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A fundamental fact of modern economics is the conflict between efficiency and incentive compatibility, that is, the fact that some Pareto optimal (efficient) allocations are not incentive compatible.
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The normative analysis of planning procedures has focused almost exclusively upon their efficiency and incentive facts.
It is able to possess similar desirable features shared by a continuous one, i.e., efficiency and incentive compatibility.
Find the right balance between efficiency and ease of development.
It is in this area that there is the most potential to look for efficiencies and incentives.
The health service needs meaningful incentives to promote efficiency and meaningful incentives, such as higher reimbursement for less affluent patients, to promote equity.
Dirk Bergemann, chairman of the Yale economics department, explained that economics was concerned with efficiency, prices and incentives, while computer science focused on algorithms and complexity.
Empirical results show positive correlation between stability and incentive compatibility (which is in turn related to efficiency).
Our investigation reveals tensions among several of the evaluative criteria, such as between environmental outcome and efficiency, and between cost-effectiveness and incentives for participation and compliance.
The policy effect is evaluated by the social cost, overall emission, cost efficiency, and the economic incentive to different GENCOs.
Whilst both openness and incentives are positively associated with innovation efficiency, a substitution effect is found between openness and incentives.
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CEO of Professional Science Editing for Scientists @ prosciediting.com