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Market and Public Provision in the Presence of Human Capital Externalities

De Fraja, Gianni - C.E.P.R. Discussion Papers - 2006

This paper suggests that human capital externalities are important in determining whether goods and services should be privately or publicly provided. We study situations where that the cost incurred by an individual provider for providing quality is affected by the human capital of her...

Persistent link: https://www.econbiz.de/10005124298

'Build It or Not': Normative and Positive Theories of Public-Private Partnerships

Martimort, David; Pouyet, Jérôme - C.E.P.R. Discussion Papers - 2006

This paper analyzes whether the two tasks of building infrastructures which are socially useful and managing those assets should be bundled or not. When performances contracts can be written, both tasks should be performed altogether by the same firm when a better design of the infrastructure...

Persistent link: https://www.econbiz.de/10005136716

Uncertainty and Trade Agreements

Limão, Nuno; Maggi, Giovanni - C.E.P.R. Discussion Papers - 2013

trade model with income-risk neutrality there tends to be an uncertainty-increasing motive for a TA. With income-risk … degree of risk aversion, an uncertainty-reducing motive for a TA is more likely to be present when the economy is more open …

Persistent link: https://www.econbiz.de/10011084554

Policy Uncertainty, Trade and Welfare: Theory and Evidence for China and the U.S.

Handley, Kyle; Limão, Nuno - C.E.P.R. Discussion Papers - 2013

We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework … with heterogeneous firms. We show that increased TPU reduces investment in export entry and technology upgrading, which in … turn reduces trade flows and real income for consumers. We apply the model to analyze China's export boom around its WTO …

Persistent link: https://www.econbiz.de/10011083973

Community-based Development and Poverty Alleviation: An Evaluation of China’s Poor Village Investment Program

Park, Albert; Wang, Sangui - C.E.P.R. Discussion Papers - 2010

We conduct the first systematic evaluation of the world’s largest community-based development program--China’s flagship …

Persistent link: https://www.econbiz.de/10008468658

Growing like China

Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2009

This paper constructs a growth model that is consistent with salient features of the Chinese growth experience since 1992: high output growth, sustained returns on capital investments, extensive reallocation within the manufacturing sector, falling labor share and accumulation of a large foreign...

Persistent link: https://www.econbiz.de/10005123794

Policy Uncertainty and Precautionary Savings

Giavazzi, Francesco; McMahon, Michael - C.E.P.R. Discussion Papers - 2008

In 1997 Chancellor Kohl proposed a major pension reform and pushed the law through Parliament explaining that the German PAYG system had become unsustainable. One limitation of the new law---one that is crucial for our identification strategy---is that it left the generous pension entitlements...

Persistent link: https://www.econbiz.de/10005497866

Inequality and Political Consensus

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2003

This Paper develops a model of political consensus in order to explain the missing link between inequality and political redistribution. Political consensus is an implicit agreement not to vote for extreme policy proposals. We show that such an agreement may play an efficiency-enhancing role....

Persistent link: https://www.econbiz.de/10005497877

Optimal Capital Allocation Using RAROC(tm) and EVA

Stoughton, Neal; Zechner, Josef - C.E.P.R. Discussion Papers - 2004

This Paper analyses firms’ capital allocation decisions when optimal capital structure is linked to the risk of …

Persistent link: https://www.econbiz.de/10005662320

Short-Termism as Optimal Investment Policy

Brusco, Sandro - C.E.P.R. Discussion Papers - 1999

short-termism. We show that when managerial ability has a multiplicative impact on revenue then the first best investment …

Persistent link: https://www.econbiz.de/10005791287

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