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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

companies by using alternative frontier cost models for panel data. Thereby, the multidimensional performance estimation …

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

Monetary Policy in an Estimated Open-Economy Model with Imperfect Pass-Through

Lindé, Jesper; Nessen, Marianne; Söderström, Ulf - C.E.P.R. Discussion Papers - 2004

We develop a structural model of a small open economy with gradual exchange rate pass-through and endogenous inertia in inflation and output. We then estimate the model by matching the implied impulse responses with those obtained from a VAR model estimated on Swedish data. Although our model is...

Persistent link: https://www.econbiz.de/10005123761

Estimates of Bilateral Trade Elasticities and Their Implications for the Modelling of `1992'

Brenton, Paul; Winters, L. Alan - C.E.P.R. Discussion Papers - 1992

In this paper we use detailed trade and production data and a theoretically consistent model of demand - the Almost Ideal Demand System - to estimate bilateral trade elasticities, the key parameters required for quantification of the effects of the `1992' programme. Initial results for 70 West...

Persistent link: https://www.econbiz.de/10005123957

A Theory of Regular Markov Perfect Equilibria in Dynamic Stochastic Games: Genericity, Stability, and Purification

Doraszelski, Ulrich; Escobar, Juan - C.E.P.R. Discussion Papers - 2008

This paper develops a theory of regular Markov perfect equilibria in dynamic stochastic games. We show that almost all dynamic stochastic games have a finite number of locally isolated Markov perfect equilibria that are all regular. These equilibria are essential and strongly stable. Moreover,...

Persistent link: https://www.econbiz.de/10005497794

When are Supply and Demand Determined Recursively Rather than Simultaneously? Another look at the Fulton Fish Market Data

Graddy, Kathryn; Kennedy, Peter E - C.E.P.R. Discussion Papers - 2007

(OLS) is the recommended estimation procedure. Supply to a daily fish market is determined by the previous night’s catch …

Persistent link: https://www.econbiz.de/10005504667