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Manove, Michael; Padilla, Atilano Jorge - C.E.P.R. Discussion Papers - 1998

In the course of ordinary business, commercial banks frequently encounter entrepreneurs seeking loans for the purpose … of financing new or continuing projects. These entrepreneurs are frequently unrealistic, their perception having been … relationship between banks and possible optimistic entrepreneurs. We examine this capital market from the stand-point of economic …

Persistent link: https://www.econbiz.de/10005791403

Growing like China

Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2009

credit markets. Due to the financial imperfections, high-productivity firms - which are run by entrepreneurs - must be …

Persistent link: https://www.econbiz.de/10005123794

Entrepreneurial Innovations, Competition and Competition Policy

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2008

We construct a model where an entrepreneur could either innovate for entry or for sale. It is shown that increased product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased competition reduces entrants' and acquirers' profits in a...

Persistent link: https://www.econbiz.de/10005497863

The Taxation of Entrepreneurial Income in a Transition Economy: Issues Raised by Experience in Poland

MEP, Grabowski; Maciej, Dariusz; Smith, Stephen - C.E.P.R. Discussion Papers - 1995

to the taxation of entrepreneurs in transition economies. …

Persistent link: https://www.econbiz.de/10005656322

Beyond GDP and Back: What is the Value-added by Additional Components of Welfare Measurement?

Kassenboehmer, Sonja C; Schmidt, Christoph M - C.E.P.R. Discussion Papers - 2011

Building on the Stiglitz report, a growing literature suggests to explore other aspects of human welfare apart from material well-being, such as job security, crime, health, environmental factors and subjective perceptions. To explore the additional information of these indicators, we analyze...

Persistent link: https://www.econbiz.de/10008854482

From World Banker to World Venture Capitalist: US External Adjustment and The Exorbitant Privilege

Gourinchas, Pierre-Olivier; Rey, Hélène - C.E.P.R. Discussion Papers - 2005

the sustainability of the current global imbalances. …

Persistent link: https://www.econbiz.de/10005791200

Current Account Sustainability: Selected East Asian and Latin American Experiences

Milesi-Ferretti, Gian Maria; Razin, Assaf - C.E.P.R. Discussion Papers - 1996

forward a notion of current account sustainability and compares the experience of three Latin American countries – Chile … sustainability indicators and discusses their usefulness in predicting external crises. …

Persistent link: https://www.econbiz.de/10005791270

Debt and Deficit Ceilings, and Sustainability of Fiscal Policies: An Intertemporal Analysis

Uctum, Merih; Wickens, Michael R. - C.E.P.R. Discussion Papers - 1997

This paper examines the consequences for the sustainability of fiscal policy of imposing restrictive ceilings on …

Persistent link: https://www.econbiz.de/10005791703

What is the Top Priority on Climate Change?

Klemperer, Paul - C.E.P.R. Discussion Papers - 2009

talk to the Potsdam Global Sustainability Symposium (which drafted the Potsdam Declaration presented to the 2007 UN Climate …

Persistent link: https://www.econbiz.de/10005123837

Imperfect Tests and Natural Insurance Monopolies

Emons, Winand - C.E.P.R. Discussion Papers - 1997

This paper considers a housing insurance market in which buildings have different damage probabilities. Insurers use imperfect tests to find out about buildings’ damage types. The insurance market is a natural monopoly. If more than one insurer is active, high risk house owners continue to...

Persistent link: https://www.econbiz.de/10005123854