Showing 1 - 10 of 3,591
Persistent link: https://www.econbiz.de/10012477099
Studies of the firm's demand for factor inputs often assume a constant rate of utilization of the inputs and ignore the fact that the firm can simultaneously choose the level and the rate of utilization of its inputs. In particular, the literature on dynamic factor demand models has, until...
Persistent link: https://www.econbiz.de/10012475331
We analyze the effect of mergers on various aspects of airline performance during the period 1970-84, using a panel data set constructed by Caves et al. Estimates derived from a simple "matched pairs" statistical model indicate that these mergers were associated with reductions in unit cost. The...
Persistent link: https://www.econbiz.de/10012475840
In this paper, we decompose oil price changes into their component parts following Kilian (2009) and estimate the dynamic effects of each component on industry-level production and prices in the U.S. and Japan using identified VAR models. The way oil price changes affect each industry depends on...
Persistent link: https://www.econbiz.de/10012462859
Between 1990 and 2008, air pollution emissions from U.S. manufacturing fell by 60 percent despite a substantial increase in manufacturing output. We show that these emissions reductions are primarily driven by within-product changes in emissions intensity rather than changes in output or in the...
Persistent link: https://www.econbiz.de/10012457787
dramatically affected profitability of these goods, and raised concerns for future development of socially valuable digital …
Persistent link: https://www.econbiz.de/10008738354
U.S. airlines have lost nearly $60 billion (2009 dollars) in domestic markets since deregulation, most of it in the last decade. More than 30 years after domestic airline markets were deregulated, the dismal financial record is a puzzle that challenges the economics of deregulation. I examine...
Persistent link: https://www.econbiz.de/10012461914
profitability of momentum-related asset pricing factors. Before the reform, funds pursuing the same investment style had correlated … reform happened. We estimate that the reform explains 25%-50% of the long-term profitability drop in momentum-related factors …
Persistent link: https://www.econbiz.de/10012496178
Recent work on wealth inequality based on the capitalization method wherein aggregate wealth totals are distributed in proportion to various forms of income like dividends has motivated a concern about whether rates of return on assets vary across the wealth distribution. In this study, I use a...
Persistent link: https://www.econbiz.de/10013435105
Privatization has been shown to increase growth and profitability of public firms. However, effects on consumers are … operators may improve hospitals' financial performance, but a focus on profitability may adversely affect access to care for …-2018 period. Private operators improve profitability so that hospitals generate a modest surplus, primarily by increasing mean …
Persistent link: https://www.econbiz.de/10013537718