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Determinants of International Migration: Empirical Evidence for Migration from Developing Countries to Germany

Rotte, Ralph; Vogler, Michael - C.E.P.R. Discussion Papers - 1998

international migration from developing to developed countries. In addition, we look at the relationship between trade, development … and migration. Empirical studies focusing on international migration from Less Developed Countries (LDCs) are, so far …, very scarce. In this paper, we utilize a new dataset that is based on migration to Germany from 86 African and Asian …

Persistent link: https://www.econbiz.de/10005792254

Can Market Failure Cause Political Failure

Aney, Madhav; Ghatak, Maitreesh; Morelli, Massimo - C.E.P.R. Discussion Papers - 2011

We study how inefficiencies of market failure may be further amplified by political choices made by interest groups created in the inefficient market. We take an occupational choice framework, where agents are endowed heterogeneously with wealth and talent. In our model, market failure due to...

Persistent link: https://www.econbiz.de/10009246601

Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production

Antràs, Pol - C.E.P.R. Discussion Papers - 2011

I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the implementation of the theory in open-economy environments and its implications for the international organization of production and the structure of international trade flows. I...

Persistent link: https://www.econbiz.de/10009320400

Global Sourcing of a Complex Good

Van Biesebroeck, Johannes; Zhang, Lijun - C.E.P.R. Discussion Papers - 2011

We analyze a firm that produces a final good from multiple intermediates that can each be sourced domestically or from a low-wage country. The model explicitly incorporates that sourcing decisions of intermediates are interdependent. Equilibrium predictions depend crucially on a key modeling...

Persistent link: https://www.econbiz.de/10009324256

Information and the Optimal Ownership Structure of Firms

Matouschek, Niko - C.E.P.R. Discussion Papers - 2002

I develop a property rights theory of the firm in which managers bargain over the sharing of quasi-rents in the presence of private information. I analyse the interdependence between the ownership structure of firms and the bargaining inefficiency that is due to the presence of private...

Persistent link: https://www.econbiz.de/10005662109

The Origins of State Capacity: Property Rights, Taxation, and Politics

Besley, Timothy J.; Persson, Torsten - C.E.P.R. Discussion Papers - 2007

Economists generally assume the existence of sufficient institutions to sustain a market economy and tax the citizens. However, this starting point cannot easily be taken for granted in many states, neither in history nor in the developing world of today. This paper develops a framework where...

Persistent link: https://www.econbiz.de/10005662311

Why Do Many Resource-Rich Countries Have Negative Genuine Saving? Anticipation of Better Times or Rapacious Rent Seeking

van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2008

We investigate the Hartwick rule for saving of a nation necessary to sustain a constant level of private consumption for a small open economy with an exhaustible stock of natural resources. The amount by which a country saves and invests less than the marginal resource rents equals the expected...

Persistent link: https://www.econbiz.de/10005662316

Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data

Guriev, Sergei; Kolotilin, Anton; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2008

In this paper we study nationalizations in the oil industry around the world in 1960-2002. We show, both theoretically and empirically, that governments are more likely to nationalize when oil prices are high and when political institutions are weak. We consider a simple dynamic model of the...

Persistent link: https://www.econbiz.de/10005662343

Global Sourcing

Antràs, Pol; Helpman, Elhanan - C.E.P.R. Discussion Papers - 2004

We present a North-South model of international trade in which differentiated products are developed in the North. Sectors are populated by final-good producers who differ in productivity levels. Based on productivity and sectoral characteristics, firms decide whether to integrate into the...

Persistent link: https://www.econbiz.de/10005788904

Sequential Investments and Options to Own

Nöldeke, Georg; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 1997

This paper analyses the investment incentives given by contingent ownership structures that are prevalent in joint ventures. We consider a variation of the standard hold-up problem where two parties make relationship-specific investments sequentially in order to generate a joint surplus in the...

Persistent link: https://www.econbiz.de/10005791993

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