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China's Great Leap: Forward or Backward? Anatomy of a Central Planning Disaster
An, Mark Yuying; Li, Wei; Yang, Dennis Tao - C.E.P.R. Discussion Papers - 2001
The Great Leap Forward (GLF) disaster, characterized by a collapse of grain output, and the associated famine in China …
Persistent link: https://www.econbiz.de/10005789139
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The Weightless Economy in Economic Development
Quah, Danny - C.E.P.R. Discussion Papers - 1999
development. Evidence from the failed Industrial Revolution in 14th-century China illustrates the empirical relevance of the …
Persistent link: https://www.econbiz.de/10005791375
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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
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The Limits of Career Concerns in Federalism: Evidence from China
Persson, Petra; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2015
Performance-based promotion schemes in administrative hierarchies have limitations. Chinese provincial leaders, despite facing strong career concerns, make different policy decisions depending on their career backgrounds. Provincial party secretaries who rose from low to high positions within...
Persistent link: https://www.econbiz.de/10011165652
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The Market for Used Cars: A New Test of the Lemons Model
Emons, Winand; Sheldon, George - C.E.P.R. Discussion Papers - 2002
The lemons model assumes that owners of used cars have an informational advantage over potential buyers with respect to the quality of their vehicles. Owners of bad cars will try to sell them to unsuspecting buyers while owners of good cars will hold on to theirs. Consequently, the quality of...
Persistent link: https://www.econbiz.de/10005791940
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Qualitative Effects of Cash-For-Clunkers Programs
Miravete, Eugenio J; Rincón, Moral; J, Maria - C.E.P.R. Discussion Papers - 2009
We document how automobile scrappage incentives similar to the ‘2009 Car Allowance Rebate System’ (cars) may influence drivers’ tastes in favor of fuel-efficient automobiles. Between 1994 and 2000 the market share of diesel automobiles doubled after Spanish government sponsored two...
Persistent link: https://www.econbiz.de/10008577806
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Competition and Trust: Evidence from German Car Manufacturers
Felli, Leonardo; Koenen, Johannes; Stahl, Konrad - C.E.P.R. Discussion Papers - 2011
We explore the determinants and effects of trust relationships between upstream suppliers and downstream producers. Using unique survey data on individual supplier-buyer relationships in the German automotive industry, we show, by means of different measures of supplier-buyer trust, that higher...
Persistent link: https://www.econbiz.de/10008854478
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Quantifying the Effects from Horizontal Mergers in European Competition Policy
Ivaldi, Marc; Verboven, Frank - C.E.P.R. Discussion Papers - 2001
This Paper starts from a recent case studying how merger analysis in Europe may potentially be improved through simulation analysis. Starting from the product and geographic market definition in the Merger Decision, we formulate and estimate an oligopoly model with differentiated products. The...
Persistent link: https://www.econbiz.de/10005666636
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Consumer valuation of fuel costs and the effectiveness of tax policy: Evidence from the European car market
Grigolon, Laura; Reynaert, Mathias; Verboven, Frank - C.E.P.R. Discussion Papers - 2014
To what extent do car buyers undervalue future fuel costs, and what does this imply for the effectiveness of alternative tax policies? To address both questions, we show it is crucial to account for consumer heterogeneity in mileage and other dimensions. We use detailed product-level data for a...
Persistent link: https://www.econbiz.de/10011145447
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Reserve Price Effects in Auctions: Estimates from Multiple RD Designs
Choi, Syngjoo; Nesheim, Lars; Rasul, Imran - C.E.P.R. Discussion Papers - 2015
We present evidence from 260,000 online auctions of second-hand cars to identify the impact of public reserve prices on auction outcomes. We exploit multiple discontinuities in the relationship between reserve prices and vehicle characteristics to present causal RD estimates of reserve price...
Persistent link: https://www.econbiz.de/10011201354