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Testing the "Waterbed" Effect in Mobile Telephony
Genakos, Christos D.; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2009
This paper examines the impact of regulatory intervention to cut termination rates of calls from fixed lines to mobile phones. Under quite general conditions of competition, theory suggests that lower termination charges will result in higher prices for mobile subscribers, a phenomenon known as...
Persistent link: https://www.econbiz.de/10008502574
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Two is Company, N is a Crowd? Merchant Guilds and Social Capital
Dessí, Roberta; Piccolo, Salvatore - C.E.P.R. Discussion Papers - 2009
Local merchant guilds were ubiquitous in medieval Europe, and their development was inextricably linked with the development of towns and the rise of the merchant class. We develop a theory of the emergence of local merchant guilds as an efficient mechanism to implement collusion among merchants...
Persistent link: https://www.econbiz.de/10004976786
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Estimating the Effects of Tax Reform in Differentiated Product Oligopolistic Markets
Fershtman, Chaim; Gandal, Neil; Markovich, Sarit - C.E.P.R. Discussion Papers - 1999
The incidence of taxation and the design of an optimal tax system have been extensively discussed in the public finance literature but mainly within a competitive market setting or within a homogenous good (Cournot type) oligopoly. In a differentiated product oligopoly, the effect of taxation...
Persistent link: https://www.econbiz.de/10005504481
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Effects of Deregulation and Vertical Unbundling on the Performance of China's Electricity Generation Sector
Gao, Hang; Van Biesebroeck, Johannes - C.E.P.R. Discussion Papers - 2011
productivity in the generation segment of the industry. Controlling explicitly for sources of price-heterogeneity across firms and …
Persistent link: https://www.econbiz.de/10009385757
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Does Services Liberalization Benefit Manufacturing Firms?
Arnold, Jens; Javorcik, Beata; Mattoo, Aaditya - C.E.P.R. Discussion Papers - 2006
productivity of manufacturing industries relying on services inputs. The results, based on firm-level data from the Czech Republic …
Persistent link: https://www.econbiz.de/10005792056
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Services Reform and Manufacturing Performance: Evidence from India
Arnold, Jens; Javorcik, Beata; Lipscomb, Molly; Mattoo, … - C.E.P.R. Discussion Papers - 2010
services. The link between these reforms and the productivity of manufacturing firms is examined using panel data for about 4 … significant positive effects on the productivity of manufacturing firms. Services reforms benefited both foreign and locally … index of services liberalization resulted in a productivity increase of 11.7 percent for domestic firms and 13.2 percent for …
Persistent link: https://www.econbiz.de/10008642887
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The Burden and Disincentive Effects of Hungarian Personal Taxes 1988-96
Newbery, David M G; Revesz, Tamas - C.E.P.R. Discussion Papers - 1997
The paper analyses the revenue-raising, distributional and incentive effects of the personal tax system in Hungary from …
Persistent link: https://www.econbiz.de/10005789193
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Productivity and Taxes as Drivers of FDI
Razin, Assaf; Sadka, Efraim - C.E.P.R. Discussion Papers - 2007
We study the role of productivity and corporate taxation as driving forces of FDI among OECD countries in the presence …, suggest that there are marked differences in the sensitivity of FDI flows from the U.S. to productivity and taxes in OECD … FDI flows among 18 OECD countries over the period 1987 to 2003.The sensitivity of these flows to productivity in the U …
Persistent link: https://www.econbiz.de/10005114202
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Entry Mistakes
Cabral, Luís M B - C.E.P.R. Discussion Papers - 1997
Frequently, aspiring entrants have only limited information about their potential rivals’ entry decisions. As a result, the outcome of the entry game may be that more firms enter than the market can sustain; or, at least, that unnecessary entry investments are made. We refer to these outcomes...
Persistent link: https://www.econbiz.de/10005662244
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The Theory of Access Pricing: an Overview for Infrastructure Regulators
Estache, Antonio; Valletti, Tommaso - C.E.P.R. Discussion Papers - 1999
The paper provides policymakers and regulators with an overview of the more relevant theoretical issues related to the pricing of access to ensure that the political debate around practical concerns is solidly grounded. The paper discusses in detail the importance of access pricing in the...
Persistent link: https://www.econbiz.de/10005666499