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Next Stop: Restructuring?: A Nonparametric Efficiency Analysis of German Public Transport Companies

Hirschhausen, Christian von; Cullmann, Astrid - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

In this paper, we present a nonparametric comparative efficiency analysis of 179 communal public transport bus companies in Germany (1990-2004). We apply both deterministic data envelopment analysis (DEA) and bootstrapping to test the robustness of our estimates and to test the hypothesis of...

Persistent link: https://www.econbiz.de/10005068743

Potential Gains from Mergers in Local Public Transport: An Efficiency Analysis Applied to Germany

Walter, Matthias; Cullmann, Astrid - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

We analyze potential gains from hypothetical mergers in local public transport using the non-parametric Data Envelopment Analysis with bias corrections by means of bootstrapping. Our sample consists of 41 public transport companies from Germany's most densely populated region, North...

Persistent link: https://www.econbiz.de/10005068886

Konzessionsmodelle für Fernstraßen in Deutschland: eine ökonomische Analyse der Risikoallokation beim F- und A-Modell

Beckers, Thorsten; Hirschhausen, Christian von - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2003

This paper analyzes the risk allocation in concession models for German highways, according to the "F-Model" and the "A-Model". We first assess the deficits of traditional construction and management of highways in Germany and present the two concession models. Next, theoretical backgrounds and...

Persistent link: https://www.econbiz.de/10005068932

Cost Efficiency and Subsidization in German Local Public Bus Transit

Nieswand, Maria; Walter, Matthias - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

Subsidies are considered important means to facilitate the provision of public transit, yet the empirical evidence implies that they can have harming effects on costs and possibly also on operators' performance. This paper examines the impacts of deficit-balancing subsidies on the cost...

Persistent link: https://www.econbiz.de/10008682204

Entrepreneurship, Windfall Gains and Financial Constraints: The Case of Germany

Schäfer, Dorothea; Talavera, Oleksandr - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005

In this paper we investigate the link between entrepreneurship and financial constraints. We develop a dynamic partial equilibrium model of an individual utility maximization that predicts that the person is more likely to start her business when financial constraints are eased. We test this...

Persistent link: https://www.econbiz.de/10005068829

Clustering Properties of Merger Waves: Space, Time or Industry?

Szücs, Florian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

We study the degree of agglomeration of acquisition activity within clusters of temporal, geographic and industrial proximity based on almost 600,000 individual transactions. The findings indicate that significant clustering occurs in time and across industries, while the results on geographic...

Persistent link: https://www.econbiz.de/10011128836

Ramifications of Debt Restructuring on the Euro Area: The Example of Large European Economies' Exposure to Greece

Belke, Ansgar; Dreger, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011

. Under realistic conditions, a debt conversion may be the less costly strategy for Greece and the euro area partner states. A …

Persistent link: https://www.econbiz.de/10009195631

The Impact of Introducing an Interest Barrier: Evidence from the German Corporation Tax Reform 2008

Buslei, Hermann; Simmler, Martin - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

' capital structure, investment and profitability. The identification of the causal effects is based on the escape clauses in …

Persistent link: https://www.econbiz.de/10010552491

Equity Markets, Financial Integration and Competitive Convergence

Chen, Gongyu; Higson, Chris; Holly, Sean; Petrella, Ivan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

the process of competitive convergence in profitability of listed companies in 7 countries of the European Union. We cast … observe convergence in profitability through time. The second question is whether there are national differences in the extent … whether there is evidence that convergence in profitability has become more rapid, by which we mean above average or below …

Persistent link: https://www.econbiz.de/10010783948

Exports, International Investment, and Plant Performance: Evidence from a Non-Parametric Test

Girma, Sourafel; Görg, Holger; Strobl, Eric - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2003

This paper compares the performance of purely domestic plants, domestic exporters and domestic multinationals. For our empirical analysis we utilise a non-parametric approach based on the principle of first order stochastic dominance. We find that the distributions for multinationals dominate...

Persistent link: https://www.econbiz.de/10005068656