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Deregulation, Entry of Foreign Banks and Bank Efficiency in Australia

Sturm, Jan-Egbert; Williams, Barry - CESifo - 2002

banks have used size as a barrier to entry to the new entrants in the post-deregulation period. Furthermore, bank efficiency …This study considers the efficiency of banking in Australia during the post-deregulation period 1988-2001. Since 1986 … restrictions upon foreign bank entry and foreign ownership have been affectively abolished. Using Data Envelopment Analysis (DEA …

Persistent link: https://www.econbiz.de/10005766073

How Efficient is the East German Economy? An Exploration With Micro Data

Funke, Michael; Rahn, Jörg - CESifo - 2000

The purpose of this paper is to evaluate the efficiency of the East German economy at the firm level using an … efficiency in eastern and western Germany. The results indicate that firms in eastern Germany are significantly less efficient …-level efficiency. …

Persistent link: https://www.econbiz.de/10005181620

Identification of Segments of European Banks with a Latent Class Frontier Model

Barros, Carlos Pestana; Caporale, Guglielmo Maria; … - CESifo - 2007

This paper analyses technical efficiency of European banks over the period 1996-2003 with unbalanced panel data …

Persistent link: https://www.econbiz.de/10005405964

Silent Interests and All-Pay Auctions

Konrad, Kai A. - CESifo - 2005

involved in the ownership relationship but without these negative efficiency effects. …

Persistent link: https://www.econbiz.de/10005196292

Ownership Concentration and Share Valuation: Evidence from Germany

Edwards, Jeremy; Weichenrieder, Alfons - CESifo - 1999

Concentrated ownership of large listed companies is widespread throughout the world, and Germany is typical in this respect. This paper proposes a method of distinguishing empirically between the beneficial and harmful effects of ownership concentration, and applies it to German data. The...

Persistent link: https://www.econbiz.de/10005406388

Debt Financing and Sharp Currency Depreciations: Wholly vs. Partially Owned Multinational Affiliates

Hebous, Shafik; Weichenrieder, Alfons - CESifo - 2009

This paper provides empirical evidence on two potential costs of shared ownership of German affiliates abroad. First, in periods of currency crises, wholly-owned affiliates, in contrast to partially-owned affiliates, seem to circumvent financial constraints by accessing capital from their parent...

Persistent link: https://www.econbiz.de/10008572531

Policy Persistence and Rent Extraction

Friedrich, Silke - CESifo - 2013

The existing literature has shown that special interest groups can have both growth enhancing and retarding effects on an economy. In either case it is always assumed that the nature of the special interest groups remains constant over time. The hypothesis of this paper is that a dynamic...

Persistent link: https://www.econbiz.de/10010877655

Centralized Fiscal Spending by Supranational Unions

Simon, Jenny; Valasek, Justin Mattias - CESifo - 2013

decreasing efficiency, which becomes more severe as the centralized budget increases. We also analyze partial ex-ante commitment … through alternative decision-making institutions: Both majority rule and exogenous tax rules can improve efficiency. …

Persistent link: https://www.econbiz.de/10010877969

Battle for Climate and Scarcity Rents: Beyond the Linear-Quadratic Case

Kagan, Mark; Ploeg, Frederick Van der; Withagen, Cees A. - CESifo - 2014

The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...

Persistent link: https://www.econbiz.de/10011264740

Simultaneous Search and Network Efficiency

Gautier, Pieter A.; Holzner, Christian - CESifo - 2011

When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects network clearing). We show that those frictions and the...

Persistent link: https://www.econbiz.de/10009221551