This paper examines a two-period model of an investment decision in a network industry characterized by demand uncertainty, economies of scale and sunk costs. In the absence of regulation we identify the market conditions under which a monopolist decides to invest early as well as the underlying...

The present paper summarizes a Belgian report, SATACBEL, (Ben Sedrine et al., 2011) on the establishment of keys indicators for satellite accounts in Belgium covering cooperatives and mutual societies for the year 2007. Several macroeconomic aggregates are assessed and examined with regard to...

[ger] Produktivitätszuwachs, Auftiolprozeß und Innovation: eine Analyse der produzierenden Sektoren der OECD, . von Fabienne Fecher.. . In diesem Artikel wird die Auswirkung des Nachahmungsprozesses und der Innovationstätigkeit auf die Entwicklung der Gesamtproduktivität der Faktoren...

The purpose of this study based on the econometric estimation of deterministic frontier production functions is to examine and to compare for the period 1977-1983, 14 sectors of the Belgian manufacturing industry from a sample of a thousand firms. We are especially interested in breaking down...

The purpose of the paper is to measure technical efficiency levels in 15 OECD insurance industries over the period 1983-1991 and to decompose productivity changes into technical progress and efficiency variations. We show that the growth in the productivity observed in all countries is...