In: List Forum für Wirtschafts- und Finanzpolitik, 2021, vol. 46, no. 3, p. 359-377
Although COVID-19 pandemic has so far been assumed to have recessivedeflationary consequences due to the dramatic deterioration of economic forecasts worldwide, inflation risks cannot be excluded. What effects might result from the combination of billion-high liquidity injections and high decline in production levels as well as strict (and costly) security and protection requirements? And why...
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The purpose of this study is to analyse the cost structure of the Swiss Private Railways in order to assess economies of scale and density and the desirability of a merger policy in the regional railway sector. A translog cost function was estimated using panel data for a sample of 43 regional railways over the period 1990-1995. The results indicate the existence of economies of density for most...
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Switzerland (7.2 million inhabitants) is a federal State composed of 26 Cantons. Article 3 of the Federal Constitution grants large autonomy to the single cantons in the sectors which are not regulated directly by the constitution itself, among others the health and social care sector. The decision-making autonomy of the cantons in the field of health and social care for the elderly creates a...
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