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The Architecture of Federations: Constitutions, Bargaining, and Moral Hazard

Kessler, Anke; Luelfesmann, Christoph; Myers, Gordon M - C.E.P.R. Discussion Papers - 2009

The paper studies a federal system where a region provides non-contractible essential inputs for the successful implementation of a local public policy project with spill-overs, and where bargaining between different levels of government may ensure efficient decision making ex post. We ask...

Persistent link: https://www.econbiz.de/10005662248

Loans or Grants

Cohen, Daniel; Jacquet, Pierre; Reisen, Helmut - C.E.P.R. Discussion Papers - 2007

instruments which, if properly managed, perform better than either loans or grants taken in isolation. The core of the intuition …

Persistent link: https://www.econbiz.de/10005656217

Investment, Reprocurement and Franchise Contract Length in the British Railway Industry

Affuso, Luisa; Newbery, David M G - C.E.P.R. Discussion Papers - 2000

This Paper studies the interaction between repeated auctions of rail franchises of different lengths, uncertainty, and incentives for investment in rolling stock, following the privatization of British Rail. Theoretical predictions are tested empirically using a unique panel of data. Theory...

Persistent link: https://www.econbiz.de/10005666623

Toc 'n' Roll: Bargaining, Service Quality and Specificity in the UK Railway Network

De Fraja, Gianni; Michetti, Emanuela; Zanchettin, Piercarlo - C.E.P.R. Discussion Papers - 2008

The paper studies the regulatory design in a industry where the regulated downstream provider of services to final consumers purchases the necessary inputs from an upstream supplier. The model is closely inspired by the UK regulatory mechanism for the railway network. Its philosophy is one of...

Persistent link: https://www.econbiz.de/10005792445

Does Supporting Passenger Railways Reduce Road Traffic Externalities?

Lalive, Rafael; Luechinger, Simon; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2013

Many governments subsidize regional rail service as an alternative to road traffic. This paper assesses whether increases in service frequency reduce road traffic externalities. We exploit differences in service frequency growth by procurement mode following a railway reform in Germany to...

Persistent link: https://www.econbiz.de/10011083939

Do WTO Members have More Liberal Trade Policy?

Rose, Andrew K - C.E.P.R. Discussion Papers - 2002

This Paper uses 67 measures of trade policy and trade liberalization to ask if membership in the World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) is associated with more liberal trade policy. Almost no measures of trade policy are significantly...

Persistent link: https://www.econbiz.de/10005662054

Did Tariffs Matter That Much? Ireland since the 1920s

O'Gráda, Cormac - C.E.P.R. Discussion Papers - 1988

The contrasting tariff regimes of Northern and Southern Ireland after 1932 must have influenced industrial structure …

Persistent link: https://www.econbiz.de/10005662419

Policy Choice: Theory and Evidence from Commitment via International Trade Agreements

Limão, Nuno; Tovar, Patricia - C.E.P.R. Discussion Papers - 2009

available and an efficiency ranking is feasible: tariffs vs. non-tariff barriers (NTBs). In our policy choice model a government ….e. tighter tariff constraints are not fully offset by the higher NTBs they generate and (ii) the decision to commit to … constraints depends on the government's bargaining power relative to SIGs. Using detailed data, we confirm that tariff constraints …

Persistent link: https://www.econbiz.de/10005136624

How Trade Policy Affects Technology Adoption and Productivity

Herrendorf, Berthold; Teixeira, Arilton - C.E.P.R. Discussion Papers - 2002

skilled workers chooses the technology. We obtain three results. First, under free trade and under a tariff the best … may not be used; in both cases per capita income and TFP are smaller than under free trade and a tariff. Third, average …

Persistent link: https://www.econbiz.de/10005504455

Protectionism Isn’t Counter-Cyclic (anymore)

Rose, Andrew K - C.E.P.R. Discussion Papers - 2012

-war era, protectionism has not actually moved counter-cyclically. Tariffs and non-tariff barriers do not systematically rise …

Persistent link: https://www.econbiz.de/10011083599