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autarkies" to a nationally integrated market. I demonstrate that the results of increased competition were" what industrial …
Persistent link: https://www.econbiz.de/10012472492
capacity on competition among" generators. We show that there may be no relationship between the effect of a transmission line …" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are … relatively small investments in transmission may yield surprisingly large" payoffs in terms of increased competition …
Persistent link: https://www.econbiz.de/10012472520
This paper studies the impact that capital market imperfections have on the natural" selection of the most efficient firms by estimating the effect of the pre-deregulation level of" leverage on the survival of trucking firms after the Carter deregulation. Highly leveraged" carriers are less...
Persistent link: https://www.econbiz.de/10012472539
This paper uses data on health insurance choices by employees of Harvard University to examine the effect of alternative pricing rules on market equilibrium. In the mid-1990s, Harvard moved from a system of subsidizing more expensive insurance to a system of contributing an equal amount to each...
Persistent link: https://www.econbiz.de/10012473037
We show that modifying the standard neoclassical growth model by assuming that competition is imperfect makes it easier …
Persistent link: https://www.econbiz.de/10012473211
Recent empirical evidence indicates that capital structure changes affect pricing strategies. In most cases, prices increase following the implementation of a leveraged buyout of a major firm in an industry, with the more levered firm charging higher prices on average. Notable exceptions exist...
Persistent link: https://www.econbiz.de/10012473361
The inability to measure the opportunity cost of labor has plagued analyses of firm-level compensation policies for many years. Using a newly constructed data set of French workers and firms, we estimate the opportunity cost of the employees' time based on a measure of the person-effect in the...
Persistent link: https://www.econbiz.de/10012473366
The US-Mexico free-trade debate included some theoretical assertions that were then used as arguments against trade and investment liberalization. (1) Trade liberalization increases the degree to which production is internationally relocated in response to environmental restrictions...
Persistent link: https://www.econbiz.de/10012473369
and parents among schools; easier choice will encourage competition among schools, forcing them into higher productivity …
Persistent link: https://www.econbiz.de/10012473920
Arguments in favor of school choice depend on the idea that competition between schools improves the quality of … education. However, we have almost no empirical evidence on whether competition actually affects school quality. In this study …, I examine the effects of inter-school competition on public schools by using exogenous variation in the availability and …
Persistent link: https://www.econbiz.de/10012473921