Narrow search
Showing 1 - 10 of 503
Cover Image
Dams
Duflo, Esther; Pande, Rohini - C.E.P.R. Discussion Papers - 2005
The construction of large dams is one of the most costly and controversial forms of public infrastructure investment in developing countries, but little is known about their impact. This paper studies the productivity and distributional effects of large dams in India. To account for endogenous...
Persistent link: https://www.econbiz.de/10005656412
Cover Image
Experimentation in Two-Sided Markets
Peitz, Martin; Rady, Sven; Trepper, Piers - C.E.P.R. Discussion Papers - 2011
We study optimal experimentation by a monopolistic platform in a two-sided market framework. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...
Persistent link: https://www.econbiz.de/10009371477
Cover Image
Choosing the Wrong Calling Plan? Ignorance, Learning, and Risk Aversion
Miravete, Eugenio J - C.E.P.R. Discussion Papers - 2000
. More importantly, the evidence shows that there exist important learning effects that induce tariff switching in order to …
Persistent link: https://www.econbiz.de/10005136773
Cover Image
Distribution & Growth in an Economy with Limited Needs
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001
This Paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005124380
Cover Image
Wages and Productivity Growth in a Dynamic Monopoly
Bester, Helmut; Petrakis, Emmanuel - C.E.P.R. Discussion Papers - 2001
time. Otherwise, it will gradually reduce its innovation effort over time and ultimately terminate production. Productivity …
Persistent link: https://www.econbiz.de/10005067455
Cover Image
Optimal Target Criteria for Stabilization Policy
Giannoni, Marc; Woodford, Michael - C.E.P.R. Discussion Papers - 2010
This paper considers a general class of nonlinear rational-expectations models in which policymakers seek to maximize an objective function that may be household expected utility. We show how to derive a target criterion that is: (i) consistent with the model's structural equations, (ii) strong...
Persistent link: https://www.econbiz.de/10008468673
Cover Image
Development Uncorked: Reputation Acquisition in the New Market for Chilean Wines in the UK
Macchiavello, Rocco - C.E.P.R. Discussion Papers - 2010
This paper studies learning effects in new markets using a panel of relationships between Chilean wineries and …. The evidence suggests that learning about wineries is an important determinant of the positive age effects on FOB prices … but also that learning takes considerably long time. Policy implications are discussed. …
Persistent link: https://www.econbiz.de/10008468665
Cover Image
To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda
Fischer, Greg; Karlan, Dean S.; McConnell, Margaret; … - C.E.P.R. Discussion Papers - 2014
model combining the learning aspect of experience goods with reference-dependent preferences, we setup a field experiment in … Northern Uganda in which three health products differing in their scope for learning were initially offered either for free or … for sale at market prices. In line with prior studies, when the product has potential for positive learning, we do not …
Persistent link: https://www.econbiz.de/10011083717
Cover Image
A Minimum of Rivalry: Evidence from Transition Economies on the Importance of Competition for Innovation and Growth
Carlin, Wendy; Schaffer, Mark E; Seabright, Paul - C.E.P.R. Discussion Papers - 2004
that influence innovation by firms and their subsequent growth. Our data come from a survey of nearly 4,000 firms in 24 … and opportunities for innovation, virtually every firm that emerged from central planning was maladapted to the new … competition in market economies. We find evidence of the importance of a minimum of rivalry in both innovation and growth: the …
Persistent link: https://www.econbiz.de/10005067370
Cover Image
Innovation and Trade in the Presence of Credit Constraints
Foellmi, Reto; Legge, Stefan; Tiemann, Alexa - C.E.P.R. Discussion Papers - 2015
This paper examines how trade liberalization affects investments in R&D at the firm level. In a model where entrepreneurs are heterogeneous in their wealth endowment, they rely differently on external funds. In the presence of capital market imperfections, this implies heterogeneous access to...
Persistent link: https://www.econbiz.de/10011165666