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Divide and Privatize : Firm Break-Up and Performance

Kočenda, Evžen - 2011

We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996–2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...

Persistent link: https://www.econbiz.de/10013124394

Divide and Privatize: Firm Break-up and Performance

Kocenda, Evžen; Hanousek, Jan - CESifo - 2011

Persistent link: https://www.econbiz.de/10009024846

International Trade, Factor Mobility and the Persistence of Cultural-Institutional Diversity

Belloc, Marianna; Bowles, Samuel - CESifo - 2009

Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...

Persistent link: https://www.econbiz.de/10005013942

The Theory of the Firm Goes Global

Marin, Dalia - 2013

What insights can be gained from bringing the theory of the firm to the global economy? I discuss several new features of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade. Among the new features I discuss are the move to...

Persistent link: https://www.econbiz.de/10013071383

Level r Consensus and Stable Social Choice

Mahajne, Muhammad; Nitzan, Shmuel; Volij, Oscar - CESifo - 2014

We propose the concept of level r consensus as a useful property of a preference profile which considerably enhances … the stability of social choice. This concept involves a weakening of unanimity, the most extreme form of consensus. It is … shown that if a preference profile exhibits level r consensus around a given preference relation, the associated majority …

Persistent link: https://www.econbiz.de/10010877963

Cost- and Price Dynamics of Solar PV Modules

Reichelstein, Stefan J. - 2016

This paper develops a model framework and a corresponding empirical inference procedure for estimating long-run marginal cost in industries where production costs decline over time. In the context of the solar photovoltaic module industry, we rely on firm-level financial accounting data to...

Persistent link: https://www.econbiz.de/10012999795

Competition and Innovation in Automobile Markets

Ghosal, Vivek - 2015

Using data from the U.S. automobile market, we empirically examine the link between competition and innovation. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the U.S. market's economic importance, market dynamics, and the significant...

Persistent link: https://www.econbiz.de/10013014353

Petroleum Taxation and Investment Behaviour

Osmundsen, Petter - 2014

Petroleum administration can be regarded as a principal-agent problem. The government allocates exploration and production rights to petroleum companies on behalf of the population. The government is the principal and the companies are agents. With the aim of capturing revenue for the state, the...

Persistent link: https://www.econbiz.de/10013044550

Estimating Fluctuations in Oil and Gas Investment

Dahl, Roy Endre - 2014

Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...

Persistent link: https://www.econbiz.de/10013045336

Market Contestability and Bribe Solicitations : Evidence Across Stages of Firms' Operations

Goel, Rajeev K. - 2018

Adding to the literature on factors driving corruption and bribery, this paper examines the effect of contestability in business operations on bribe solicitations. Contestability undermines bureaucratic rent-seeking potential and this paper tries to capture this empirically using cross-country...

Persistent link: https://www.econbiz.de/10012917007

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