This paper employs a unique panel data from 111 small non-metropolitan incorporated cities in California during a 108 month period from January 1981 to December 1989 in order to analyse the effect of alcohol availability on highway safety. Negative binomial regression models are estimated which...

Using an aggregate production function, the impact of runways at commercial airports on several measures of metropolitan statistical areas’ economic welfare in combination with labor, private capital, and public-sector capital is estimated. By focusing on runways at commercial airports,...

From a panel of fifty airports over a 13-year period, this research estimates a translog model of airport short-run operating costs. Output is departures and the effective number of 10,000 by 150 feet runways is a quasi-fixed factor of production. The analysis finds that airports operate under...

This paper examines North American pulp and paper company bankruptcies that occurred between 1990 and 2009. We demonstrate that shareholders suffer substantial losses (37 %) during the month a bankruptcy occurs. Encouragingly, we show that financial ratios are useful in predicting firm failure...

Based upon several studies analyzing the effects of public transit subsidies on a system's performance, there is a consensus that public transit subsidies have increased a system's effectiveness but compromized its efficiency and overall performance. In addition to providing an extensive review...

In an effort to reduce operating deficits, increase productivity, and improve the quality of services, the public transit sector has been moving away from public ownership and operation and towards a franchising arrangement whereby a local government authorizes a private firm to manage and...