Narrow search
Showing 1 - 10 of 143
Cover Image
Optimal Patronage
Drugov, Mikhail - C.E.P.R. Discussion Papers - 2015
and applications include political groups, ethnicities, agents motivated by the work in the public sector and corruption … that patronage may be strictly positive in both of them. We also apply the second setting to the case of corruption. …
Persistent link: https://www.econbiz.de/10011145475
Cover Image
Media Freedom, Bureaucratic Incentives and the Resource Curse
Egorov, Georgy; Guriev, Sergei; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2006
How can a non-democratic ruler provide proper incentives for state bureaucracy? In the absence of competitive elections …
Persistent link: https://www.econbiz.de/10005123655
Cover Image
Bureaucracy as a Mechanism to Generate Information
Novaes, Walter; Zingales, Luigi - C.E.P.R. Discussion Papers - 2003
Paper argues that the thin line between efficient management practices and inefficient bureaucracy is crossed to curb … managerial agency costs in a multi-layer hierarchy. The model predicts that bureaucracy increases with the frequency of … managerial turnover, and it establishes a link between bureaucracy, incentive schemes, and leverage in a cross-section of firms. …
Persistent link: https://www.econbiz.de/10005504447
Cover Image
Entrepreneurial innovations and taxation
Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2012
Stimulating entrepreneurship is high on the policy agenda of many countries. We study the effects of tax policies on entrepreneurs’ choice of riskiness (quality) of an innovation project, and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset...
Persistent link: https://www.econbiz.de/10011083431
Cover Image
The Deep Pocket Effect of Internal Capital Markets
Boutin, Xavier; Cestone, Giacinta; Fumagalli, Chiara; … - C.E.P.R. Discussion Papers - 2009
This paper provides evidence that incumbents' access to group deep pockets has a negative impact on entry in product markets. Relying on a unique French data set on business groups, the paper presents three major findings. First, consistent with theoretical predictions, the amount of financial...
Persistent link: https://www.econbiz.de/10005791859
Cover Image
The European UMTS/IMT-2000 Licence Auctions
Jehiel, Philippe; Moldovanu, Benny - C.E.P.R. Discussion Papers - 2001
Europe has taken the global lead in the issuance of third generation (3G) licences for mobile telecommunications according to the UMTS/IMT-2000 family of standards. We survey the recent European UMTS licence auctions and compare their outcomes with the predictions of a simple auction model that...
Persistent link: https://www.econbiz.de/10005792176
Cover Image
Bank Competition and Enterprise restructuring in Transition Economies
Schnitzer, Monika - C.E.P.R. Discussion Papers - 1998
We investigate how bank competition affects the efficiency of credit allocation, using a model of spatial competition. Our analysis shows that bad loans are more likely the larger the number of banks competing for customers. We study further how many banks will be active if market entry is not...
Persistent link: https://www.econbiz.de/10005067568
Cover Image
Participation Games: Market Entry, Coordination and the Beautiful Blonde
Anderson, Simon P; Engers, Maxim - C.E.P.R. Discussion Papers - 2005
We find the Nash equilibria for monotone n-player symmetric games where each player chooses whether to participate. Examples include market entry games, coordination games, and the bar-room game depicted in the movie 'A Beautiful Mind'. The symmetric Nash equilibrium involves excessive...
Persistent link: https://www.econbiz.de/10005662078
Cover Image
Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections
Do, Quoc-Anh; Lee, Yen-Teik; Nguyen, Bang Dang - C.E.P.R. Discussion Papers - 2015
Using the regression discontinuity design of close gubernatorial elections in the U.S., we identify a significant and positive impact of the social networks of corporate directors and politicians on firm value. Firms connected to elected governors increase their value by 3.89%. Political...
Persistent link: https://www.econbiz.de/10011249372
Cover Image
Public Procurement and Rent-Seeking: The Case of Paraguay
Auriol, Emmanuelle; Flochel, Thomas; Straub, Stéphane - C.E.P.R. Discussion Papers - 2011
predictions along two main dimensions. First, corruption is more frequent in sectors where public institutions are large buyers …
Persistent link: https://www.econbiz.de/10008865969