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This paper analyzes the literature concerning models of endogenous mergers. Traditional models of exogenous mergers analyze mergers as isolated phenomena. However, some empirical facts about M&A don’t seem to be explained in this literature. Models of endogenous mergers take into account all...
Persistent link: https://www.econbiz.de/10008774504
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We model the interactions between management regimes (municipal vs. delegated) and operating costs of water supply services in order to compare their performance and pricing. We estimate the models from panel data in France. We show that the choice between management regimes at the local...
Persistent link: https://www.econbiz.de/10005100789
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Dirk Pilat and Paul Schreyer of the OECD discuss the new OECD Productivity Database. The database covers 26 OECD countries for labour productivity estimates, as well as 14 countries for multifactor productivity estimates. While the database represents the most comparable productivity estimates...
Persistent link: https://www.econbiz.de/10005292742
detailed industry level. The International Comparisons of Output and Productivity (ICOP) project established at the University … industry-specific purchasing power parities based on producer output data instead of final expenditure information. A key … finding that emerges from their research is the difference between labour productivity levels measured in terms of output per …
Persistent link: https://www.econbiz.de/10005481863
We propose methods for testing hypothesis of non-causality at various horizons, as defined in Dufour and Renault (1998, Econometrica). We study in detail the case of VAR models and we propose linear methods based on running vector autoregressions at different horizons. While the hypotheses...
Persistent link: https://www.econbiz.de/10005100843
This the inaugural issue of the International Productivity Monitor, a new publication produced by the Ottawa-based Centre for the Study of Living Standards (CSLS). The objective of the Monitor is to focus atttention on the importance of productivity for improving living standards and quality of...
Persistent link: https://www.econbiz.de/10005650237
output per hour lower in 2000 than in 1977. In this article Andrew Sharpe from the Centre for the Study of Living Standards …
Persistent link: https://www.econbiz.de/10005518983
Des appareillages électriques, en passant par les bilans comptables jusqu'aux technologies de l'information et de la communication, rares sont les secteurs économiques qui ne soient pas soumis à des normes dites techniques. Les normes techniques, dont les normes ISO sont certainement les plus...
Persistent link: https://www.econbiz.de/10009319612