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Year
Refresh
Regional Disparities in Transition Economies: a Typology for East Germany and Poland
Franz Barjak
Post-Communist Economies, 2001
Abstract
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On the Incentives to Provide Fuel-Efficient Automobiles
Hans Degryse, Andreas Irmen
Journal of Economics, No. 2, 2001
Abstract
We argue that the provision of more fuel-efficient cars necessitates specific aerodynamic shapes. We show that the presence of this technological constraint may reduce the incentives to provide fuel efficiency. In equilibrium, cars become more similar and aerodynamic as fuel prices increase. However, the provided level of fuel efficiency falls short of the social optimal one such that a fuel-economy standard is welfare-enhancing.
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Simultaneity in multiple equation hybrid models with endogenous dummy regressors
Joachim Wilde
Allgemeines Statistisches Archiv, No. 2, 2001
Abstract
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Bank Relationships and Firm Profitability
Hans Degryse, Steven Ongena
Financial Management, No. 1, 2001
Abstract
This paper examines how bank relationships affect firm performance. An empirical implication of recent theoretical models is that firms maintaining multiple bank relationships are less profitable than their single-bank peers. We investigate this empirical implication using a data set containing virtually all Norwegian publicly listed firms for the period 1979-1995. We find that profitability is substantially higher if firms maintain only a single bank relationship. We also find that firms replacing a single bank relationship are on average smaller and younger than firms not replacing a single bank relationship.
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Wo stehen wir mit dem kooperativen Föderalismus in Deutschland?, Referat im Rahmen der 62. Wissenschaftlichen Tagung der Arbeitsgemeinschaft deutscher wirtschaftswissenschaftlicher Forschungsinstitute e. V. am 29. und 30. April 1999 in Bonn
Martin T. W. Rosenfeld
Applied Economics Quarterly Supplement, 2000
Abstract
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Long term appointment of central bankers: Costs and benefits
Axel Lindner
European Journal of Political Economy, No. 4, 2000
Abstract
Why do independent central bank boards have a reputation for more moderate policy than do elected governments, even if the board's members have been appointed by the current or former government? This paper gives an explanation for the case of a political world with ‘zeitgeist shocks’ on the electorate's preferences. If the median position of preferences inside the board determines the monetary policy, a trade-off concerning member term length arises: a longer term entails more moderation, while enhancing the likelihood of detachment from contact to the electorate's current preferences.
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Price Competition between an Expert and a Non-Expert
Jan Bouckaert, Hans Degryse
International Journal of Industrial Organization, No. 6, 2000
Abstract
This paper characterizes price competition between an expert and a non-expert. In contrast with the expert, the non-expert's repair technology is not always successful. Consumers visit the expert after experiencing an unsuccessful match at the non-expert. This re-entry affects the behavior of both sellers. For low enough probability of successful repair at the non-expert, all consumers first visit the non-expert, and a 'timid-pricing' equilibrium results. If the non-expert's repair technology performs well enough, it pays for some consumers to disregard the non-expert a visit. They directly go to the expert's shop, and an 'aggressive-pricing' equilibrium pops up. For intermediate values of the non-expert's successful repair a 'mixed-pricing' equilibrium emerges where the expert randomizes over the monopoly price and some lower price.
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Schulabgänger ohne Hauptschulabschluss. Regionale Disparitäten eines wachsenden Problempotenzials
Peter Franz, Cornelia Lang
Raumforschung und Raumordnung, No. 4, 2000
Abstract
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Suburbanization and the Clash of Urban Regimes: Developmental Problems of East German Cities in a Free Market Environment
Peter Franz
European Urban and Regional Studies, 2000
Abstract
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Identification of multiple equation probit models with endogenous dummy regressors
Joachim Wilde
Economics Letters, No. 69, 2000
Abstract
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