Showing 1 - 10 of 3,540
This paper investigates the determinants of profit change over the period 1991-2008 for the Water and Sewerage Companies (WaSCs) in the English and Welsh water and sewerage industry. We firstly apply an input oriented profit decomposition approach following the approach of De Witte & Saal...
Persistent link: https://www.econbiz.de/10010294274
companies (WaSCs) in England and Wales. We apply a panel index approach across WaSCs over time to decompose unit …-specific (temporal) index number based profitability growth as a function of the profitability, productivity and price performance growth … that the steady decline in average price performance, gains in productivity and relatively stable economic profitability …
Persistent link: https://www.econbiz.de/10010294297
The paper examines the use of choice experiments (CE) to assess the economic value of alternative rail noise reduction interventions on the so-called Brennero railway, Italy. The novelty of this paper is threefold. To our knowledge, this is the first study on the valuation of noise conducted in...
Persistent link: https://www.econbiz.de/10010312399
We develop a framework for analyzing “medium-run” departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking “directed” technical change) with a below-unitary substitution elasticity coupled with...
Persistent link: https://www.econbiz.de/10011604961
total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … the degree of market competition. It applies to open economies as well, if total factor productivity is constructed using … productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need to be …
Persistent link: https://www.econbiz.de/10010286892
This paper develops a simple model that analyses the relationship between a country's oil endowment and the duration of … coup d'état and establish a new dictator. The relationship between oil endowment and the duration of the dictatorial regime … is modulated by the price of oil. Applying an empirical survival model on data for the duration of 106 dictatorships …
Persistent link: https://www.econbiz.de/10010293400
these transitions allows the identification of duration dependence in the job offer arrival rate and the wage offer … likelihood. The results show that the presence of significant negative duration dependence in the wage offer distribution causes … reservation wages to decrease. The rate at which job offers arrive is constant over the unemployment duration. These findings …
Persistent link: https://www.econbiz.de/10010262149
negatively selected on unobservables. A beneficial (unemployment-duration reducing) causal effect of internet job search is …
Persistent link: https://www.econbiz.de/10010262563
In this paper, we compile a unique historical dataset that records strike activity in the British engineering industry from 1920 to 1970. These data have the advantage of containing a fairly homogenous set of companies and workers, covering a long period with varying labour market conditions,...
Persistent link: https://www.econbiz.de/10010272753
The aim of this paper is to explore the patterns of trade duration across regions and to identify its determinants … variables on the duration of trade relationships from 96 countries from 1995 to 2004. Our results suggest first that the … duration of trade relationships increases with the region level of development: trade relationships from richer economies face …
Persistent link: https://www.econbiz.de/10010316725