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The Political Economy of Deforestation in the Tropics

Burgess, Robin; Hansen, Matthew; Olken, Benjamin; … - C.E.P.R. Discussion Papers - 2012

Tropical deforestation accounts for almost one-fifth of greenhouse gas emissions worldwide and threatens the world's most diverse ecosystems. The prevalence of illegal forest extraction in the tropics suggests that understanding the incentives of local bureaucrats and politicians who enforce...

Persistent link: https://www.econbiz.de/10011084290

The Ownership of Ratings

Faure-Grimaud, Antoine; Peyrache, Eloïc; Quesada, Lucía - C.E.P.R. Discussion Papers - 2005

uncertain of their quality at the time of hiring a certification intermediary and if the decision to get a rating is not …

Persistent link: https://www.econbiz.de/10005067394

The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815-2007

Flandreau, Marc; Zendejas, Flores; Huitzilihuitl, Juan; … - C.E.P.R. Discussion Papers - 2009

liquidity and certification agencies to become aggressive competitors in a new speculative grade market. …

Persistent link: https://www.econbiz.de/10005034757

Umbrella Branding and External Certification

Hakenes, Hendrik; Peitz, Martin - C.E.P.R. Discussion Papers - 2007

convince consumers of the high quality of its products. Alternatively, a firm can rely on external certification of the quality … external certification. We also show that the potential to signal quality is improved if consumers condition their beliefs on … the source of information, namely whether information comes from external certification or from random detection. …

Persistent link: https://www.econbiz.de/10005661499

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 …--induced certification acts as an inspection device, whence seller--induced certification acts as a signalling device. Seller …--induced certification maximizes the certifier's profit and social welfare. This suggests the general principle that certification is, and …

Persistent link: https://www.econbiz.de/10008854541

Monnet's Error?

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2015

Entering a currency union without any political union European countries have taken a gamble: will the needs of the currency union force a political integration (as anticipated by Monnet) or will the tensions create a backlash, as suggested by Kaldor, Friedman and many others? We try to answer...

Persistent link: https://www.econbiz.de/10011266537

Do Food Scares Explain Supplier Concentration? An Analysis of EU Agri-food Imports

Cadot, Olivier; Jaud, Mélise; Suwa Eisenmann, Akiko - C.E.P.R. Discussion Papers - 2009

This paper documents a decreasing trend in the geographical concentration of EU agro-food imports. Decomposing the concentration indices into intensive and extensive margins components, we find that the decrease in overall concentration indices results from two diverging trends: the pattern of...

Persistent link: https://www.econbiz.de/10005014570

Self-employment of rural-to-urban migrants in China

Giulietti, Corrado; Ning, Guangjie; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2011

This paper focuses on the determinants of self-employment among rural to urban migrants in China. Two self-selection mechanisms are analysed: the first relates to the manner in which migrants choose self-employment or paid work based on the potential gains from either type of employment; the...

Persistent link: https://www.econbiz.de/10009205061

Price, Wage and Employment Response to Shocks: Evidence from the WDN Survey

Bertola, Giuseppe; Dabusinskas, Aurelijus; Hoeberichts, … - C.E.P.R. Discussion Papers - 2010

This paper analyses information from survey data collected in the framework of the Eurosystem’s Wage Dynamics Network (WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in...

Persistent link: https://www.econbiz.de/10008468574

EMU, EU, capital market integration and consumption smoothing

Christev, Atanas; Melitz, Jacques - C.E.P.R. Discussion Papers - 2010

This empirical study of the impact of EMU on capital market integration and consumption smoothing comes to three conclusions: first, EMU promotes members’ holdings of foreign assets and foreign liabilities; second, no benefits of consumption smoothing result; third, EU membership, not a single...

Persistent link: https://www.econbiz.de/10008468696