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Be cautious with the precautionary principle : evidence from Fukushima Daiichi nuclear accident
Neidell, Matthew; Uchida, Shinsuke; Veronesi, Marcella - 2019
This paper provides a large scale, empirical evaluation of unintended effects from invoking the precautionary principle after the Fukushima Daiichi nuclear accident. After the accident, all nuclear power stations ceased operation and nuclear power was replaced by fossil fuels, causing an...
Persistent link: https://www.econbiz.de/10012126034
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Compensation in personal injury cases : mean or median income?
Danziger, Leif; Katz, Eliakim - 2019
Courts typically base compensation for loss of income in personal injury cases on either mean or median work income. Yet, quantatively, mean and median incomes are typically very different. For example, in the US median income is 65 percent of mean income. In this paper we use economic theory to...
Persistent link: https://www.econbiz.de/10012034365
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The role of lawyer-legislators in shaping the law : evidence from voting behavior on tort reforms
Matter, Ulrich; Stutzer, Alois - 2015
Attorneys elected to the US Congress and to US state legislatures are systematically less likely to vote in favor of tort reforms that restrict tort litigation, but more likely to support bills that extend tort law than legislators with a different professional background. This finding is based...
Persistent link: https://www.econbiz.de/10010488138
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How do insurers price medical malpractice insurance?
Black, Bernard S.; Traczynski, Jerey; Udalova, Victoria - 2022
Liability Monitor over 1990 to 2017. A number of core findings are not easily explained by standard economic theory. First, we …
Persistent link: https://www.econbiz.de/10013272267
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How policy changes affect shareholder wealth : the case of the Fukushima Daiichi nuclear disaster
Betzer, André; Doumet, Markus; Rinne, Ulf - 2011
of almost half of Germany's nuclear reactors while safety checks were carried out, and a three-month moratorium on … companies to renewable energies companies in Germany. We moreover find that the joint market capitalization of these firms has …
Persistent link: https://www.econbiz.de/10009312120
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Do firms really share rents with their workers?
Margolis, David N.; Salvanes, Kjell G. - 2001
We use matched firm-worker panel data from France and Norway to consider observationally equivalent alternatives to the … reduces the significance level in France to 89% (via an increase in the standard error of the estimate). The most complete … coefficient insignificant for France and weakens its significance for Norway and the presence of a more mobile labor force in …
Persistent link: https://www.econbiz.de/10011402884
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The wage policy of firms : comparative evidence for the US and Germany from personnel data
Grund, Christian - 2002
The wage policy of a German and a U.S. firm is comparatively analysed with a focus on the relation between wages and hierarchies. While prior studies examine only one particular firm, in this paper two plants of the same owners with similar production processes in different institutional...
Persistent link: https://www.econbiz.de/10011414006
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Does institutional diversity account for pay rules in Germany and Belgium?
Kampelmann, Stephan; Rycx, François - 2011
) higher overall pay inequality in Germany; (II) higher pay inequalities between employees and workers in Belgium; and (III …) higher (lower) impact of educational credentials (work-post tenure) on earnings in Germany. We provide survey-based empirical … institutional details: although Germany and Belgium belong to the same "variety of capitalism", we provide evidence that small …
Persistent link: https://www.econbiz.de/10009425687
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Management compensation and the economic crisis : longitudinal evidence from the German chemical sector
Grund, Christian; Hofmann, Tanja - 2013
Making use of unique balanced panel data for the German chemical sector from the years 2008 to 2011, we explore the extent to which managers' compensation was affected by the economic crisis and the extent to which it increased afterwards. Carrying out longitudinal analyses, we find that, on...
Persistent link: https://www.econbiz.de/10009754706
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Task-biased changes of employment and remuneration : the case of occupations
Kampelmann, Stephan; Rycx, François - 2011
into "good" and "bad" jobs. We provide updated evidence that polarisation also occurred in Germany since the mid-1980s …
Persistent link: https://www.econbiz.de/10009130116