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Industry Reallocations in a Globalizing Economy

Behrens, Kristian; Mion, Giordano; Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 2007

We distill the main insights from recent trade models on firms' responses to globalisation. Our primary aim is to assess the economic impact and the welfare implications of the resulting reallocation of resources across firms and countries. In so doing, we bring theory into life through the...

Persistent link: https://www.econbiz.de/10005136703

Hospital competition with soft budgets

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2013

We study the incentives for hospitals to provide quality and expend cost-reducing effoort when their budgets are soft, i.e., the payer may cover deficits or confiscate surpluses. The basic set up is a Hotelling model with two hospitals that differ in location and face demand uncertainty, where...

Persistent link: https://www.econbiz.de/10011083526

Cost Efficiency and Subsidization in German Local Public Bus Transit

Nieswand, Maria; Walter, Matthias - C.E.P.R. Discussion Papers - 2013

This paper examines the impact of endogenous deficit-balancing subsidies on the cost efficiency of local public bus companies by using alternative frontier cost models for panel data. Thereby, the multidimensional performance estimation incorporates the subsidy variable directly. The empirical...

Persistent link: https://www.econbiz.de/10011084257

Child Care and Mothers' Lifetime Earnings: Some European Contrasts

Davies, Hugh; Joshi, Heather - C.E.P.R. Discussion Papers - 1991

Patterns of female employment participation are compared in a variety of European countries with differing levels of child care provision. The earnings forgone over a lifetime by a woman bearing children (compared with the earnings of her childless counterpart) are simulated for four countries,...

Persistent link: https://www.econbiz.de/10005666816

The Allocation of European Union Allowances. Lessons, Unifying Themes and General Principles

Buchner, Barbara; Carraro, Carlo; Ellerman, A Denny - C.E.P.R. Discussion Papers - 2006

This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme … lessons and general principles to be learnt from the allocation of allowances in the European Union Emission Trading Scheme … allocation process and on what are the global implications of the EU ETS. As has become obvious during the first allocation phase …

Persistent link: https://www.econbiz.de/10005667060

Optimal Capital Allocation Using RAROC And EVA

Stoughton, Neal; Zechner, Josef - C.E.P.R. Discussion Papers - 1999

This paper analyzes financial institutions' capital allocation decisions when their required equity capital depends on … can be delegated through an economic value added (EVA) compensation contract and solve for the optimal capital allocation …

Persistent link: https://www.econbiz.de/10005661956

China's Great Leap: Forward or Backward? Anatomy of a Central Planning Disaster

An, Mark Yuying; Li, Wei; Yang, Dennis Tao - C.E.P.R. Discussion Papers - 2001

The Great Leap Forward (GLF) disaster, characterized by a collapse of grain output, and the associated famine in China …

Persistent link: https://www.econbiz.de/10005789139

Can Production Subsidies Foster Export Activity? Evidence from Chinese Firm Level Data

Girma, Sourafel; Gong, Yundan; Görg, Holger; Yu, Zhihong - C.E.P.R. Discussion Papers - 2007

Using a unique firm level data set from the Chinese manufacturing sector, this paper analyses the impact of production subsidies on firms’ export performance. It documents robust evidence that production subsidies stimulate export activity, although this effect is conditional on firm...

Persistent link: https://www.econbiz.de/10005789202

The Weightless Economy in Economic Development

Quah, Danny - C.E.P.R. Discussion Papers - 1999

development. Evidence from the failed Industrial Revolution in 14th-century China illustrates the empirical relevance of the …

Persistent link: https://www.econbiz.de/10005791375

From Federalism, Chinese Style, to Privatization, Chinese Style

Yuanzheng, Cao; Qian, Yingyi; Weingast, Barry - C.E.P.R. Discussion Papers - 1998

In 1994, China began a profound reform of its state-owned enterprises (SOE). We first describe and characterize this …

Persistent link: https://www.econbiz.de/10005792177