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Limiting limited liability
Dari-Mattiacci, Guiseppe - 2006
Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is …
Persistent link: https://www.econbiz.de/10011349185
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Industry evolution : diversity, selection and the role of learning
Audretsch, David B.; Houweling, Patrick; Thurik, Adriaan R. - 1998
firms survive and others do not than does neoclassical economics. At the heart of the evolutionary theory isthe view that …
Persistent link: https://www.econbiz.de/10010533203
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Panel data estimates of the production function and product and labor market imperfections
Dobbelaere, Sabien; Mairesse, Jacques - 2010
Embedding the efficient bargaining model into the R. Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets generate a wedge between factor elasticities in the production function and their corresponding shares in revenue. This...
Persistent link: https://www.econbiz.de/10011377461
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Cost reducing investment, competition and industry dynamics
Petrakēs, Emmanuēl; Roy, Santanu - 1997 - Rev.
We demonstrate the possibility of shake-out of firms and emergence of inter-firmheterogeneity along the (socially optimal) dynamic equilibrium path of a competitive industry with freeentry and exit, even when there is no uncertainty and all firms are ex ante identical with perfectforesight....
Persistent link: https://www.econbiz.de/10010372852
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Cost reducing investment, competition and industry dynamics
Petrakēs, Emmanuēl; Roy, Santanu - 1998
Persistent link: https://www.econbiz.de/10000978933
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Industry evolution : diversity, selection and the role of learning
Audretsch, David B.; Houweling, Patrick; Thurik, Adriaan R. - 1998
Persistent link: https://www.econbiz.de/10000978941
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Accident externality of driving : evidence from the London Congestion Charge
Tang, Cheng Keat; Ommeren, Jos van - 2020
This paper estimates the marginal accident externality of driving in Central London by exploiting variation in traffic …, and a 6.5% increase in serious injuries/fatalities. Our preferred estimates indicate that the accident, slight injuries … £0.16. The marginal accident externality is positive, as the marginal driver along congested roads decreases the risk and …
Persistent link: https://www.econbiz.de/10012317457
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New-firm survival : industry versus firm effects
Audretsch, David B.; Houweling, Patrick; Thurik, Adriaan R. - 1997
Recent studies show that the likelihood of survival differs significantly across firms. Both firm and industry characteristics are hypothesized to account for this heterogeneity. Using a longitudinal database of manufacturing firms we investigate whether firm or industry characteristics...
Persistent link: https://www.econbiz.de/10010338466
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New firm survival : industry versus firm effects
Audretsch, David B.; Houweling, Patrick; Thurik, Adriaan R. - 1997
Persistent link: https://www.econbiz.de/10000674951