Showing 1 - 10 of 34
Using a model with housing search, endogenous credit constraints, and mortgage default, this paper accounts for the housing crash from 2006 to 2011 and its implications for aggregate and cross-sectional consumption during the Great Recession. Left tail shocks to labor market uncertainty and...
Persistent link: https://www.econbiz.de/10011782612
concerning the success rates, failure rates, investment rates, equity shares, and IPO values. Raising capital gains taxation …
Persistent link: https://www.econbiz.de/10011782639
This paper investigates the empirical link between emission intensity and economic growth, using a very large data set of 61,219 Italian manufacturing firms over the period 2000-2004. As a measure of lagged environmental performance (efficiency) at firm level we exploit NAMEA sector for CO2,...
Persistent link: https://www.econbiz.de/10008799164
This paper investigates theoretically and empirically the endogenous investment decision of firms conditioning on … switchers), initial productivity and investment are strategic complements, inducing intra-industrial divergence. On the contrary …, when preferences are quadratic, initial productivity and investment are strategic substitutes: less productive firms invest …
Persistent link: https://www.econbiz.de/10008749631
Persistent link: https://www.econbiz.de/10003475284
This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into … independence matters for both investment and financial decisions. Investment increases under an Independent Regulatory Agency (IRA … privately controlled. Finally political orientation does matter, as firm investment increases under more conservative (pro …
Persistent link: https://www.econbiz.de/10008729094
The paper studies the incentive for providers to invest in new health care technologies under alternative payment systems, when the patients' benefits are uncertain. If the reimbursement by the purchaser includes both a variable (per patient) and a lump-sum component, efficiency can be ensured...
Persistent link: https://www.econbiz.de/10008746927
Persistent link: https://www.econbiz.de/10003689830
Persistent link: https://www.econbiz.de/10003669598
Persistent link: https://www.econbiz.de/10003393208