LEVIATHAN VS. LILLIPUTIAN: A DATA ENVELOPMENT ANALYSIS OF GOVERNMENT EFFICIENCY

Article Abstract:

In this paper we present a new approach to measuring government efficiency, based on the theory that communities that allocate resources efficiently in the local public sector maximize property values. We use Data Envelopment Analysis (DEA) to identify the counties in Minnesota that are characterized by property-value maximization and hence an efficient public sector. The results indicate that the dominant source of public sector inefficiency is an inappropriate scale of operations. It appears that some county jurisdictions are too large to service the population efficiently. The size and concentration of government power are also responsible in part for observed inefficiencies.

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EXTERNALITIES OF NUCLEAR POWER PLANTS: FURTHER EVIDENCE

Article Abstract:

Several prior studies found no detrimental external effects of nuclear power plants when estimating the distance gradient for housing prices within a hedonic model. Other papers found significant negative effects of nuclear power when studying real asset prices in cross sections of broad market areas. We suggest a resolution and verify that an installation effect occurs after controlling for the tendency of facility builders to seek out cheap land. The study assembles a panel of all commercial market areas, including indicators for nuclear facilities, in the contiguous United States observed 11 times over roughly equal intervals covering the span from 1945 to 1992.

Nuclear energy

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Happiness and life satisfaction in advanced European countries

Article Abstract:

Happiness and life satisfaction in nine rich, industrialized countries with different levels of perceived happiness is analyzed based on the European Value Survey 1999 . With the use of graphical modeling, it is concluded that happiness and life satisfaction are related but are different concepts and that contextual as well as individual variables contribute in explaining their variations.

Evaluation, Happiness, Satisfaction, Satisfaction (Psychology)

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