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Deregulation, Consolidation, and Efficiency : Evidence from U.S. Nuclear Power
Davis, Lucas W. - 2011
percent increase in operating efficiency, achieved primarily by reducing the frequency and duration of reactor outages. At … average wholesale prices the value of this increased efficiency is approximately $2.5 billion annually and implies an annual …
Persistent link: https://www.econbiz.de/10013121046
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Health Insurance Provision and Labor Market Efficiency in the United States
Holtz-Eakin, Douglas - 2010
do not alter this aspect of labor market efficiency …
Persistent link: https://www.econbiz.de/10012762681
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United States Steel'S Acquisition of the Great Northern Ore Properties : Vertical Foreclosure or Efficient Contractual Governance?
Mullin, Joseph C.; Mullin, Wallace P. - 2021
qualitative evidence to support an alternative view that the lease generated a net efficiency gain, resulting in lower steel …
Persistent link: https://www.econbiz.de/10013222626
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Efficiency Effects on the U.S. Economy from Wireless Taxation
Hausman, Jerry A. - 2021
This paper measures for the first time the economic efficiency effects of the taxation of wireless services, which are … thereby suppress demand for service, imposing an efficiency loss on the economy of $0.53 for every $1 currently raised in … taxes. Prospective taxes will impose an efficiency loss of $0.72-$1.14 per additional dollar of tax revenue raised …
Persistent link: https://www.econbiz.de/10013226553
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The Continued Interest Rate Vulnerability of Thrifts
Hendershott, Patric H. - 2009
The 1980s S&L debacle is generally viewed as the result of: (1) sharply rising interest rates eliminating the net worth of thrifts funding fixed-rate loans with short-term deposits and (2) thrifts responding by taking even greater interest-rate and credit risks. The question investigated in this...
Persistent link: https://www.econbiz.de/10013155885
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Real Interest Rates and the Savings and Loan Crisis : the Moral Hazard Premium
Shoven, John B. - 2008
Real interest rates rose to historically high levels in 1980 and remained high throughout the decade. Macroeconomists attribute this phenomenon to a combination of tight monetary policy, fiscal deficits, and variable inflation rates. This paper presents preliminary evidence for an additional...
Persistent link: https://www.econbiz.de/10012774767
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Who Panics During Panics? Evidence from a Nineteenth Century Savings Bank
O'Grada, Cormac; White, Eugene N. - 2021
Using records of the bank accounts of individual depositors, this paper provides a detailed microeconomic analysis of two nineteenth century banking panics. The panics of 1854 and 1857 were not characterized by an immediate mass panic of depositors and had important time dimensions. We examine...
Persistent link: https://www.econbiz.de/10013212881
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Who Should Learn What from the Failure and Delayed Bailout of the Odgf?
Kane, Edward J. - 2021
In March 1985, the failure of the Ohio Deposit Guarantee Fund (the ODGF) sent shock waves reverberating through the financial world. This episode is popularly interpreted as evidence of the dangers of both private deposit insurance and continuing financial deregulation. This paper argues that...
Persistent link: https://www.econbiz.de/10013243455
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The Domestic and International Effects of Interstate U.S. Banking
Ghironi, Fabio Pietro - 2010
This paper studies the domestic and international effects of the transition to an interstate banking system implemented by the U.S. since the late 1970s in a dynamic, stochastic, general equilibrium model with endogenous producer entry. Interstate banking reduces the degree of local monopoly...
Persistent link: https://www.econbiz.de/10013135057
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The Valuation Effects of Geographic Diversification : Evidence from U.S. Banks
Goetz, Martin Richard - 2011
This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank deregulation, we find that exogenous increases in...
Persistent link: https://www.econbiz.de/10013117404