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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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Union Work Rules and Efficiency in the Building Trades
Allen, Steven G. - 2021
This paper estimates the effect of union work rules in the building trades on employment and costs by comparing factor demand elasticities for union and nonunion contractors and subcontractors over micro data from two different types of construction. The results show that the elasticities of...
Persistent link: https://www.econbiz.de/10013211685
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Land and Credit : A Study of the Political Economy of Banking in the United States in the Early 20th Century
Rajan, Raghuram G. - 2010
We thank Lakshmi Aiyar, Shawn Cole, Stijn Claessens, Oded Galor, Adair Morse, Mark Rosenzweig, Jeremy Stein, as well as participants in seminars at the IMF, the NBER Political Economy, Corporate Finance, and Growth Workshops, M.I.T., Northwestern University, the University of Chicago, the WFA...
Persistent link: https://www.econbiz.de/10013152442
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Voting Rights, Share Concentration, and Leverage at Nineteenth-Century Us Banks
Bodenhorn, Howard - 2012
. Second, did diffuse ownership systematically alter bank risk taking? It did. Banks with less concentrated ownership followed …
Persistent link: https://www.econbiz.de/10013111302
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Banks’ Internal Capital Markets and Deposit Rates
Ben-David, Itzhak - 2015
. Using branch-level deposit rate data, we find little evidence for market discipline as rates are similar across bank … correlated with loan growth in other states in which their bank has some presence, suggesting internal capital markets help … reallocate the bank's funding …
Persistent link: https://www.econbiz.de/10013016009
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Workplace Concentration of Immigrants
Andersson, Fredrik - 2010
To what extent do immigrants and the native-born work in separate workplaces? Do worker and firm characteristics explain the degree of workplace concentration? We explore these questions using a matched employer-employee database that extensively covers employers in selected MSAs. We find that...
Persistent link: https://www.econbiz.de/10013135874
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Tobacco Regulation Through Litigation : The Master Settlement Agreement
Viscusi, W. Kip - 2012
The 1998 Master Settlement Agreement resolved the unprecedented litigation in which the states sought to recoup the cigarette-related Medicaid costs. The litigation was settled through a combination of negotiated regulatory requirements and financial payments of about $250 billion over 25 years....
Persistent link: https://www.econbiz.de/10013116702
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Big Banks and Macroeconomic Outcomes : Theory and Cross-Country Evidence of Granularity
Bremus, Franziska - 2013
. Using this framework, we show conditions under which idiosyncratic shocks to bank lending can generate aggregate … sector for many countries is indeed granular, as the right tail of the bank size distribution follows a power law. We then … concentration is associated with a positive and significant relationship between bank-level credit growth and aggregate growth of …
Persistent link: https://www.econbiz.de/10013081202
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Concentrating on the Fall of the Labor Share
Autor, David H. - 2017
The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a “superstar firm” model where industries are increasingly characterized by “winner take most” competition, leading a small number of highly profitable (and...
Persistent link: https://www.econbiz.de/10012964393
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Paying a Premium on Your Premium? Consolidation in the U.S. Health Insurance Industry
Dafny, Leemore S. - 2010
We examine whether and to what extent consolidation in the U.S. health insurance industry is leading to higher employer-sponsored insurance premiums. We make use of a proprietary, panel dataset of employer-sponsored healthplans enrolling over 10 million Americans annually between 1998 and 2006...
Persistent link: https://www.econbiz.de/10013150447