Showing 1 - 10 of 5,647
the imposition of legal liability for damages from hazardous waste finds advantages and disadvantages of the U.S. reliance … on legal liability to pay for cleanup, as opposed to the government-financed approaches more common in Europe. …
Persistent link: https://www.econbiz.de/10010282859
Swedish census data and tax records reveal an astonishing wage compression; the Swedish skill premium fell by more than 30 percent between 1970 and 1990 while the U.S. skill premium, after an initial decline in the 1970s, rose by 8 - 10 percent. Since then both skill premia have increased by...
Persistent link: https://www.econbiz.de/10010281859
This review maps out the labour market situation of PhDs employed in the private sector. To begin with, the theoretical motives for employing PhDs and the supporting empirical evidence are examined. The potential benefits of companies from employing PhDs can be divided into productivity and...
Persistent link: https://www.econbiz.de/10010273056
This paper focuses on the issue of limited financial market participation and determines a lower bound on the level of fixed transaction costs that are required to reconcile observed portfolio choices with asset returns within an isoelastic utility framework. The bound is determined from the set...
Persistent link: https://www.econbiz.de/10010293023
This paper provides a rationale for taxing waste exports when closure risks are endogenous in that they depend on the importing country's accumulated stock of waste. The paper shows that the optimal time path of waste exports requires a progressively increasing tax rate which even surmounts a...
Persistent link: https://www.econbiz.de/10010275614
Current research into the pattern of energy usage in South Africa reveals an extraordinarily heavy reliance on coal-fired electricity, a strategy that is not only unsustainable but which has resulted in serious air pollution problems. The paper argues that this development ought to be seen in...
Persistent link: https://www.econbiz.de/10011608527
We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the … external effect inasmuch as liability obligations imply that consumers of competing products have to pay the high prices as …
Persistent link: https://www.econbiz.de/10010265005
reinforcement of physician liability for off-label use may be the preferred instrument for achieving dynamic efficiency. The … liability threat reduces the demand for off-label use, giving manufacturers an appropriate incentive to invest in extended …
Persistent link: https://www.econbiz.de/10010265794
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …
Persistent link: https://www.econbiz.de/10010271236
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …
Persistent link: https://www.econbiz.de/10010294835