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benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly, merger activity arose. This paper develops …See also the article 'Mean and bold: on separating merger economies from structural efficiency gains in the drinking … a tailored nonparametric model to dissect and distinguish the effects on efficiency of these two evolutions. In …
Persistent link: https://www.econbiz.de/10011255577
context of competition in the banking sector. In spite of significant gains in efficiency made in recent years, operational … costs and provisioning for loan losses remain high compared to some other economies. Profitability of the aggregate banking …
Persistent link: https://www.econbiz.de/10012560002
large capacity, can lead to a higher matching efficiency, but with a lower total welfare, compared to having many middlemen …
Persistent link: https://www.econbiz.de/10011255953
In its landmark ruling in Illinois Brick Co. v. Illinois in 1977, the U.S. Supreme Court restricted standing to sue for recovery of antitrust damages to direct purchasers. However, antitrust damages are typically (in part) passed on to intermediaries lower in the chain of production and...
Persistent link: https://www.econbiz.de/10011256129
This paper presents a model of second-degree price discrimination and inter-group effects to describe the full-service pricing behaviour in the passenger aviation market. Consumer heterogeneity is assumed on both a horizontal and a vertical dimension, while various distinct market structures,...
Persistent link: https://www.econbiz.de/10011256851
This paper analyzes the relative economic power position of home carriers in hub-and-spoke systems. Hub-and-spoke systems may lower costs on densely traveled routes and enable economically viable operations on less densely traveled routes. The reverse side is probably that carriers enjoy...
Persistent link: https://www.econbiz.de/10011257495
withhold goods from weaker agents. Here, gift giving by stronger agents is needed to achieve Pareto efficiency. We argue that …
Persistent link: https://www.econbiz.de/10011255490
This paper has a twofold objective. First, we develop a new method to assess the monetary valuefor individuals of external effects. The method makes use of an ordinal index of life satisfaction asscored by individual respondents who are subjected in varying intensity to the external effect....
Persistent link: https://www.econbiz.de/10011255631
This discussion paper resulted in a publication in <I>Transportation Research Part B: Methodological</I> (2011). Vol. 45(10), pages 1545-1559.<P> This paper analyses the cost of access travel time variability for air travelers. Reliable access to airports is important since it is likely that the cost of...</p></i>
Persistent link: https://www.econbiz.de/10011255670
In Europe, company cars are offered by employers as fringe benefits to their employees at a lower price than employees pay in the car market, mainly due to favourable taxation of company cars. We analyse the welfare effects of favourable taxation of company cars for the Netherlands. The...
Persistent link: https://www.econbiz.de/10011255708