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Deregulation, Entry of Foreign Banks and Bank Efficiency in Australia

Sturm, Jan-Egbert; Williams, Barry - CESifo - 2002

banks have used size as a barrier to entry to the new entrants in the post-deregulation period. Furthermore, bank efficiency …This study considers the efficiency of banking in Australia during the post-deregulation period 1988-2001. Since 1986 … restrictions upon foreign bank entry and foreign ownership have been affectively abolished. Using Data Envelopment Analysis (DEA …

Persistent link: https://www.econbiz.de/10005766073

The Existence of Informationally Efficient Markets When Individuals Are Rational

Muendler, Marc-Andreas - CESifo - 2004

A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing asset price - contrary to a wide-held conjecture. Generalizing the common additive signal-return model with CARA utility to the family of distributions with moment generating...

Persistent link: https://www.econbiz.de/10005406399

Market Failures and the Under-Provision of Training

Brunello, Giorgio; Paola, Maria De - CESifo - 2004

This paper reviews both the theoretical underpinnings and the empirical evidence in support of the under-provision of training. While there is little if any evidence in support of under-provision because of liquidity constraints to the demand side of the market, there is evidence that employers...

Persistent link: https://www.econbiz.de/10005094467

Efficiency and Equity of European Education and Training Policies

Woessmann, Ludger - CESifo - 2006

to advance both efficiency and equity. Returns to educational investments tend to decrease over the life cycle. Moreover … life cycle. This creates complementarities between efficiency and equity at early stages and trade-offs at late stages. The … paper goes on to discuss specific policies for efficiency and equity at each educational stage, ranging from early childhood …

Persistent link: https://www.econbiz.de/10005094505

Incentive Schemes for Local Government: Theory and Evidence from Comprehensive Performance Assessment in England

Lockwood, Benjamin; Porcelli, Francesco - CESifo - 2011

, but have an ambiguous effect on the efficiency of service provision. We test these predictions using a difference in … not subject to the same CPA regime. To do this, we construct original indices of service quality and efficiency, using … efficiency indices. There is evidence of heterogeneous effects of CPA on efficiency, with some evidence that CPA impacted more on …

Persistent link: https://www.econbiz.de/10009150641

Simultaneous Search and Network Efficiency

Gautier, Pieter A.; Holzner, Christian - CESifo - 2011

When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects network clearing). We show that those frictions and the...

Persistent link: https://www.econbiz.de/10009221551

Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries

Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T.K.; … - CESifo - 2012

We study experimentally the protection of property in five widely distinct countries— Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...

Persistent link: https://www.econbiz.de/10010595381

Efficiency and Environmental Impacts of Electricity Restructuring on Coal-Fired Power Plants

Chan, H. Ron; Fell, Harrison; Lange, Ian A.; Li, Shanjun - CESifo - 2013

We investigate the impacts of electricity market restructuring on fuel efficiency, utilization and, new to this area … without. Our analysis finds that restructuring led to: (1) a two percent improvement in fuel efficiency for IOs, (2) a ten …

Persistent link: https://www.econbiz.de/10010631776

Household Formation and Markets

Gersbach, Hans; Haller, Hans; Konishi, Hideo - CESifo - 2013

We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partner’s commodity consumption and unpriced actions are allowed. Each individual has two types of traits: observable...

Persistent link: https://www.econbiz.de/10010698700

Are User Fees Really Regressive?

Economides, George; Philippopoulos, Apostolis - CESifo - 2012

by the Ramsey government not only increases aggregate efficiency, but it also decreases inequality. This result is in …

Persistent link: https://www.econbiz.de/10010556462