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Overman, Henry G; Rice, Patricia; Venables, Anthony J - C.E.P.R. Discussion Papers - 2008

We develop a diagrammatic framework that can be used to study the economic linkages between regions or cities. Hitherto, such linkages have not been the primary focus of either the theoretical or empirical literatures. We use the framework to analyse the impact of shocks that occur in one region...

Persistent link: https://www.econbiz.de/10005666755

Agglomeration and the Adjustment of the Spatial Economy

Combes, Pierre-Philippe; Duranton, Gilles; Overman, Henry G - C.E.P.R. Discussion Papers - 2005

We consider the literatures on urban systems and New Economic Geography to examine questions concerning agglomeration and how areas respond to shocks to the economic environment. We first propose a diagrammatic framework to compare the two approaches. We then use this framework to study a number...

Persistent link: https://www.econbiz.de/10005791290

An empirical analysis of cellular demand in South Africa

Gasmi, Farid; Ivaldi, Marc; Recuero Virto, Laura - C.E.P.R. Discussion Papers - 2009

We analyze demand for prepaid cellular voice and short message service (SMS) in South Africa by means of a demand-and-supply structural model based on a multinomial specification fitted to a cross-sectional data set on Vodacom customers collected in 2005. We find that consumers are very...

Persistent link: https://www.econbiz.de/10005114282

Penalty Shoot-Outs: Before or After Extra Time?

Carrillo, Juan D - C.E.P.R. Discussion Papers - 2006

This paper proposes a rule to determine the winner of a soccer match which is different from the traditional penalty shoot-outs at the end of extra time. We show that games can be more attractive if penalties are shot before extra time and the outcome counts only if the tie is preserved during...

Persistent link: https://www.econbiz.de/10005662167

The Brain as a Hierarchical Organization

Brocas, Isabelle; Carrillo, Juan D - C.E.P.R. Discussion Papers - 2005

We model the brain as a multi-agent organization. Based on recent neuroscience evidence, we assume that different systems of the brain have different time-horizons and different access to information. Introducing asymmetric information as a restriction on optimal choices generates endogenous...

Persistent link: https://www.econbiz.de/10005662301

Reason, Emotion and Information Processing in the Brain

Brocas, Isabelle; Carrillo, Juan D - C.E.P.R. Discussion Papers - 2007

Building on evidence from neurobiology and neuroscience, we model the physiological limitations faced by individuals in the process of decision-making that starts with sensory perception and ends in action selection. The brain sets a neuronal threshold, observes whether the neuronal cell firing...

Persistent link: https://www.econbiz.de/10005656356

Mitigating long-run health effects of drought: Evidence from South Africa

Dinkelman, Taryn - C.E.P.R. Discussion Papers - 2014

Drought is Africa’s primary natural disaster and a pervasive source of income risk for poor households. This paper … documents the long-run health effects of early life exposure to drought and investigates an important source of heterogeneity in … these effects. Combining birth cohort variation in South African Census data with cross-sectional and temporal drought …

Persistent link: https://www.econbiz.de/10011083817

Private States and the Enforcement of Property Rights - Theory and Evidence on the Origins of the Sicilian Mafia

Bandiera, Oriana - C.E.P.R. Discussion Papers - 2002

) it is optimal for each landowner to voluntarily buy protection even if this results in a worse equilibrium for the … based on the fact that protection involves an externality because by buying protection each landowner deflects thieves on … others’ properties. Because of the externality, for each landlord protection is more valuable if they are one of the few to …

Persistent link: https://www.econbiz.de/10005662056

Departure from Free Trade: A Survey

Hillman, Arye L. - C.E.P.R. Discussion Papers - 2003

This Paper surveys the ways in which departures from free trade have been treated in economic analysis. Normative theories linked to classical arguments have shown how departure from free trade can enhance efficiency and increase social welfare. Positive perspectives with links to...

Persistent link: https://www.econbiz.de/10005666913

Russia's European Economic Integration: Escapism and Realities

Hamilton, Carl B - C.E.P.R. Discussion Papers - 2003

Both Russia and the EU are undertaking significant changes in foreign trade relations. Russia seeks WTO accession and the EU has concluded negotiations enlarging the union with ten new members. Against this background, what economic relationship can EU and Russia develop? The Paper analyses the...

Persistent link: https://www.econbiz.de/10005667019