Showing 41 - 50 of 1,175
This paper presents new evidence on the costs of purchasing private annuity contracts to spread a given stock of assets … are purchased through a large group retirement saving program, some of the administrative costs are lower than those in …
Persistent link: https://www.econbiz.de/10012471893
's opportunities to expand or contract are limited. Specifically consider costs of investing or disinvesting that vary with time, or …
Persistent link: https://www.econbiz.de/10012472445
frequency of disputes asymmetry of stakes, the structure of information, and costs. Compared to a random sample of" U.S. patents …
Persistent link: https://www.econbiz.de/10012472516
In this article, we estimate the costs of hiring, separation, and retirement of employees for a representative sample … costs are generally asymmetric (hiring is cheaper than terminations), increasing, and concave functions of the number of … entries or exits (either retirements or terminations). There is a fixed component to each of these costs that is related to …
Persistent link: https://www.econbiz.de/10012472704
This paper estimates a model of airline competition that captures the two major features of the industry: product differentiation and economies of density. The results not only provide support to some of the traditional common wisdom in the industry, but are also useful for understanding major...
Persistent link: https://www.econbiz.de/10012473287
I study irreversible investment decisions when projects take time to complete, and are subject to two types of uncertainty over the cost of completion. The first is technical uncertainty, i.e., uncertainty over the amount of time, effort, and materials that will ultimately be required to...
Persistent link: https://www.econbiz.de/10012474793
Workers covered by defined benefit pension plans receive lower benefits at retirement if they leave their current job before reaching retirement age. This study estimates the magnitude of this pension loss for workers in the May 1983 supplement of the Current Population Survey, using pension...
Persistent link: https://www.econbiz.de/10012476118
This paper derives the dependency of optimal tariff and inflation tax on tax collection and enforcement costs. The … analysis is done for a small, open economy. The existence of such costs can justify tariff and inflation tax policies as … the costs of tax collection …
Persistent link: https://www.econbiz.de/10012477367
costs and quantities. Unfortunately, neither in ordinary language nor in the jargon of moral philosophy can such ultimate … desiderata as liberty and justice be related to costs or quantities. Hence in the first section we sketch a model of social …
Persistent link: https://www.econbiz.de/10012479113
We examine the effect of the introduction of ridehailing in U.S. cities on fatal traffic accidents. The arrival of ridehailing is associated with an increase of approximately 3% in the number of fatalities and fatal accidents, for both vehicle occupants and pedestrians. The effects persist when...
Persistent link: https://www.econbiz.de/10012479307