Showing 1 - 10 of 300
outside option to public and other schools, this paper considers the effect of catholic competition on non-catholic school … performance in pre-university education. Employing data from central exit exams, a positive link between competition intensity and … academic achievement is found. In addition to raising achievement, higher levels of competition are not associated with a …
Persistent link: https://www.econbiz.de/10010265979
highlight that cross-ownership can be preferable to a horizontal merger under Cournot competition. Not only is it more …
Persistent link: https://www.econbiz.de/10012824811
How can tax policy improve financial stability? Recent studies suggest large stability gains from eliminating the debt bias in corporate taxation. It is well known that this reform reduces bank leverage. This paper analyzes a novel, complementary channel: risk taking. We model banks’ portfolio...
Persistent link: https://www.econbiz.de/10013250732
might be infrastructure investment. This paper provides a dual profit theoretical framework of measuring the effects of …
Persistent link: https://www.econbiz.de/10013316826
anomalies give rise to profit opportunities by applying a trading simulation approach. The results suggest the presence of the …
Persistent link: https://www.econbiz.de/10013323081
. Differences are also found in the results by asset class. The implications of these findings for private equity management, profit …
Persistent link: https://www.econbiz.de/10014080230
We characterize a measure of social welfare for linear production economies in which individuals differ in productive skills and preferences. The key feature of our measure is that it aggregates fairness gaps, defined as the difference between the money-metric utility that the individual...
Persistent link: https://www.econbiz.de/10014262033
The European higher education landscape has become increasingly integrated causing competition among universities that … efficiency of 450 European universities between 2011 and 2014. The novelty of our approach lies in its extended coverage of …. Exploring potential efficiency drivers, we uncover considerable effect heterogeneity between subject clusters, which is …
Persistent link: https://www.econbiz.de/10012842974
This study calculates efficient taxes on gasoline and road use designed to combat driving related externalities when motorists avoid taxes due to an excessive economic driving-style. The efficient tax on gasoline is reduced below the Pigouvian rate due to such avoidance. The current US tax rate...
Persistent link: https://www.econbiz.de/10012844204
This paper develops a simple economic model to examine how leadership styles in organizations depend on the prevailing wage-setting conditions for workers. In particular, we examine a leader who can - in addition to the use of monetary incentives - motivate a worker by adopting leadership styles...
Persistent link: https://www.econbiz.de/10012861392