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Price Regulation, Investment and the Commitment Problem

Levine, Paul L; Rickman, Neil - C.E.P.R. Discussion Papers - 2002

We consider a dynamic model of price regulation with asymmetric information where strategic delegation is available to the regulator. Firms can sink non- contractible, cost-reducing investment but regulators cannot commit to future price levels. We fully characterize the Perfect Bayesian...

Persistent link: https://www.econbiz.de/10005124103

Economic Conditions in Early Modern Bengal: A Contribution to the Divergence Debate

Roy, Tirthankar - C.E.P.R. Discussion Papers - 2009

The paper contributes to the debate on relative levels of living in the early modern world by estimating the income of and probable range of income growth in Bengal before European colonization. The exercise yields two conclusions, (a) average income in Bengal was significantly smaller than that...

Persistent link: https://www.econbiz.de/10008577812

Income and schooling

Brückner, Markus; Gradstein, Mark - C.E.P.R. Discussion Papers - 2013

Whereas existing literature has documented strong correlations between national incomes and measures of schooling attainment, causality has been hard to pin down. Much of empirical work had tended to interpret these correlations as implying an effect of human capital on national income, but...

Persistent link: https://www.econbiz.de/10011083727

Measuring the Transformation of the European Economies: Income, Health and Welfare

Floud, Roderick - C.E.P.R. Discussion Papers - 1984

The measurement of national income has added greatly to our understanding of economic and social change in Europe over the past hundred years. But national income analysis does not take full account of changes in welfare and particularly of the causes and effects of long-term changes in the...

Persistent link: https://www.econbiz.de/10005666852

Cultural and Institutional Bifurcation: China and Europe Compared

Greif, Avner; Tabellini, Guido - C.E.P.R. Discussion Papers - 2010

How to sustain cooperation is a key challenge for any society. Different social organizations have evolved in the course of history to cope with this challenge by relying on different combinations of external (formal and informal) enforcement institutions and intrinsic motivation. Some societies...

Persistent link: https://www.econbiz.de/10008468568

Family Ties and Organizational Design: Evidence from Chinese Private Firms

Cai, Hongbin; Li, Hongbin; Park, Albert; Zhou, Li-An - C.E.P.R. Discussion Papers - 2010

Analyzing data from a unique survey of managers of Chinese private firms, we investigate how family ties with firm heads affect managerial compensation and job assignment. We find that family managers earn higher salaries and receive more bonuses, hold higher positions, and are given more...

Persistent link: https://www.econbiz.de/10008468597

Community-based Development and Poverty Alleviation: An Evaluation of China’s Poor Village Investment Program

Park, Albert; Wang, Sangui - C.E.P.R. Discussion Papers - 2010

We conduct the first systematic evaluation of the world’s largest community-based development program--China’s flagship …

Persistent link: https://www.econbiz.de/10008468658

The Institutional Foundations of China’s Reforms and Development

Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010

China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look … ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper … analyses China’s institution - a regionally decentralized authoritarian system. The central government has control over …

Persistent link: https://www.econbiz.de/10008468688

A Macro-Theoretic Model of the Chinese Economy

Dixon, Huw David - C.E.P.R. Discussion Papers - 1996

A stylized model of the Chinese economy is developed with three production sectors: agriculture, non-traded industrial goods, and industrial exports. The state purchases food from farmers by dual-track pricing; urban food sales are subsidized through ration coupons. Marginal prices clear markets...

Persistent link: https://www.econbiz.de/10005123495

Can You Teach Old Dragons New Tricks? FDI and Innovation Activity in Chinese State-Owned Enterprises

Girma, Sourafel; Gong, Yundan; Görg, Holger - C.E.P.R. Discussion Papers - 2006

We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by Chinese State owned enterprises (SOEs). We use a comprehensive firm level panel data set of Chinese SOEs covering the period 1999 to 2003. Our results show that foreign capital...

Persistent link: https://www.econbiz.de/10005123532