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The Allocation of European Union Allowances. Lessons, Unifying Themes and General Principles

Buchner, Barbara; Carraro, Carlo; Ellerman, A Denny - C.E.P.R. Discussion Papers - 2006

This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme … lessons and general principles to be learnt from the allocation of allowances in the European Union Emission Trading Scheme … allocation process and on what are the global implications of the EU ETS. As has become obvious during the first allocation phase …

Persistent link: https://www.econbiz.de/10005667060

Optimal Capital Allocation Using RAROC And EVA

Stoughton, Neal; Zechner, Josef - C.E.P.R. Discussion Papers - 1999

This paper analyzes financial institutions' capital allocation decisions when their required equity capital depends on … can be delegated through an economic value added (EVA) compensation contract and solve for the optimal capital allocation …

Persistent link: https://www.econbiz.de/10005661956

Deregulation of Business

Yakovlev, Evgeny; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2007

What determines the enforcement of deregulation reform of business activities? What are the outcomes of deregulation? We address these questions using an episode of a drastic reform in Russia between 2001 and 2004 which liberalized registration, licensing, and inspections. Based on the analysis...

Persistent link: https://www.econbiz.de/10005667109

What to Expect from Regional and Multilateral Trade Negotiations: A Public Choice Perspective

Hoekman, Bernard; Leidy, Michael P - C.E.P.R. Discussion Papers - 1993

It is commonly observed that international trade negotiations repeatedly fail to achieve outcomes that would appear to satisfy the criteria of efficiency and mutual advantage. It can be argued that this is due principally to the influence of interest groups. This paper develops an analytical...

Persistent link: https://www.econbiz.de/10005791235

Labor policies and capital mobility in theory and in EMU

Bertola, Giuseppe - C.E.P.R. Discussion Papers - 2014

"Race-to-the-bottom" deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern is...

Persistent link: https://www.econbiz.de/10011084628

A Democratic Model of the `Rent-Sought' Benefit Cycle

Beenstock, Michael - C.E.P.R. Discussion Papers - 1989

Lobby groups press for various administrative concessions which are granted at the expense of the rest of society. This paper tries to explain why sometimes the rest of society does not prevent the lobbies from exploiting them while at other times it protests against the injustice. It also...

Persistent link: https://www.econbiz.de/10005656374

Interjurisdictional Competition and the Efficiency of the Public Sector: The Triumph of the Market over the State?

Rauscher, Michael - C.E.P.R. Discussion Papers - 1997

It has been argued in the literature that interjurisdictional competition forces the public sector to increase its efficiency and thus helps to tame Leviathan governments. The paper addresses this hypothesis by means of a simple tax-competition model with a Leviathan state. It is seen that the...

Persistent link: https://www.econbiz.de/10005661777