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Contractibility and Asset Ownership : On-Board Computers and Governance in U.S. Trucking

Baker, George P. - 2000

We investigate how the contractibility of actions affecting the value of an asset affects asset ownership. We examine this by testing how on-board computer (OBC) adoption affects truck ownership. We develop and test the proposition that adoption should lead to less ownership by drivers,...

Persistent link: https://www.econbiz.de/10012471133

Intra-national Trade Costs : Measurement and Aggregation

Agnosteva, Delina E. - 2014

We develop and apply a procedure to flexibly estimate intra-national border barriers and intra-regional trade costs … is rather small. Bilateral distance imposes much larger inter-provincial trade costs. Contiguity between provinces … accounts for little. Intra-regional trade cost variation affects relative bilateral costs and trade flows, and alters …

Persistent link: https://www.econbiz.de/10012458791

What Do You Think About Climate Finance?

Stroebel, Johannes; Wurgler, Jeffrey - National Bureau of Economic Research - 2021

We survey 861 finance academics, professionals, and public sector regulators and policy economists about climate finance topics. They identify regulatory risk as the top climate risk to businesses and investors over the next five years, but they view physical risks as the top risk over the next...

Persistent link: https://www.econbiz.de/10012616584

U.S. War Costs : Two Parts Temporary, One Part Permanent

Edwards, Ryan D. - 2010

, are the most overt costs of war. They are also relatively short-lived. The costs of war borne by combatants and their … that a significant component of the public costs associated with U.S. wars are long-lived. One third to one half of the … total present value of historical war costs have been absorbed by benefits distributed over the remaining life spans of …

Persistent link: https://www.econbiz.de/10012462548

When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation

Cicala, Steve - 2014

This paper evaluates changes in fuel procurement practices by coal- and gas-fired power plants in the United States following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated plants substantially reduce the price paid for coal (but...

Persistent link: https://www.econbiz.de/10012458556

The Cost of Financial Frictions for Life Insurers

Koijen, Ralph S.J. - 2012

During the financial crisis, life insurers sold long-term policies at deep discounts relative to actuarial value. The average markup was as low as -19 percent for annuities and -57 percent for life insurance. This extraordinary pricing behavior was due to financial and product market frictions,...

Persistent link: https://www.econbiz.de/10012460342