Narrow search
Showing 1 - 10 of 111
Cover Image
Sovereign Debt Restructuring: the Judge, the Vultures and Creditor Rights
Miller, Marcus; Thomas, Dania - C.E.P.R. Discussion Papers - 2006
What role did the US courts play in the Argentine debt swap of 2005? What are the implications for the future of creditor rights in sovereign bond markets? The judge in the Argentine case has, it appears, deftly exploited creditor heterogeneity – between holdouts seeking capital gains and...
Persistent link: https://www.econbiz.de/10005067444
Cover Image
On the Effects of Anti-dumping Legislation
Barros, Pedro Luis Pita; Martinez-Giralt, Xavier - C.E.P.R. Discussion Papers - 1997
We show that the nature and extent of trade is significantly affected by the pricing policy that firms are allowed to employ. A switch from discriminatory to non-discriminatory pricing (e.g. strict anti-dumping laws) leads to a switch from two-way trade to one-way trade. It is far from true that...
Persistent link: https://www.econbiz.de/10005504678
Cover Image
Who Should Run Trade Policy in Eastern Europe and How?
Winters, L. Alan - C.E.P.R. Discussion Papers - 1994
This paper discusses the design of appropriate institutions for trade policy-making in Central and Eastern Europe. Drawing on US and EU experience it argues that legislatures should set the broad parameters, leaving commodity-specific detail to the executives. Sectoral Ministries, e.g. of...
Persistent link: https://www.econbiz.de/10005114382
Cover Image
Real Effects of Bank Governance: Bank Ownership and Corporate Innovation
Haselmann, Rainer; Marsch, Katharina; Weder di Mauro, … - C.E.P.R. Discussion Papers - 2009
In this paper we analyze the impact of government and private ownership of banks on firms’ probability to innovate. We estimate firms’ decision to innovate and their selection of a main lender for a sample of 9000 German manufacturing companies. Since these two decisions may be...
Persistent link: https://www.econbiz.de/10008459768
Cover Image
Parallel Imports and Price Controls
Grossman, Gene; Lai, Edwin - C.E.P.R. Discussion Papers - 2006
pharmaceuticals. We challenge this orthodox view and show, to the contrary, that the pace of innovation often is faster in a world …
Persistent link: https://www.econbiz.de/10005666872
Cover Image
Penalty Structures and Deterrence in a Two-Stage Model: Experimental Evidence
Anderson, Lisa R.; DeAngelo, Gregory; Emons, Winand; … - C.E.P.R. Discussion Papers - 2015
Increasing penalty structures for repeat offenses are ubiquitous in penal codes, despite little empirical or theoretical support. Multi-period models of criminal enforcement based on the standard economic approach of Becker (1968) generally find that the optimal penalty structure is either flat...
Persistent link: https://www.econbiz.de/10011272717
Cover Image
Conditional versus Contingent Fees
Emons, Winand - C.E.P.R. Discussion Papers - 2004
Under contingent fees the attorney gets a share of the judgement; under conditional fees the lawyer gets an upscale premium if the case is won which is, however, unrelated to the adjudicated amount. We compare conditional and contingent fees in a framework where lawyers are uninformed about the...
Persistent link: https://www.econbiz.de/10005114185
Cover Image
Playing it Safe with Low Conditional Fees versus Being Insured by High Contingent Fees
Emons, Winand - C.E.P.R. Discussion Papers - 2005
Under contingent fees the attorney gets a share of the judgement; under conditional fees they get an upscale premium if the case is won, which is, however, unrelated to the adjudicated amount. We compare conditional and contingent fees in a framework where lawyers choose between a safe and a...
Persistent link: https://www.econbiz.de/10005661624
Cover Image
Multi-product Firms and Product Turnover in the Developing World: Evidence from India
Goldberg, Pinelopi Koujianou; Khandelwal, Amit; … - C.E.P.R. Discussion Papers - 2008
detailed firm-level data from India, we provide the first evidence on the patterns of multi-product firm production in a large …-section, multi-product firms in India look remarkably similar to their U.S. counterparts, confirming the predictions of recent … churning - particularly product rationalization - is far less common in India. We thus find little evidence of "creative …
Persistent link: https://www.econbiz.de/10005123815
Cover Image
International Protection of Intellectual Property
Grossman, Gene; Lai, Edwin - C.E.P.R. Discussion Papers - 2002
We study the incentives that governments have to protect intellectual property in a trading world economy. We consider a world economy with ongoing innovation in two countries that differ in market size, in their capacities for innovation and in their absolute and comparative advantage in...
Persistent link: https://www.econbiz.de/10005792347