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Barros, Pedro Luis Pita; Martinez-Giralt, Xavier - C.E.P.R. Discussion Papers - 2009

This paper addresses the impact of payment systems on the rate of technology adoption. We present a model where … technologies offsets the cost of adoption. Cost reimbursement leads to higher adoption of the new technology if the rate of … reimbursement is high relative to the margin of new vs. old technology reimbursement under DRG. Having larger patient benefits …

Persistent link: https://www.econbiz.de/10008558590

The Microstructure of the Euro Money Market

Hartmann, Philipp; Manna, Michele; Manzanares, Andres - C.E.P.R. Discussion Papers - 2001

This Paper provides the first empirical examination of the microstructure of the euro money market, using tick data from brokers located in six countries. Special emphasis is put on the institutional environment (monetary policy decisions and their implementation, payment systems and private...

Persistent link: https://www.econbiz.de/10005123983

Efficient Pricing of Large Value Interbank Payment Systems

Holthausen, Cornelia; Rochet, Jean-Charles - C.E.P.R. Discussion Papers - 2003

This Paper studies the efficient pricing of large-value payment systems in the presence of unobservable heterogeneity across banks. It is shown that the optimal pricing scheme for a public monopoly system involves quantity discounts in the form of a decreasing marginal fee. This is also true...

Persistent link: https://www.econbiz.de/10005497764

Systemic Risk, Interbank Relations and Liquidity Provision by the Central Bank

Freixas, Xavier; Parigi, Bruno; Rochet, Jean-Charles - C.E.P.R. Discussion Papers - 1999

We model systemic risk in an interbank market. Banks face liquidity needs as consumers are uncertain about where they need to consume. Interbank credit lines allow banks to cope with these liquidity shocks while reducing the cost of maintaining reserves. However, the interbank market exposes the...

Persistent link: https://www.econbiz.de/10005661695

Income and Health Spending: Evidence from Oil Price Shocks

Acemoglu, Daron; Finkelstein, Amy; Notowidigdo, Matthew J. - C.E.P.R. Discussion Papers - 2009

Health expenditures as a share of GDP have more than tripled over the last half century. A common conjecture is that this is primarily a consequence of rising real per capita income, which more than doubled over the same period. We investigate this hypothesis empirically by instrumenting for...

Persistent link: https://www.econbiz.de/10005662110

Investment and Usage of New Technologies: Evidence from a Shared ATM Network

Degryse, Hans; Ferrari, Stijn; Verboven, Frank - C.E.P.R. Discussion Papers - 2007

When new technologies become available, it is not only essential that firms have the correct investment incentives, but often also that consumers make the proper usage decisions. This paper studies investment and usage in a shared ATM network. Because all banks coordinate their ATM investment...

Persistent link: https://www.econbiz.de/10005662325

Trade, Technology and UK Wage Inequality

Haskel, Jonathan; Slaughter, Matthew - C.E.P.R. Discussion Papers - 1999

The U.K. skill premium fell from the 1950s to the late 1970s and then rose very sharply. This paper examines the contributions to these relative wage movements of international trade and technical change. We first measure trade as changes in product prices and technical change as TFP growth....

Persistent link: https://www.econbiz.de/10005789090

Technology, Transfer and Spillovers: Does Local Participation With Multinationals Matter?

Blomström, Magnus; Sjöholm, Fredrik - C.E.P.R. Discussion Papers - 1998

This paper examines the effects on technology transfer and spillovers deriving from ownership sharing of foreign …

Persistent link: https://www.econbiz.de/10005791580

Relative Wages and Trade-Induced Changes in Technology

Ekholm, Karolina; Ulltveit-Moe, Karen-Helene - C.E.P.R. Discussion Papers - 2001

-intensive technology because a lowering of variable costs requires additional use of skilled labour. This way, we establish a link between … trade, technology and relative returns to skilled and unskilled labour. Moreover, we show that as market integration …

Persistent link: https://www.econbiz.de/10005791636

Organizations and Trade

Antràs, Pol; Rossi-Hansberg, Esteban - C.E.P.R. Discussion Papers - 2008

We survey an emerging literature at the intersection of organizational economics and international trade. We argue that a proper modelling of the organizational aspects of production provides valuable insights on the aggregate workings of the world economy. In reviewing the literature, we...

Persistent link: https://www.econbiz.de/10005791747