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Fueling growth when oil peaks : directed technological change and the limits to efficiency
Jarque Andrés, Francisco; Smulders, Sjak - 2012
While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous growth model that reconciles the current aggregate...
Persistent link: https://www.econbiz.de/10009659333
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Mergers, investment decisions and internal organisation
Banal-Estañol, Albert; Macho-Stadler, Inés; … - 2003
We analyse the effects of investment decisions and firms internal organisation on the efficiency and stability of …. We show that often stable mergers do not lead to more e.ciency and may even lead to efficiency losses. These mergers lead … to lower total welfare, suggesting that a regulator should be careful in assuming that possible efficiency gains of a …
Persistent link: https://www.econbiz.de/10011507904
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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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Investment policy for time-inconsistent discounters
Harstad, Bård - 2013
This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...
Persistent link: https://www.econbiz.de/10010223357
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The changing patterns of investment in the PRC economy
Holz, Carsten A. - 2017
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns since 2003 and the potential impact of industrial...
Persistent link: https://www.econbiz.de/10011657882
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Agreeing on efficient emissions reduction
Bos, Olivier; Roussillon, Béatrice; Schweinzer, Paul - 2013
infracting upon productive efficiency. The mechanism employs a contest creating incentives among participating nations to …
Persistent link: https://www.econbiz.de/10009772819
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Does competition justify inequality?
Bartling, Björn; Grieder, Manuel; Zehnder, Christian - 2015
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...
Persistent link: https://www.econbiz.de/10011405188
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A look upstream : electricity market restructuring, risk, procurement contracts and efficiency
Di Maria, Corrado; Lange, Ian; Lazarova, Emiliya A. - 2014 - This version: November 25, 2014
investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling …
Persistent link: https://www.econbiz.de/10010464693
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Drivers of Covid-19 vaccinations : vaccine administration and delivery efficiency in the United States
Goel, Rajeev K.; Nelson, Michael A. - 2021
drivers of the administration and delivery efficiency of coronavirus vaccines. For this purpose, we use data from the 50 US … economic prosperity and rural population aid vaccine administration and delivery efficiency. Delivery efficiency improves in … health workers, including physicians and nurses, did not significantly impact administration or efficiency. On the other hand …
Persistent link: https://www.econbiz.de/10012494792
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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