Showing 1 - 10 of 102
. We take an implementation-theoretic approach and provide theoretical, empirical and experimental analyses of this problem …
Persistent link: https://www.econbiz.de/10009399707
implementation in the EU are determined. We find that (1) implemented budgetary adjustment falls systematically short of planned … by the implementation errors, (3) there is a limited role for "traditional" political variables, (4) stock … their implementation benefit from stronger national fiscal institutions. We emphasise also the importance of credible plans …
Persistent link: https://www.econbiz.de/10005041099
This paper analyzes how all-pay auctions with endogenous prizes can be used to provide effort incentives. We show that wide classes of effort distributions can be implemented as equilibrium outcomes of such games. We also ask how all-pay auctions have to be structured so as to induce high...
Persistent link: https://www.econbiz.de/10011084454
We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that …
Persistent link: https://www.econbiz.de/10009209829
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...
Persistent link: https://www.econbiz.de/10009221567
us to reject this view. In fact, a net capital inflow made possible to meet the demand for investment boosting economic …
Persistent link: https://www.econbiz.de/10008458296
This Paper documents four basic facts about investment goods and investment prices. First, investment has a very …, and transportation) are much less important for investment than for consumption. Third, the import content of investment …
Persistent link: https://www.econbiz.de/10005662174
Several alterantive scenarios for the economic integration of East and West Germany are analysed. They all share an amphasis of the rile of migration and labor mobility in this process. The effects of congestion costs, rigid wages, human capital and heterogeneity of migrants, and endogenous...
Persistent link: https://www.econbiz.de/10005662319
When new technologies become available, it is not only essential that firms have the correct investment incentives, but … often also that consumers make the proper usage decisions. This paper studies investment and usage in a shared ATM network …. Because all banks coordinate their ATM investment decisions, there is no strategic but only a pure cost-saving incentive to …
Persistent link: https://www.econbiz.de/10005662325
the provision of long-term finance. This approach suggests that the separation between the analysis of investment and that …
Persistent link: https://www.econbiz.de/10005666432