ones that remain in the core of a replicated economy. An equivalent notion for economies with public goods is Schweizer's club efficiency. We extend this notion to economies with goods that have a semi-public nature. The notion encompasses purely private as well as purely public club goods as polar cases. We show that given certain conditions the equivalence of club efficient allocations and Lindahl equilibria holds for a wide range of economies with semi-public club goods. We also show that extension to a more general class of economies seems implausible.clubs;club efficiency;Lindahl equilibrium;limit cores