an intense period of low profits, or rather, even losses. In this context, actions by the Government that increase costs …-trailer, multi-axle vehicles would reduce not only transport costs, but also road damage caused by the higher axle-loadings of 2- and …

efficient specialization, introduce competition, and lower costs for production, distribution, services, and research and … nontariff barriers to trade, creating delays, raising costs, worsening congestion and pollution. Such barriers prolong and …

"The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model … that predicts that in a regime with high costs, the law fails to achieve the efficient outcome of liquidating unviable … lowering reorganization costs, the reform improved the selection of viable firms into reorganization. In this sense, the new …