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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

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

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

Reform Without Losers: An Interpretation of China's Dual-Track Approach to Transition

Lau, Lawrence J; Qian, Yingyi; Roland, Gérard - C.E.P.R. Discussion Papers - 1998

worked in product and labour markets in China’s economic reform in practice. …

Persistent link: https://www.econbiz.de/10005504255

One Third of the World's Growth and Inequality

Quah, Danny - C.E.P.R. Discussion Papers - 2002

This Paper studies growth and inequality in China and India – two economies that account for a third of the world … countries. For personal income inequalities in a China-India universe, the forces assuming first-order importance are …

Persistent link: https://www.econbiz.de/10005498030

The Limits of Career Concerns in Federalism: Evidence from China

Persson, Petra; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2015

Performance-based promotion schemes in administrative hierarchies have limitations. Chinese provincial leaders, despite facing strong career concerns, make different policy decisions depending on their career backgrounds. Provincial party secretaries who rose from low to high positions within...

Persistent link: https://www.econbiz.de/10011165652

A DSGE Model of China

Dai, Li; Minford, Patrick; Zhou, Peng - C.E.P.R. Discussion Papers - 2014

We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping …

Persistent link: https://www.econbiz.de/10011083573