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This paper estimates the effect of piracy attacks on shipping costs using a unique data set on shipping contracts in … the dry bulk market. We look at shipping routes whose shortest path exposes them to piracy attacks and find that the … welfare loss imposed by piracy. Our intermediate estimate suggests that the creation of $120 million of revenue for pirates in …
Persistent link: https://www.econbiz.de/10010851334
A feature present in countries with a National Health Service is the coexistence of a public and a private sector. Often, the public payer contracts with private providers while holding idle capacity. This is often seen as inefficiency from the management of public facilities. We present here a...
Persistent link: https://www.econbiz.de/10010547503
providers. The more efficient providers are also the ones with higher profits in the event of negotiation failure. This allows …
Persistent link: https://www.econbiz.de/10010547513