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procedures used in practice, namely a quasilinear scoring auction and negotiation. Specifically, we characterize an upper bound … to what a quasilinear scoring auction and negotiation can achieve, and compare the performance of these procedures … numerically. Quasilinear scoring auctions are able to extract a good proportion of the surplus from being strategic. Negotiation …
Persistent link: https://www.econbiz.de/10005123964
Following the rationale for regional redistribution programmes described in the official documents of the European Union, this Paper studies a very simple multi-country model built around two regions: a core and a periphery. Technological spillovers link firms’ productivity in each of the two...
Persistent link: https://www.econbiz.de/10005662349
This Paper examines city formation in a country whose urban population is growing steadily over time, with new cities required to accommodate this growth. In contrast to most of the literature there is immobility of housing and urban infrastructure, and investment in these assets is taken on the...
Persistent link: https://www.econbiz.de/10005788954
Taking both the enlargement process, as currently defined by the EU, and the structural funds as a given, this Paper examines what is the best way for candidate countries to fuel real convergence. The experience from earlier EU enlargements and current economic conditions within the CEEC10...
Persistent link: https://www.econbiz.de/10005789211
This paper is concerned with the influence of agglomeration economies on economic outcomes across British regions. The concentration of economic activity in one place can foster economic performance due to the reduction in transportation costs, the ready availability of customers and suppliers,...
Persistent link: https://www.econbiz.de/10005791212
This Paper uses bilateral trade data for OECD countries at the 3-digit industry level to investigate the geography of intra-industry trade (IIT). IIT diminishes with distance and much of the existing empirical literature suggests that this is an inherent characteristic of such trade, arguing...
Persistent link: https://www.econbiz.de/10005791742
This Paper aims to explain the spatial variations of crime, both between and within cities. Two types of mechanisms are put forward: social interactions that stipulate that an individual is more likely to commit crime if his peers commit than if they do not commit crime; and distance to jobs that...
Persistent link: https://www.econbiz.de/10005791856
Incorporating space in economic models has two important consequences. First, the hypothesis of perfect competition becomes untenable, and second, the distinction between private and public goods becomes blurred. We review arguments that lead to these conclusions and summarize recent work...
Persistent link: https://www.econbiz.de/10005791949
This Paper uses NUTS3 sub-regional data for Great Britain to analyse the determinants of spatial variations in income and productivity. We decompose the spatial variation of earnings into a productivity effect and an occupational composition effect. For the former (but not the latter) we find a...
Persistent link: https://www.econbiz.de/10005792018
In this paper we analyse vertical industry linkages, and the extent to which these work as channels for externalities. First, we test for activity-based externalities stemming from output growth and output level in vertically linked industries. Second, we aim at revealing the importance of a...
Persistent link: https://www.econbiz.de/10005792019