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variables of foreign presence. The study found that the presence of foreign firms per se may not be important for productivity …
Persistent link: https://www.econbiz.de/10005059093
In 1970 the USA spent 7% of its GNP on healthcare, in 200716%. Whereas the OECD average per capita expenditure on … healthcare in 2007 was $2,964, the USA spent $7,290. Yet in that same period, the health of America’s citizens relative to those … up around healthcare in the USA. Because the magnitude of the relative decline in healthcare in the USA is poorly …
Persistent link: https://www.econbiz.de/10008544705
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
periods characterized by sustainable linear trends in the difference between the headline consumer price index (CPI) and the … core CPI in the USA. Then we revealed similar behavior in the differences between the CPI and indices of various consumer … the evolution of motor fuel price (a subcategory of the consumer price index of transportation) relative to the core CPI …
Persistent link: https://www.econbiz.de/10011185388
In April 2009, we introduced a model representing the evolution of motor fuel price (a subcategory of the consumer … price index of transportation) relative to the overall CPI as a linear function of time. Under our framework, all price … deviations from the linear trend are transient and the price must promptly return to the trend. Specifically, the model predicted …
Persistent link: https://www.econbiz.de/10008543797
pharmaceuticals. Consequently, the price gap and other EU-specific factors have created a great environment for parallel trades. The … pharmaceuticals and to reveal the impacts of parallel trades in the European Union and how they may affect markets in the future. The … author has confined this study to the price regulations inside the EU before the enlargement in 2004. …
Persistent link: https://www.econbiz.de/10011108441
The variation in the degree of price regulation in the property-liability insurance market in Canada varies across time … and space, creating an opportunity to test a recurring theory in regulatory economics: that price regulated firms have … higher levels of financial leverage. Using an instrumental variable for the stringency of price-regulation, this paper …
Persistent link: https://www.econbiz.de/10005837467
expected bankruptcy costs, in order to mitigate the severity of binding price ceilings. Although financial leverage can be … paper uses an instrumental variable for price regulation with a maximum-likelihood Heckman estimation method over panel data … for Canadian property-liability insurers to extract the impact that price regulation has on the financial leverage of …
Persistent link: https://www.econbiz.de/10005837519
In January 2011, a price regulation was established in the Austrian gasoline market which prohibits firms from raising … purchase due to expected price savings, but find it inconvenient to do so, a friction is introduced that decreases net consumer …
Persistent link: https://www.econbiz.de/10011110791
We study the interaction between pricing, frequency of service and information provision by public transport firms offering scheduled services, and we do so under various regulatory regimes. The model assumes that users can come to the bus stop or rail station at random or they can plan their...
Persistent link: https://www.econbiz.de/10011111688