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Do WTO Members have More Liberal Trade Policy?

Rose, Andrew K - C.E.P.R. Discussion Papers - 2002

This Paper uses 67 measures of trade policy and trade liberalization to ask if membership in the World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) is associated with more liberal trade policy. Almost no measures of trade policy are significantly...

Persistent link: https://www.econbiz.de/10005662054

Specific Knowledge and Performance Measurement

Raith, Michael - C.E.P.R. Discussion Papers - 2004

This Paper examines optimal incentives and performance measurement in a setting where an agent has specific knowledge …

Persistent link: https://www.econbiz.de/10005504471

Performance Measurement with Loss Aversion

Gemmill, Gordon T; Hwang, Soosung; Salmon, Mark - C.E.P.R. Discussion Papers - 2005

We examine a simple measure of portfolio performance based on prospect theory, which captures not only risk and return … but also reflects differential aversion to upside and downside risk. The measure we propose is a ratio of gains to losses … price. When applying the loss-aversion performance measure to closed-end funds, we find that it gives significantly …

Persistent link: https://www.econbiz.de/10005114253

A General Test of Gaming

Courty, Pascal; Marschke, Gerald - C.E.P.R. Discussion Papers - 2004

by estimating the correlation between a performance measure and the true goal of the organization before and after the … measure has been activated. Our hypothesis is that gaming takes place if this correlation decreases with activation. Using …

Persistent link: https://www.econbiz.de/10005114434

Privatization and Quality: Evidence from Elderly Care in Sweden

Bergman, Mats; Johansson, Per; Lundberg, Sofia; … - C.E.P.R. Discussion Papers - 2014

Non-contractible quality dimensions are at risk of degradation when the provision of public services is privatized. However, privatization may increase quality by fostering performance-improving innovation, particularly if combined with increased competition. We assemble a large data set on...

Persistent link: https://www.econbiz.de/10011084097

Performance Measurement using Multiple Asset Class Portfolio Data

Blake, David; Lehmann, Bruce N; Timmermann, Allan G - C.E.P.R. Discussion Papers - 1997

Using a data set containing 364 UK pension funds’ asset holdings, this paper provides a systematic investigation of the performance of managed portfolios across multiple asset classes. We find surprisingly little cross-sectional variation in the ex-post average performance across the UK...

Persistent link: https://www.econbiz.de/10005666475

Curbing Cream-Skimming: Evidence on Enrolment Incentives

Courty, Pascal; Kim, Do Han; Marschke, Gerald - C.E.P.R. Discussion Papers - 2009

Using data from a large, U.S. federal job training program, we investigate whether enrolment incentives that exogenously vary the ‘shadow prices’ for serving different demographic subgroups of clients influence case workers’ intake decisions. We show that case workers enroll more clients...

Persistent link: https://www.econbiz.de/10005666832

Interpreting the 'One Big Wave' in US Long-Term Productivity Growth

Gordon, Robert J - C.E.P.R. Discussion Papers - 2000

mysterious doubling in the ratio of output to capital input when the postwar era is compared with 1870-1929. Measurement … the measurement of capital. A new MFP series taking account of all these adjustments grows more slowly throughout, and the …

Persistent link: https://www.econbiz.de/10005124204

The Mirage of Convergence: Why Poor Countries May Only Seem to Be Closing the Income Gap

Filer, Randall K; Hajkova, Dana; Hanousek, Jan - C.E.P.R. Discussion Papers - 2004

Replication of two recent studies of growth determinants shows that results are sensitive to the choice of data from which growth rates are calculated, especially with respect to whether economic convergence has occurred. Previous warnings against using data that has been adjusted to increase...

Persistent link: https://www.econbiz.de/10005656283

On the Measurement of Trade Costs: Direct vs. Indirect Approaches to Quantifying Standards and Technical Regulations

Chen, Natalie; Novy, Dennis - C.E.P.R. Discussion Papers - 2012

In this article, we review the literature on the measurement of trade costs in international trade with a special …

Persistent link: https://www.econbiz.de/10011083427