Abstract Convention, in the setting of interjurisdictional economic competition, envisions a race-to-the-bottom when decentralized jurisdictions, in their eagerness to attract commerce, introduce policies to reduce business costs in the form of tax structures that under-provide local public goods and lax pollution standards that lower environmental quality. The current body of empirical evidence, however, does not provide compelling support for the race within the context of environmental federalism. The theoretical work presented herein debits the inventory of literature questioning the race-to-the-bottom claim by introducing agglomeration forces into the standard model. When agglomeration influences are weak to moderate, the race is still on. Conversely, when agglomeration forces are strong, fiscal competition influences are mitigated therefore providing jurisdiction's incentives to strengthen local environmental standards. JEL classification numbers: H73, R12, R30. Keywords: Environmental federalism, Interjurisdictional competition, External economies of scale.
AbstractCorporate accelerators have become an important form of corporate-start-up collaboration. According to [1] mm1 (consultancy for Connected Business), two-thirds of all DAX 30 companies in Germany engaged with start-ups via an accelerator in the year 2020. Despite the clear importance of this phenomenon, there is still a lack of understanding of the concrete factors that determine their success. Corporate accelerators can be designed in different ways but business executives are still in the dark about the consequences of these design decisions on the performance. The aim of present study is to determine success factors of a selected set of corporate accelerators based on qualitative data. A database of 109 corporate accelerators was collected from which all Germany based programs (28) were analysed in greater detail regarding their performance and program design. Hereby, the study tests the statistical relevance of 14 potential success factors identified via literature review conducted on the matter. The results show that especially five factors have a significant positive correlation to a corporate accelerators success: The existence of corporate partners. A demanding selection process that contains selection days for shortlisted start-ups. A larger amount of start-ups per batch. The obligation for start-ups to be physically present in the facilities for the time of the program (Pre Covid19).The incorporation of metrics to track the progress of participating start-ups. JEL classification numbers: O31.Keywords: Acceleration programs, Corporate acceleration, Corporate entrepreneurship, start-ups, Corporate incubators.
Abstract The intuitive nature of signaling theory in part helps explain its pervasiveness. The usefulness of a signal depends on the extent to which the signal corresponds with the sought after quality of the signaler. Herein, we examine a singular quality signal from the beer industry-winning a coveted Great American Beer Festival (GABF) medal. To provide an assessment of the quantitative impact of winning a GABF medal, this paper exploits a unique and expansive unbalanced panel of time-series, cross-section data from 1989-2012. Firm specific production changes are merged with the GABF medal winner database. Results from a two-way fixed-effects specification finds no significant relationship between winning a GABF medal or medals and changes in a brewery's output. Interestingly, it appears that the GABF quality signal applies more to the brewer than the brewery. JEL classification numbers: D12, L81, M31. Keywords: Quality signals, production, information asymmetry.
Abstract Professional teams are commercial and recreational organizations, and team managers always set their goals to be playing well and benefitting more in a highly competitive environment. In order to measure the ability of the professional teams to make reasonable use of resources and create various outputs, this study employs the Data Envelopment Analysis (DEA) model to measure the efficiencies of 30 Major League Baseball (MLB) teams. The results showed that the inefficiencies were due to pure technical inefficiencies rather than scale effects, and the scale efficiency on average is more higher than the other efficiencies, applying the managers in the Major League Baseball Teams have higher ability of controlling the scale change. Keywords: Major League Baseball, Data Envelopment Analysis, Technical efficiency, Pure technical efficiency, Scale efficiency.
Abstract The purpose of this article is to compare Greek coastal shipping and aviation industry immediately after their liberalization. It focuses mainly on fare configuration analysis of domestic and global aviation to compare the conclusions with Greek coastal market. This is an innovative approach as there has been no such research effort on this issue in the past. The importance of our analysis lies to a large extent in exploring the improvement or deterioration of passenger services for the two modes of transport following the lifting of cabotage privilege. It can be a yardstick for those researchers who want to know in advance what could happen in the first years of liberalization in a transport industry. The analysis results show that the institutional framework and the economic market conditions in two industries characterized by both similarities and differences. JEL classification numbers: R40, M21, L50. Keywords: Global and European Aviation, Greek coastal shipping, Market liberalization, Lifting of cabotage privilege, Fares, Passenger service.
