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Industrial Organization and the New Industrial Policy
Audretsch, David B - C.E.P.R. Discussion Papers - 1998
advantage. The traditional instruments of industrial policy - anti-trust, regulation and public ownership - have correspondingly …
Persistent link: https://www.econbiz.de/10005136586
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Infrastructure and Public Utilities Privatization in Developing Countries
Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006
absence of a credible regulatory agency, regulation is achieved through public ownership. …
Persistent link: https://www.econbiz.de/10005124293
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Trade Policies and Development: Some New Issues
Rodrik, Dani - C.E.P.R. Discussion Papers - 1990
The 1980s have seen the beginnings of a change of heart among developing country policymakers, as the import-substitution consensus of the previous decade has all but evaporated. It is paradoxical that the 1980s should have become the decade of trade liberalization in LDCs, since this has also...
Persistent link: https://www.econbiz.de/10005281315
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Innovation and Competitive Pressure
Vives, Xavier - C.E.P.R. Discussion Papers - 2004
I analyse the effects of competition on R&D effort (in a non-tournament context) and obtain robust results that hold for a variety of market structures, including markets with and without barriers to entry and markets characterized by either price or quantity competition. The approach...
Persistent link: https://www.econbiz.de/10005791300
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The European Commission - Appointment, Preferences and Institutional Relations
Napel, Stefan; Widgrén, Mika - C.E.P.R. Discussion Papers - 2006
The paper analyses the appointment of the European Commission as a strategic game between members of the EU's Council of Ministers and the European Parliament. The focal equilibrium results in Commissioners that duplicate policy preferences of national Council representatives. Different internal...
Persistent link: https://www.econbiz.de/10005136464
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Political Conflict and Power-Sharing in the Origins of Modern Colombia
Mazzuca, Sebastián L; Robinson, James A - C.E.P.R. Discussion Papers - 2006
representation (PR), was the desire of the Conservative and Liberal parties to come up with a way of credibly dividing power to avoid … problem with majoritarian electoral institutions was that they did not allocate power in a way which matched the support of … with the rising support for socialism and the desire to divide power more broadly. Our findings shed new light on the …
Persistent link: https://www.econbiz.de/10005114374
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Towards a Legal Theory of Finance
Pistor, Katharina - C.E.P.R. Discussion Papers - 2012
where the survival of the system is at stake; that is, at its core. Here, power becomes salient. This helps explain why …
Persistent link: https://www.econbiz.de/10011084310
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Effect of Regulatory Constraints on Fund Performance: New Evidence from UCITS Hedge Funds
Joenväärä, Juha; Kosowski, Robert - C.E.P.R. Discussion Papers - 2015
We economically motivate and then test a range of hypotheses regarding performance and risk differences between UCITS-compliant and other hedge funds. The latter exhibit more suspicious return patterns than do absolute return UCITS (ARUs), but ARUs exhibit higher levels of operational risk. We...
Persistent link: https://www.econbiz.de/10011272713
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Investment and capital structure of partially private regulated firms
Cambini, Carlo; Spiegel, Yossi - C.E.P.R. Discussion Papers - 2011
We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that incorporates two key institutional features of the public utilities sector in many countries: firms are partially owned by the state and regulators are not necessarily...
Persistent link: https://www.econbiz.de/10009209829
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When bigger isn’t better: Bail outs and bank behaviour
Li, Han Hao; Miller, Marcus; Zhang, Lei - C.E.P.R. Discussion Papers - 2011
The traditional theory of commercial banking explains maturity transformation and liquidity provision assuming no asymmetric information and no excess profits. It captures the possibility of bank runs and business cycle risk; but it ignores the moral hazard problems connected with risk-taking by...
Persistent link: https://www.econbiz.de/10009320408