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The purpose of this paper is to analyze the efficiency of the 26 Swiss cantons over the period 2000 to 2004 applying Data Envelopment Analysis (DEA). A Total Public Sector Performance (TPSP) indicator for eight local government activities (administration, public safety, education, culture and...
Persistent link: https://www.econbiz.de/10010315507
correction in the estimation of hospital performance. …
Persistent link: https://www.econbiz.de/10010316845
The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued that the influence of capital stock on the performance of...
Persistent link: https://www.econbiz.de/10010280778
The purpose of this paper is to analyze the optimal scale of local jurisdictions (cantons) in Switzerland applying Data …
Persistent link: https://www.econbiz.de/10010316907
An important source of conflict surrounding nuclear energy is that with a very small probability, a large-scale nuclear accident may occur. One way to internalize the associated financial risks is through mandating nuclear operators to have liability insurance. This paper presents estimates of...
Persistent link: https://www.econbiz.de/10010315480
the United States and Switzerland, adopting an investor point of view. Expected returns are defined by the rate of …, and Solar in the case of Switzerland, a country without domestic supplies of fossil fuels. Since shocks in generation … costs are found to be correlated, Seemingly Unrelated Regression Estimation (SURE) is used to filter out the systematic …
Persistent link: https://www.econbiz.de/10010315486
Switzerland and the United States. Expected returns are given by the (negative of the) rate of increase of power generation cost … Nuclear, Run of river, Storage hydro and Solar in the case of Switzerland, and Coal, Nuclear, Gas, Oil, and Wind in the case … estimation (SURE) method is applied for filtering out the systematic component of the covariance matrix of the cost changes …
Persistent link: https://www.econbiz.de/10010315522
future growth of HCE. For the case of Switzerland, it finds this contribution to be relatively small regardless of whether or …
Persistent link: https://www.econbiz.de/10010315546
Switzerland. Private U.S. but not Swiss insurance has a hedging effect for consumers, while both social insurance schemes expose …
Persistent link: https://www.econbiz.de/10010315580
This paper challenges the prevailing view of the neutrality of the labour income share to labour demand, and investigates its impact on the evolution of employment. Whilst maintaining the assumption of a unitary long-run elasticity of wages with respect to productivity, we demonstrate that...
Persistent link: https://www.econbiz.de/10010280741