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Gute Klimapolitik muss kosteneffizient sein. Konkret bedeutet das, dass sie Unterschiede bei den Vermeidungskosten ausnutzen muss und dass sie die Vermeidung von Schadstoffen dorthin verlagern muss, wo die Kosten minimal sind. Der Emissionshandel ist ein ideales Instrument dafür. Er erlaubt...
Persistent link: https://www.econbiz.de/10011733899
This article examines the loan rate-setting behavior of German banks for a large variety of retail and corporate loan …
Persistent link: https://www.econbiz.de/10010310654
Several countries around the world have introduced reforms to the electric power sector. One important element of these reforms is the introduction of an unbundling process, i.e., the separation of the competitive activities of supply and production from the monopole activity of transmission and...
Persistent link: https://www.econbiz.de/10010312763
The purpose of this paper is to compare the cost efficiency of private and public property insurance providers in Switzerland. The most commonly used measure for this kind of exercise is the Claims / Premium ratio. We argue that this measure may give strongly biased results. We develop a simple...
Persistent link: https://www.econbiz.de/10010315676
This paper uses a panel data set of microfinance institutions (MFI) across the world to compare several identification strategies of cost efficiency and economies of scale. Concretely, we contrast the non-parametric Data Envelopment Analysis (DEA) with the Stochastic Frontier Analysis (SFA) and...
Persistent link: https://www.econbiz.de/10010319737
Cost functions and cost efficiency are commonly estimated for industries with detailed data on production and cost, both for firms that are for profit as well as not for profit. The data on not-for-profits obtained from the IRS Form 990 lack these details and, consequently, encourage...
Persistent link: https://www.econbiz.de/10010282849
Subsidies are considered important means to facilitate the provision of public transit, yet the empirical evidence implies that they can have harming effects on costs and possibly also on operators' performance. This paper examines the impacts of deficit-balancing subsidies on the cost...
Persistent link: https://www.econbiz.de/10010285771
We study the incentives for hospitals to provide quality and expend cost-reducing effort when their budgets are soft, i.e., the payer may cover deficits or confiscate surpluses. The basic set up is a Hotelling model with two hospitals that differ in location and face demand uncertainty, where...
Persistent link: https://www.econbiz.de/10010291512
Technological development has a great significance in the hospitality industry, specifically in the food and beverage department, and particularly in the differentiation of supply and price leadership. Technological development through the 20th century and the beginning of the 21st century led...
Persistent link: https://www.econbiz.de/10011533280
, directly influenced or targeted by central banks, to the rates that banks charge firms and households. Yet the available … banks. We examine the pass-through mechanism using a unique data set of Czech loan and deposit products and focus on bank … before the financial crisis, but has weakened considerably afterward. Second, banks that provide high rates for deposits …
Persistent link: https://www.econbiz.de/10011533423