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Consolidating the Water Industry: An Analysis of the Potential Gains from Horizontal Integration in a Conditional Efficiency Framework
Zschille, Michael - C.E.P.R. Discussion Papers - 2012
The German potable water supply industry is regarded as being highly fragmented, thus inhibiting high potentials for efficiency improvements through consolidation. Focusing on a hypothetical restructuring of the industry, we apply Data Envelopment Analysis (DEA) to analyze the potential...
Persistent link: https://www.econbiz.de/10011083827
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Market Size, Division of Labor, and Firm Productivity
Chaney, Thomas; Ossa, Ralph - C.E.P.R. Discussion Papers - 2012
We generalize Krugman's (1979) 'new trade' model by allowing for an explicit production chain in which a range of tasks is performed sequentially by a number of specialized teams. We demonstrate that an increase in market size induces a deeper division of labor among these teams which leads to...
Persistent link: https://www.econbiz.de/10011083864
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The Structure of Corporate ownership in Privatized Utilities
Trillas, Francesco - C.E.P.R. Discussion Papers - 2002
The purpose of this Paper is to study the determinants of the concentration of ownership in a privatized, regulated firm. The discussion illustrates some aspects of the costs and benefits of different corporate systems. Privatized utilities are large firms with professional management: there is...
Persistent link: https://www.econbiz.de/10005123598
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Incentives and the Management of Enterprises in Economic Transition: Capital Markets Are Not Enough
Mayhew, Ken; Seabright, Paul - C.E.P.R. Discussion Papers - 1992
experience elsewhere in the world suggest that, while important, its effect will be limited in the absence of other internal and …
Persistent link: https://www.econbiz.de/10005124125
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Risk Sharing and Industrial Specialization: Regional and International Evidence
Sørensen, Bent E; Yosha, Oved - C.E.P.R. Discussion Papers - 1999
We provide empirical evidence that risk sharing enhances specialization in production. To the best of our knowledge, this well-established and important theoretical proposition has not been tested before. Our empirical procedure is summarized as follows. First, we construct a measure of...
Persistent link: https://www.econbiz.de/10005504254
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Macroinsurance for Microenterprises: A Randomized Experiment in Post-Revolution Egypt
McKenzie, David - C.E.P.R. Discussion Papers - 2014
macroeconomic and political uncertainty. Demand for macroeconomic shock insurance was high; 36.7 percent of microentrepreneurs in … the treatment group purchased insurance. However, purchasing insurance does not change the likelihood that a business … microenterprises. However, insurance may still be of value to them to help cope with shocks when they do occur, but we are unable to …
Persistent link: https://www.econbiz.de/10011084029
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Genetic Tests and Intertemporal Screening in Competitive Insurance Markets
Emons, Winand - C.E.P.R. Discussion Papers - 2007
We consider successive generations of non-altruistic individuals carrying a good or bad gene. Daughters are more likely to carry their mother's gene than the opposite one. Competitive insurers can perform a genetic test revealing an agent's gene. They may condition their quotes on the agent's or...
Persistent link: https://www.econbiz.de/10005661858
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The Effects of Globalization on Worker Training
Gersbach, Hans; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2005
We examine how globalization affects firms’ incentives to provide general worker training. We consider a three …
Persistent link: https://www.econbiz.de/10005124275
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Does Trade Cause Capital to Flow? Evidence from Historical Rainfalls
Kalemli-Ozcan, Sebnem; Nikolsko-Rzhevskyy, Alex - C.E.P.R. Discussion Papers - 2011
Estimating the effect of trade on capital flows is difficult given the inherent identification problem. We use fluctuations in rainfall to capture the exogenous variation in trade between Germany, France, the U.K., and the Ottoman Empire during 1859-1913. The provisionistic policy of the Ottoman...
Persistent link: https://www.econbiz.de/10009283394
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Gross Capital Flows: Dynamics and Crises
Broner, Fernando A; Didier, Tatiana; Erce, Aitor; … - C.E.P.R. Discussion Papers - 2011
This paper analyzes the joint behavior of international capital flows by foreign and domestic agents--gross capital flows--over the business cycle and during financial crises. We show that gross capital flows are very large and volatile, especially relative to net capital flows. When foreigners...
Persistent link: https://www.econbiz.de/10009321838