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Imperfect Tests and Natural Insurance Monopolies

Emons, Winand - C.E.P.R. Discussion Papers - 1997

This paper considers a housing insurance market in which buildings have different damage probabilities. Insurers use imperfect tests to find out about buildings’ damage types. The insurance market is a natural monopoly. If more than one insurer is active, high risk house owners continue to...

Persistent link: https://www.econbiz.de/10005123854

Government Outsourcing: Public Contracting with Private Monopoly

Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006

The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation. The government maximizes total surplus but incurs some cost of public funds à la Laffont and Tirole (1993). An alternative to regulation is proposed in which firms are free...

Persistent link: https://www.econbiz.de/10005067470

The Generalized War of Attrition

Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 1997

We generalize the War of Attrition model to allow for N+K firms competing for N prizes. Two special cases are of particular interest. First, if firms continue to pay their full costs after dropping out (as in a standard-setting context), each firm’s exit time is independent both of K and of...

Persistent link: https://www.econbiz.de/10005656154

A Theory of BOT Concession Contracts

Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2011

In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries entice...

Persistent link: https://www.econbiz.de/10008921773

Labour Supply in the Informal Economy in Russia during Transition

Kolev, Alexandre - C.E.P.R. Discussion Papers - 1998

This paper investigates the informal labour market in Russia in late 1995 and estimates a labour supply function in the …

Persistent link: https://www.econbiz.de/10005662130

Opportunistic Political Cycles: Test in a Young Democracy Setting

Akhmedov, Akhmed; Ravitchev, Alexei; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2003

-old democracy – Russia. We find strong evidence of very short opportunistic political cycles and provide evidence and explanation … why many previous attempts to find evidence failed. Using a comprehensive list of Russia's regional elections and regional …

Persistent link: https://www.econbiz.de/10005662200

Russian Enterprises in Transition

Cohen, Daniel; de Boissieu, Christian; de Pontbriand, Gaël - C.E.P.R. Discussion Papers - 1995

The paper examines the behaviour of 100 firms interviewed regularly between 1993-4. It reaches the following conclusions:1) Following the inter-enterprise debt (IED) crisis of 1992, most firms have switched to a `pay-in-advance' system, which pushed firms towards a `hard budget constraint'...

Persistent link: https://www.econbiz.de/10005662263

Reassessing the Standard of Living in the Soviet Union: An Analysis Using Archival and Anthropometric Data

Brainerd, Elizabeth - C.E.P.R. Discussion Papers - 2006

Both Western and Soviet estimates of GNP growth in the USSR indicate that GNP per capita grew in every decade - sometimes rapidly - from 1928 to 1985. While this measure suggests that the standard of living improved in the USSR throughout this period, it is unclear whether this economic growth...

Persistent link: https://www.econbiz.de/10005666434

Gross Job Flows in Russian Industry Before and After Reforms: Has Destruction Become More Creative?

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001

This Paper uses 1985-99 manufacturing census data for old Russian enterprises to calculate the magnitude and productivity effects of gross job flow rates before and after reforms. Job creation was low throughout the period in this sector, but increased slightly during the transition, while job...

Persistent link: https://www.econbiz.de/10005666804

Russia's European Economic Integration: Escapism and Realities

Hamilton, Carl B - C.E.P.R. Discussion Papers - 2003

Both Russia and the EU are undertaking significant changes in foreign trade relations. Russia seeks WTO accession and … relationship can EU and Russia develop? The Paper analyses the asymmetric trade structure, the unstable and confused trade relation …, as well as both form and content of EU’s and Russia’s options for the future. Conclusions are e.g. that (i) present EU …

Persistent link: https://www.econbiz.de/10005667019