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Incomplete Contracts and Firm Boundaries: New Directions

Dessein, Wouter - C.E.P.R. Discussion Papers - 2012

The seminal work by Grossman and Hart (1986) made the study of firm boundaries susceptible to formal economic analysis, and illuminated an important role for markets in providing incentives. In this essay, I discuss some new directions that the literature has taken since. As a central challenge,...

Persistent link: https://www.econbiz.de/10011083406

Adaptation Can Help Mitigation: An Integrated Approach to Post-2012 Climate Policy

Bosello, Francesco; Carraro, Carlo; De Cian, Enrica - C.E.P.R. Discussion Papers - 2012

policy measures, adaptation will be needed to address climate related damages. What is the role of adaptation in this setting … adaptation and mitigation expenditures in a cost-effective setting in which countries cooperate to achieve a long … different adaptation modes (reactive and anticipatory), mitigation, and capacity building to analyse the optimal portfolio of …

Persistent link: https://www.econbiz.de/10011083452

The New Stylized Facts About Income and Subjective Well-Being

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2013

In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to...

Persistent link: https://www.econbiz.de/10011083711

Spain's International Position, 1850-1913

Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 2009

Spain's financial position during the late 19th and early 20th century has usually been presented as one of persistent …

Persistent link: https://www.econbiz.de/10008458296

Growth and Macroeconomic Performance in Spain, 1939-93

Prados de la Escosura, Leandro - C.E.P.R. Discussion Papers - 1995

institutional and macroeconomic features as the ultimate explanations of Spain's post-war growth performance. The following main … relative stagnation of the transition from Franco's dictatorship to democracy (1975-85), which ended with Spain's membership of …

Persistent link: https://www.econbiz.de/10005666440

Why is Spanish Unemployment so High?

Dolado, Juan J.; Jimeno, Juan F - C.E.P.R. Discussion Papers - 1995

In this paper we analyse the underlying causes behind Spanish unemployment which is now at 24%. We interpret this unfortunate outcome as the result of a series of adverse shocks, compounded by disinflationary policies and by a flawed system of labour market institutions. Our aim is to explain...

Persistent link: https://www.econbiz.de/10005667046

Is the Allocation of Public Capital Across the Spanish Regions too Redistributive?

de la Fuente, Angel - C.E.P.R. Discussion Papers - 2002

This Paper compares the observed distribution of the stock of infrastructures across the Spanish regions with the optimal allocation derived from a planning problem in which the observed degree of ex-post redistribution is taken as given. The results suggest that Spanish public investment policy...

Persistent link: https://www.econbiz.de/10005792256

Regional Convergence in Spain, 1965-95

de la Fuente, Angel - C.E.P.R. Discussion Papers - 2002

This Paper explores the sources of convergence in income per capita across the Spanish regions using a decomposition of this variable into employment and productivity factors and an estimate of a regional production function.

Persistent link: https://www.econbiz.de/10005792411

Competition in Spanish Banking

Caminal, Ramon; Gual, Jordi; Vives, Xavier - C.E.P.R. Discussion Papers - 1989

financial market. Banking in Spain has undergone a strong liberalization process in the last fifteen years, which has …

Persistent link: https://www.econbiz.de/10005792462

The Spanish Crisis: Background and Policy Challenges

Suarez, Javier - C.E.P.R. Discussion Papers - 2010

describes the strengths and weaknesses of Spain’s recent long growth cycle, the real and financial imbalances accumulated … pressure, partly initiated by unjustified catastrophic expectations about Spain, provides an opportunity for accelerating the …

Persistent link: https://www.econbiz.de/10008554220