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A comprehensive analysis of production efficiency : a tax reform perspective
Jacquet, Laurence; Lehmann, Etienne - 2024
Policies that impact the production sector, such as intermediate goods taxation (e.g. taxing robots) and trade liberalization create winners and losers. When do we need to integrate pre-distribution concerns in the design of these production policies? Should we consider the endogenous changes of...
Persistent link: https://www.econbiz.de/10014543834
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Stock market returns, corporate governance and capital market equilibrium
Parigi, Bruno; Pelizzon, Loriana; Thadden, Ernst-Ludwig von - 2013
This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that corporate governance affects firms’ stock...
Persistent link: https://www.econbiz.de/10010212666
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The macroeconomics of TANSTAAFL
Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - 2011
This paper shows that dynamic inefficiency can occur in dynamic general equilibrium models with fully optimizing, infinitely-lived households even in a situation with underinvestment. We identify necessary conditions for such a possibility and illustrate it in a standard R&D-based growth model....
Persistent link: https://www.econbiz.de/10009380412
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Education and efficient redistribution
Dur, Robert A. J.; Teulings, Coen N. - 2001
Should education be subsidized for the purpose of redistribution? The usual argument against subsidies to education above the primary level is that the rich take up most education, so a subsidy would increase inequality. We show that there is a counteracting effect: an increase in the stock of...
Persistent link: https://www.econbiz.de/10011400867
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Decentralized environmental regulations and plant-level productivity
Ghosal, Vivek; Stephan, Andreas; Weiss, Jan F. - 2018
efficiency change and technical change. The data we use is from Sweden and for their pulp and paper industry, which is heavily …
Persistent link: https://www.econbiz.de/10011906240
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How to measure research efficiency in higher education? : research grants vs. publication output
Gralka, Sabine; Wohlrabe, Klaus; Bornmann, Lutz - 2018
An ongoing debate in the literature on efficiency of higher education institutions concerns the indicator for research …. We show that there is a high correlation of efficiency values between the estimations using these indicators; however …
Persistent link: https://www.econbiz.de/10011853185
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Efficiency of universities and research-focused institutions worldwide : an empirical DEA investigation ased on institutional publication numbers and estimated academic staff numbe...
Bornmann, Lutz; Gralka, Sabine Marlene; Moya Anegón, … - 2020
the efficiency of institutions worldwide, the problem concerning the availability of internationally standardized data …. We calculate efficiency scores for more than 4,800 universities and other research-focused institutions worldwide … America or Europe. The results of the study show that institutions in the Pacific region have the highest average efficiency …
Persistent link: https://www.econbiz.de/10012175828
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Assessing the efficiency of an insurance provider : a measurement error approach
Jametti, Mario; Ungern-Sternberg, Thomas von - 2003
The purpose of this paper is to compare the cost efficiency of private and public property insurance providers in …
Persistent link: https://www.econbiz.de/10011507834
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Deregulation, entry of foreign banks and bank efficiency in Australia
Sturm, Jan-Egbert; Williams, Barry - 2002
This study considers the efficiency of banking in Australia during the post-deregulation period 1988-2001. Since 1986 … their superior scale efficiency. However, this superior efficiency did not necessarily result in superior profits. Our … banks have used size as a barrier to entry to the new entrants in the post-deregulation period. Furthermore, bank efficiency …
Persistent link: https://www.econbiz.de/10011514045
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What determines differences in foreign bank efficiency? : Australian evidence
Sturm, Jan-Egbert (contributor); Williams, Barry (contributor) - 2005
This study applies parametric distance functions to estimate the efficiency of foreign banks in Australia, and … subsequently employs extreme bounds analysis to establish the determinants of foreign bank efficiency that are robust to model … efficiency of the profit-creation process. The market share of the incumbent banks acts as a barrier to entry to efficiency in …
Persistent link: https://www.econbiz.de/10003203376