Tradable Permits – a Market-Based Allocation System for the Environment. Tradable Permits and Other Environmental Policy Instruments – Killing one Bird with two Stones. Tradable Permits – Ten Key Design Issues. Tradable Permits with Imperfect Monitoring. Emissions Trading with Greenhouse...

This volume was prepared by Luise Röpke while she was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes three self-contained chapters about aspects of the integration of new...

Das Humankapital einer Volkswirtschaft ist einer der zentralen Faktoren für das Wirtschaftswachstum. Daher finden nationale Bildungssysteme und die Hochschullandschaft als ein wesentlicher Bestandteil zunehmend Beachtung in der politischen und wissenschaftlichen Debatte. In Zeiten knapper...

Using the non-parametric data envelopment approach, the long-run profit efficiency of nine pre-classified merger deals of merging and non-merging U.S. banks is investigated during the period from 1992 to 2003 for a sample of 359 merger deals. The findings show that, in general, large acquirers...

Innovation in small and medium-sized enterprises (SMEs) is a source of regional development and enables enterprises to improve their competitiveness. However, the intensification of innovation effort depends upon a better understanding of the innovation process, in particular the assessment of...

Although efficiency has been tested previously in Colombia, studies mislead the main element which is faced by the system: risk. Most studies assume banks are risk neutral, this fact tends to underestimate efficiency, especially when a country faces an economic crisis, like the one of the late...

Cooperatives represent an alternative to large-scale corporate farms and plantations as well as to independent unaffiliated small private farms. This paper presents a comparative modeling narrative on cooperative organizational forms’ potential impact on equitable rural development. This...

The objective of this research is to study the x-efficiency of Tunisian commercial banks for the period 1996-2010 using a DEA (Data Envelopment Analysis) method. Our results suggest that the cost efficiency of the sector is estimated at a score of 41.0%. Market share in terms of deposit banks...

In this paper, we show the importance of accounting for heterogeneity among sample firms in stochastic frontier analysis. For a fairly homogenous sample of German savings and cooperative banks, we analyze how alternative theoretical assumptions regarding the nature of heterogeneity can be...

The inability of most bank merger studies to control for hidden bailouts may lead to biased results. In this study, we employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the regulatory intervention history to distinguish between...