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European Regional Policies in Light of Recent Location Theories

Puga, Diego - C.E.P.R. Discussion Papers - 2001

Despite large regional policy expenditures, regional inequalities in Europe have not narrowed substantially over the last two decades, and by some measures have even widened. Income differences across states have fallen, but inequalities between regions within each state have risen. European...

Persistent link: https://www.econbiz.de/10005124014

Infrastructure and Public Utilities Privatization in Developing Countries

Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006

The paper analyses governments’ trade-off between fiscal benefits and consumer surplus in privatization reforms of noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so that public subsidies decline. This benefit for...

Persistent link: https://www.econbiz.de/10005124293

Competition Enhancing Policies and Infrastructure: Evidence from Russia

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001

This Paper investigates whether the efficiency effect of product market dispersion is a function of the infrastructural and policy environment. We hypothesise that more developed transportation and communication infrastructure and lower government regulation may reduce transaction costs,...

Persistent link: https://www.econbiz.de/10005504465

Investment in the Absence of Property Rights: The Role of Incumbency Advantages

Konrad, Kai A. - C.E.P.R. Discussion Papers - 2001

In many situations the individuals who can generate some output must enter a contest for appropriating this output. This Paper analyses the investment incentives of such agents and the role of incumbency advantages in the contest. Depending on the advantages, an increase in the productivity of...

Persistent link: https://www.econbiz.de/10005656133

Optimal Transportation Policy with Strategic Locational Choice

Thisse, Jacques-François; Wildasin, David - C.E.P.R. Discussion Papers - 1994

This paper presents a model of strategic locational choice by duopolistic firms in an urban area where consumer locations are endogenous and where a public facility is exogenously fixed. A welfare analysis taking their strategic behaviour into account is conducted. It is shown that the firms'...

Persistent link: https://www.econbiz.de/10005662289

FDI, Infrastructure and the Welfare Effects of Labour Migration

Barry, Frank - C.E.P.R. Discussion Papers - 2002

A model of a small open economy with open capital and labour markets is presented. Labour demand is based on capital …

Persistent link: https://www.econbiz.de/10005662366

Maintenance, Utilization, and Depreciation along the Business Cycle

Collard, Fabrice; Kollintzas, Tryphon - C.E.P.R. Discussion Papers - 2000

number of work hours and then how to allocate workers between output production and capital maintenance. The model …In this paper we look at the behaviour of maintenance, utilization and physical depreciation over the business cycle …. We do so within the context of a real business cycle model where the decisions of firms about physical capital …

Persistent link: https://www.econbiz.de/10005124315

Complementing Bagehot: Illiquidity and insolvency resolution

Eijffinger, Sylvester C W; Nijskens, Rob - C.E.P.R. Discussion Papers - 2011

that is able to bail out the bank either by injecting capital at a fixed return or by receiving an equity claim. This …

Persistent link: https://www.econbiz.de/10009320403

Genuine Saving and the Voracity Effect

van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2008

depletion are faster than demanded by the Hotelling rule. As a result, the country substitutes away from resources to capital so …

Persistent link: https://www.econbiz.de/10005791473

International Financial Remoteness and Macroeconomic Volatility

Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2007

This paper shows that proximity to major international financial centers seems to reduce business cycle volatility. In particular, we show that countries that are further from major locations of international financial activity systematically experience more volatile growth rates in both output...

Persistent link: https://www.econbiz.de/10005792227