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Tenancy rent control and credible commitment in maintenance
Arnott, Richard; Shevyakhova, Elizaveta - 2014
Under tenancy rent control, rents are regulated within a tenancy but not between tenancies. This paper investigates the effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed-duration tenancy depends only on the starting rent,...
Persistent link: https://www.econbiz.de/10010237287
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Heterogeneous effects of a nonlinear price schedule for outpatient care
Farbmacher, Helmut; Ihle, Peter; Schubert, Ingrid; … - 2013
Theoretical considerations suggest that nonlinear health care price schedules have heterogeneous effects on health care demand. In this paper, we develop and apply a finite mixture bivariate probit model to analyze whether there are heterogeneous reactions to the introduction of a nonlinear...
Persistent link: https://www.econbiz.de/10010212657
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Airline schedule buffers and flight delays : a discrete model
Brueckner, Jan K.; Czerny, Achim Ingo; Gaggero, Alberto A. - 2020 - Version of August, 2020
This paper revisits the airline schedule-buffer choice problem analyzed by Brueckner, Czerny and Gaggero (2020) using a simpler model where the random shocks influencing flight times are discrete rather than continuous. The analysis yields closed-form solutions for the flight and ground buffers...
Persistent link: https://www.econbiz.de/10012270584
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Prices, schedules, and passenger welfare in multi-service transportation systems
Billette de Villemeur, Étienne; Vinella, Annalisa - 2019
of passengers, and assess how service pricing and scheduling affect their travel choices and welfare. We show that this …
Persistent link: https://www.econbiz.de/10012103986
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Airline mitigation of propagated delays : theory and empirics on the choice of schedule buffers
Brueckner, Jan K.; Czerny, Achim Ingo; Gaggero, Alberto A. - 2019
This paper presents an extensive theoretical and empirical analysis of the choice of schedule buffers by airlines. With airline delays a continuing problem around the world, such an undertaking is valuable, and its lessons extend to other passenger transportation sectors. One useful lesson from...
Persistent link: https://www.econbiz.de/10012110214
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The circular economy
Fullerton, Don - 2024
Research about the circular economy is dominated by engineers, architects, and social scientists in fields other than economics. The concepts they study can be useful in economic models of policies – to reduce virgin materials extraction, to encourage green design, and to make better use of...
Persistent link: https://www.econbiz.de/10014529224
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Investing in biogas: timing, technological choice and the value of flexibility from inputs mix
Di Corato, Luca; Moretto, Michele - 2009
flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved …. -- factor proportions ; technological choice ; flexibility ; real options ; alternative energy source …
Persistent link: https://www.econbiz.de/10003872196
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Legal institutions, innovation and growth
Anderlini, Luca; Felli, Leonardo; Immordino, Giovanni; … - 2011
excessive (greater than first-best) R&D investment and output growth. -- legal system ; commitment ; flexibility ; innovation …
Persistent link: https://www.econbiz.de/10009153886
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Statute law or case law?
Anderlini, Luca (contributor); Felli, Leonardo (contributor) - 2008
In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably … most economic decisions are already taken. Therefore, the advantage of flexibility for Case Law is unavoidably paired with … pairs the lack of flexibility with the ability to commit in advance to a given (forward looking) rule. This solves the time …
Persistent link: https://www.econbiz.de/10003748330
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CCS : failing to pass decision gates
Emhjellen, Magne; Osmundsen, Petter - 2013
Socio-economic criteria for climate projects have been used in analysing the value of the climate benefit of a reduction in CO2. These reports are optimistic, yet CCS demonstration plants are not implemented as expected. Little attention has been devoted to profitability assessments based on...
Persistent link: https://www.econbiz.de/10010223461