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An Exploration of Asset Returns in a Production Economy with Relative Habits

Budria, Santiago - EconWPA - 2005

This paper explores asset returns in a production economy with habit forming households. I show that a model with capital adjustment costs and relative habits is consistent with salient financial facts, such as the equity premium, the market price of risk, and the riskfree interest rate. These...

Persistent link: https://www.econbiz.de/10005134824

Banking sector output and labour productivity in six European countries

Mörttinen, Leena - EconWPA - 2004

discussion on possible causes of productivity change in banking. We demonstrate how the banking sector’s service production can … productivity Tornqvist indices for six countries (Finland, Sweden, United Kingdom, Germany, France and Italy) over a period varying … from 11 to 20 years. According to the results, Finnish banking sector productivity has improved via a substantial reduction …

Persistent link: https://www.econbiz.de/10005134839

International benchmarking of container stevedoring

Commission, Productivity - EconWPA - 2003

Productivity at Australian container terminals has improved significantly in absolute terms since 1997 according to … this international benchmarking study. For the sample of ship calls and terminals studied, productivity improved also in … relative terms. The productivity improvement at Australian terminals was generally greater than at overseas terminals between …

Persistent link: https://www.econbiz.de/10005556535

Marchés, organisations de la production et rentabilité des entreprises industrielles françaises (The markets, organisations and profitability of french manufacturing firms)

Paranque, Bernard; Rivaud-Danset, Dorothée; Salais, Robert - EconWPA - 1996

Our research has endeavoured to exploit recent analyses of products and market diversity in terms of the plurality of worlds of production. We show that there are severals ways to be profitable and there is no hierarchie between them. This study is conducted using a sample data of 1354 French...

Persistent link: https://www.econbiz.de/10005561679