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Using a representative survey of German university students, we confirm that proclaimed support for environment protection policies depends on socio-cultural factors and political ideology. Unlike most related studies for other countries, we find that the environmental policy stance of German...
Persistent link: https://www.econbiz.de/10011502551
The paper aims at empirically investigating the relationship between regulation and the capital structure of the regulated firm, A key aspect of the referred relationship pertains a leverage effect according to which debt could be increased as a response to previous physical capital investment...
Persistent link: https://www.econbiz.de/10003854388
The last decade has seen the burgeoning of several hundred local community currency institutions in cities across the world. Although residents of these communities claim that local currency promotes local development, how if at all it does so has hitherto been unexplored. This paper argues that...
Persistent link: https://www.econbiz.de/10011507689
We empirically investigate whether the persistence of politicians in political institutions affects the innovation activity of firms. We use 12,000 firm-level observations from three waves of the Italian Observatory over Small and Medium Enterprises, and introduce a measure of political...
Persistent link: https://www.econbiz.de/10009010055
The German Federal government has allowed some regions (Approved Local Providers) to be solely responsible for the care of long-term unemployed. The remaining regions had to form Joint Local Agencies, where the local social benefit administrations work together with the local public employment...
Persistent link: https://www.econbiz.de/10009130222
In the 1980s, many U.S. cities initiated programs reserving a proportion of government contracts for minority-owned businesses. The staggered introduction of these set-aside programs is used to estimate their impacts on the self-employment and employment rates of African-American men. Black...
Persistent link: https://www.econbiz.de/10009727119
Municipal break-ups are an understudied phenomenon despite the fact that such territorial reforms regularly take place across the globe. This paper estimates how seven voluntary splits of Swedish municipalities affected municipal current costs. To predict what would have happened had the...
Persistent link: https://www.econbiz.de/10012509342
A Bayesian supply function equilibrium is characterized in a market where firms have private information about their … uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition …, competitiveness is affected by the parameters of the information structure: supply functions are steeper with more noise in the …
Persistent link: https://www.econbiz.de/10003763172
imperfectly implemented policies may lead to detrimental environmental outcomes due to supply side responses. We use the … future sales to decline, would supply more of their resource between the announcement of the Acid Rain Program and its … implementation; moreover, the incentive to increase supply would be stronger for owners of high-sulfur coal. This would, all else …
Persistent link: https://www.econbiz.de/10009540097
subsidies for biofuel production such that the supply-side responses by fossil fuel producers may more than offset the …
Persistent link: https://www.econbiz.de/10003938736