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  • 1
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    The Demand for Cigarette Smuggling (1995)
    Oxford : Periodicals Archive Online (PAO)
    Economic Inquiry. 33:2 (1995:Apr.) 189 
    Details
    ISSN: 0095-2583
    Topics: Economics
    URL: http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&res_dat=xri:pao:&rft_dat=xri:pao:article:b097-1995-033-02-000002
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    Paper (German National Licenses)
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  • 2
    Electronic Resource
    Electronic Resource
    Estimating Multiproduct Cost Functions Over Time Using a Mixture of Normals (1999)
    Springer
    Journal of productivity analysis 11 (1999), S. 201-218 
    Details
    ISSN: 1573-0441
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This article proposes the use of finite mixtures of probability distributions to estimate cost functions. The mixture technique allows for the simultaneous existence and unobservability of multiple technologies of production. Technology switching by firms and conventional technical change can be studied directly. We illustrate the technique on a large sample of U.S. Savings and Loan companies, and find strong evidence of multiple technologies. We compare the mixture results to conventional stochastic cost frontier and thick frontier models, and highlight their differences.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1007736003616
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    Paper (German National Licenses)
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  • 3
    Electronic Resource
    Electronic Resource
    Bill Averaging Programs and Consumer Behavior: Theory and Evidence (1998)
    Springer
    Journal of regulatory economics 13 (1998), S. 19-35 
    Details
    ISSN: 1573-0468
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper examines consumer behavior under "bill smoothing," a common pricing program for utility customers where monthly payments are equalized over a one year cycle. First, we offer a theoretical model and conclude that bill smoothing is beneficial to consumers, but leads to exaggerated swings in usage over the yearly cycle. Second, we provide statistical evidence on the determinants of voluntary participation in bill smoothing programs by consumers; financial distress and high usage are less important than generally supposed. Finally, empirical tests of our theoretical model find that (i) participation increases overall consumption; and (ii) bill smoothing leads to exaggerated usage peaks and troughs, a result that could have implications for load management programs and general energy conservation.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1007934515138
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    Paper (German National Licenses)
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  • 4
    Electronic Resource
    Electronic Resource
    Financial aspects of motor carrier safety inspection performance (1992)
    Springer
    Review of industrial organization 7 (1992), S. 51-64 
    Details
    ISSN: 1573-7160
    Keywords: Motor carriers ; safety inspections
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper investigates the empirical relationships between the safety performances and the financial conditions and management forms of a group of motor carriers. Unlike previous work, we utilize cash flow analyses and random, comprehensive roadside safety inspection results to measure financial status and safety performance, respectively, thus avoiding many criticisms of previous studies. Several probit models are specified and estimated by the method of moments technique. The results strongly suggest that firm financial status is an important predictor of firm safety performance, that ‘closely-held’ firms exhibit substantially different behavior than other firms, that carriers respond to cargo-specific risks, and that some common safety inspection criteria seem to sensibly ‘measure’ safety.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00354846
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    Paper (German National Licenses)
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  • 5
    Electronic Resource
    Electronic Resource
    The medical community's opposition to organ markets: Ethics or economics? (1993)
    Springer
    Review of industrial organization 8 (1993), S. 669-678 
    Details
    ISSN: 1573-7160
    Keywords: Organ transplants ; monopsony
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract A severe shortage of cadaveric human organs for transplantation exists in the U.S. The obvious cause of this shortage is our current public policy which proscribes payment for such organs. Support for this policy and opposition to the formation of organ markets has been quite strong among transplant suppliers (both hospital and physician groups). This paper critically evaluates the ethical arguments advanced to buttress this policy position and presents an alternative economic explanation based upon profit-maximizing behavior. The model we develop is based upon monopsony in organ procurement with a kinked (and possibly discontinuous) organ supply function.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01024291
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    Paper (German National Licenses)
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  • 6
    Electronic Resource
    Electronic Resource
    Self-Protection in the expected-utility-of-wealth model: An impossibility theorem (1992)
    Springer
    The Geneva risk and insurance review 17 (1992), S. 147-158 
    Details
    ISSN: 1554-9658
    Keywords: Self-Protection ; Expected Utility
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract We investigate the possibility of ordering expected utility-of-wealth maximizers according to their propensities to purchase self-protection. We define one agent as “more cautious” than another (toward a loss of specific size given a specific initial wealth) if the first agent would spend more on self-protection than the other, so long- as the technological relationship between spending and loss probability belongs to a broad class of functions. We show that the expected-utility-of-wealth model does not allow for the possibility that one agent could be “more cautious” than another.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00962711
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    Paper (German National Licenses)
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