Showing 1 - 10 of 96
determinant of shipping costs. Improving port efficiency from the 25th to the 75th percentile reduces shipping costs by 12 percent …Recent literature has emphasized the importance of transport costs and infrastructure in explaining trade, access to … markets, and increases in per capita income. For most Latin American countries, transport costs are a greater barrier to U …
Persistent link: https://www.econbiz.de/10013233046
costs after closing the underhand agreement. When the essential facility prefers the option of vertical separation, there is …
Persistent link: https://www.econbiz.de/10013235272
We develop a spatial model of energy exploitation where energy sources are differentiated by their geographic location and energy density. The spatial setting creates a scaling law that magnifies the importance of differences across energy sources. As a result, renewable sources twice as dense,...
Persistent link: https://www.econbiz.de/10013064302
The United States consumed more petroleum-based liquid fuel per capita than any other OECD-high-income country - 30 percent more than the second-highest country (Canada) and 40 percent more than the third-highest (Luxemburg). This paper examines the main channels through which reductions in U.S....
Persistent link: https://www.econbiz.de/10013112835
We examine the effect of school traffic pollution on student outcomes by leveraging variation in wind patterns for …
Persistent link: https://www.econbiz.de/10012893980
This paper investigates whether the securitization of corporate bank loans had an impact on the price of corporate debt. Our results suggest that loan facilities that are subsequently securitized are associated with a 15 basis point lower spread than that of loans that are not subsequently...
Persistent link: https://www.econbiz.de/10013128899
This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers and costly default. We show that prepayment penalties improve welfare by ensuring longer-term lending contracts, which prevents the mortgage pools from becoming disproportionately...
Persistent link: https://www.econbiz.de/10013135393
) suggests that the decision to commit crime involves a weighing of both benefits and costs, implying that both tough and soft …
Persistent link: https://www.econbiz.de/10013136359
A long theoretical literature in economics addresses the heavy reliance of the U.S. criminal justice system on very expensive forms of punishment - prison - when cheaper alternatives - such as fines and other sanctions - are available. This paper analyzes the role of fines as a criminal sanction...
Persistent link: https://www.econbiz.de/10013137008
resolved crises if they monitor the worker. If monitoring costs are positive but sufficiently small, for a range of …
Persistent link: https://www.econbiz.de/10013118123