Showing 1 - 10 of 7,165
We analyze government interventions to recapitalize a banking sector that restricts lending to firms because of debt overhang. We find that the efficient recapitalization program injects capital against preferred stock plus warrants and conditions implementation on sufficient bank participation....
Persistent link: https://www.econbiz.de/10012463719
This study documents a strong inverse relationship between accident rates and production in a sample of eleven firms in the same narrowly defined industry classification. Given the detailed set of input controls and controls for plant-specific and time-specific factors used in the analysis, the...
Persistent link: https://www.econbiz.de/10012477724
This paper studies the market provision of a specific type of public good: radio and television broadcasts. Its main focus is to explore the ability of the market to provide broadcasting efficiently in a world in which broadcasters earn revenues by selling time to advertisers and advertisements...
Persistent link: https://www.econbiz.de/10012471263
This paper describes an efficiency approach to the evaluation of policy changes. Rather than comparing the utility …
Persistent link: https://www.econbiz.de/10012471468
This paper explores the trade-off between incentive effects and administrative costs associated with the implementation of various environmental tax instruments, with special reference to carbon taxes. In a simple model, we show under what conditions it is optimal to use input rather than...
Persistent link: https://www.econbiz.de/10012471486
instruments. In a simple model with identical consumers, we show conditions under which the same efficiency can be attained by the … efficiency can again be obtained, but only if each person's gasoline tax rate can be made to depend on the characteristics of the …
Persistent link: https://www.econbiz.de/10012471742
literature has been prominent in legislative debates about taxation as a tool to discourage smoking, and has contributed theory … research and several equity and efficiency concerns accompanying cigarette taxation debates. It includes economic analysis of …
Persistent link: https://www.econbiz.de/10012471754
In this paper we disentangle the sources of public sector inefficiency using 1982-1995 panel data on manufacturing firms in Indonesia. We consider two leading hypotheses: (1) public sector enterprises are inefficient due to monitoring problems and (2) public sector enterprises are inefficient...
Persistent link: https://www.econbiz.de/10012471757
This paper surveys recent developments in the theory of pareto efficient taxation. This literature attempts to …
Persistent link: https://www.econbiz.de/10012476881
production, as theory has hypothesized. The number of members in a group decreases both the quantity produced and the efficiency … arrangements on productive efficiency in medical group practices. The technique employed is two-stage production frontier … estimation. This technique provides direct estimates of productive efficiency and allows for differences across agents in ability …
Persistent link: https://www.econbiz.de/10012476899