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Venture Capital, Patenting, and Usefulness of Innovations
Fabrizi, Simona; Lippert, Steffen; Norbäck, Pehr-Johan; … - C.E.P.R. Discussion Papers - 2011
clauses would reduce such excessive, signaling-driven investment and patenting intensity. …
Persistent link: https://www.econbiz.de/10009643508
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Health provider networks, quality and costs
Boone, Jan; Schottmüller, Christoph - C.E.P.R. Discussion Papers - 2015
We provide a modeling framework to think about selective contracting in the health care sector. Two health care providers differ in quality and costs. When buying health insurance, consumers observe neither provider quality nor costs. We derive an equilibrium where health insurers signal...
Persistent link: https://www.econbiz.de/10011165660
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Location as a Signal of Quality
Vettas, Nikolaos - C.E.P.R. Discussion Papers - 1999
We examine a horizontal product differentiation duopoly model where firms are also differentiated with respect to the quality of their products. Firms first choose their locations (or product characteristics) and then compete in prices. Under full information, it is shown that, whereas the...
Persistent link: https://www.econbiz.de/10005114216
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Incumbency Advantage in Non-Democracies
Egorov, Georgy; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2014
In elections that take place in a less-than-perfect democracy, incumbency advantages are different from those in mature democracies. The incumbent can prevent credible challengers from running, organize vote fraud, or even physically eliminate the main opponents. At the same time, formally...
Persistent link: https://www.econbiz.de/10011084133
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Signaling in Tender Offer Games
Burkart, Mike; Lee, Samuel - C.E.P.R. Discussion Papers - 2010
gains in security benefits, signaling equilibria are subject to a constraint that is absent from bilateral trade models: The …. Dilution, debt financing, and toeholds are viable signaling devices because they imply private benefits that depend on security … benefits in a predictable manner. In these signaling equilibria, lower-valued types must forgo a larger fraction of their …
Persistent link: https://www.econbiz.de/10008466346
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Returns to Regionalism: An Evaluation of Non-traditional Gains from RTAs
Fernández, Raquel - C.E.P.R. Discussion Papers - 1997
The last decade has witnessed an explosion in the number of regional trade agreements (RTAs). There seems to be a general, if ill-defined, belief on the part of many policy-makers, and among some academics as well, that there is more to an RTA then the traditional gains from trade. This paper...
Persistent link: https://www.econbiz.de/10005666552
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The Olympic Effect
Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2009
Economists are skeptical about the economic benefits of hosting "mega-events" such as the Olympic Games or the World Cup, since such activities have considerable cost and seem to yield few tangible benefits. These doubts are rarely shared by policy-makers and the population, who are typically...
Persistent link: https://www.econbiz.de/10005788959
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Who Should Pay for Certification?
Stahl, Konrad; Strausz, Roland - C.E.P.R. Discussion Papers - 2011
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer --- the seller --- follows from a non--trivial analysis revealing a clear intuition. Buyer--induced certification acts as an inspection device, whence...
Persistent link: https://www.econbiz.de/10008854541
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The arrival of cheap goods: Measuring the impact of Chinese import competition on Nordic prices
Auer, Raphael; Fischer, Andreas M; Kropf, Andreas - C.E.P.R. Discussion Papers - 2011
What is the impact of Chinese import competition on Nordic producer prices? In a panel covering 23 (2 digit) NACE manufacturing sectors from 1995 to 2008, instrumental variable estimations predict that when Chinese imports capture a 1% increase in market share, Nordic producer prices decrease by...
Persistent link: https://www.econbiz.de/10009275961
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Tear Down this Wall: On the Persistence of Borders in Trade
Nitsch, Volker; Wolf, Nikolaus - C.E.P.R. Discussion Papers - 2009
evolution of intra-German trade flows after reunification then provides new insights for both the globalization and border …
Persistent link: https://www.econbiz.de/10008496456