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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

A Many-Country Model of Industrialization

Breinlich, Holger; Cuñat, Alejandro - C.E.P.R. Discussion Papers - 2011

correlation between distance to the world's main markets and levels of manufacturing activity in the developing world. Secondly …

Persistent link: https://www.econbiz.de/10009207519

Agglomeration and Economic Geography

Ottaviano, Gianmarco; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2003

Peaks and troughs in the spatial distributions of population, employment and wealth are a universal phenomenon in search of a general theory. Such spatial imbalances have two possible explanations. In the first, uneven economic development can be seen as the result of the uneven distribution of...

Persistent link: https://www.econbiz.de/10005662148

The Economic Geography of Trade Production and Income: A Survey of Empirics

Overman, Henry G; Redding, Stephen J.; Venables, Anthony J - C.E.P.R. Discussion Papers - 2001

This Paper surveys the empirical literature on the economic geography of trade flows, factor prices, and the location of production. The discussion is structured around the empirical predictions of a canonical theoretical model. We review empirical evidence on the determinants of trade costs and...

Persistent link: https://www.econbiz.de/10005662227

The Costs of Remoteness: Evidence from German Division and Reunification

Redding, Stephen J.; Sturm, Daniel M - C.E.P.R. Discussion Papers - 2005

This paper exploits the division of Germany after the Second World War and the reunification of East and West Germany …

Persistent link: https://www.econbiz.de/10005666492

The Core-Periphery Model With Forward-Looking Expectations

Baldwin, Richard - C.E.P.R. Discussion Papers - 1999

The 'core-periphery model' is vitiated by its assumption of static expectations. That is, migration (inter-regional or intersectoral) is the key to agglomeration, but migrants base their decision on current wage differences alone--even though migration predictably alters wages and workers are...

Persistent link: https://www.econbiz.de/10005666517

Agglomeration, Offshoring and Heterogenous Firms

Baldwin, Richard; Okubo, Toshihiro - C.E.P.R. Discussion Papers - 2006

Recent trade models determine the equilibrium distribution of firm-level efficiency endogenously and show that freer trade shifts the distribution towards higher average productivity due to entry and exit of firms. These models ignore the possibility that freer trade also alters the firm-size...

Persistent link: https://www.econbiz.de/10005666664

Comparative Advantage and Economic Geography: Estimating the Location of Production in the EU

Overman, Henry G; Ulltveit-Moe, Karen-Helene; Venables, … - C.E.P.R. Discussion Papers - 2000

We develop and econometrically estimate a model of the location of industries across countries. The model combines factor endowments and geographical considerations, and shows how industry and country characteristics interact to determine the location of production. We estimate the model on...

Persistent link: https://www.econbiz.de/10005666721

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