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Some Social Welfare Implications of Behavioural Preferences

Gallice, Andrea - C.E.P.R. Discussion Papers - 2007

We investigate how the assumption that individuals are characterized by some recent forms of behavioural preferences changes the analysis of an otherwise classical welfare problem, namely the optimal allocation of a scarce resource among a finite number of claimants. We consider two preference...

Persistent link: https://www.econbiz.de/10005497756

Selective immigration policies, migrants' education and welfare at origin

Bertoli, Simone; Brücker, Herbert - C.E.P.R. Discussion Papers - 2011

Destination countries are progressively shifting towards selective immigration policies. These can eectively increase migrants' average education even if one allows for endogenous schooling decisions and education policies at origin. Still, more selective immigration policies reduce social...

Persistent link: https://www.econbiz.de/10008854467

An Analysis of Eurobonds

Beetsma, Roel; Mavromatis, Konstantinos - C.E.P.R. Discussion Papers - 2012

We analyse different forms of international debt mutualisation in a simple framework with a political distortion and (partial) default under adverse economic circumstances. One form is a debt repayment guarantee, which can be "unlimited" or "limited", i.e. only be invoked when the guarantee...

Persistent link: https://www.econbiz.de/10011083437

A Comparison of Debt and Primary-deficit Constraints

Beetsma, Roel; Ribeiro, Marcos Poplawski; Schabert, Andreas - C.E.P.R. Discussion Papers - 2008

This paper compares constraints on the public debt with constraints on the primary deficit. The analysis takes into account how an optimizing government reacts to the different constraints when deciding on a spending and borrowing plan. We find that the economy behaves similarly under both...

Persistent link: https://www.econbiz.de/10005662084

The Welfare Economics of Cooperative and Uncooperative Fiscal Policy

Buiter, Willem H.; Kletzer, Kenneth - C.E.P.R. Discussion Papers - 1990

In a competitive two-country overlapping generations model with perfect capital mobility, a plan that is individually Pareto optimal (that is Pareto optimal with respect to individual preferences) can be sustained without coordination of national fiscal policies where the fiscal arsenal is...

Persistent link: https://www.econbiz.de/10005662314

Welfare Implications of User Innovation

Henkel, Joachim; von Hippel, Eric - C.E.P.R. Discussion Papers - 2003

The literature on new goods and social welfare generally assumes that manufacturers develop innovations. But innovation by users has been found to also be an important part of innovative activity in the economy. In this Paper we explore the impact of users as a source of innovation on product...

Persistent link: https://www.econbiz.de/10005666650

The Strategic Determinants of U.S. Human Rights Reporting: Evidence from the Cold War

Qian, Nancy; Yanagizawa-Drott, David - C.E.P.R. Discussion Papers - 2008

This paper uses a country-level panel dataset to test the hypothesis that the United States biases its human rights reports of countries based on the latters’ strategic value. We use the difference between the U.S. State Department’s and Amnesty International’s reports as a measure of U.S....

Persistent link: https://www.econbiz.de/10005789167

Partial Insurance and Investments in Children

Carneiro, Pedro; Ginja, Rita - C.E.P.R. Discussion Papers - 2015

partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …

Persistent link: https://www.econbiz.de/10011266538

Incentive Compatible Reimbursement Schemes for Physicians

Emons, Winand - C.E.P.R. Discussion Papers - 2010

We consider physicians with fixed capacity levels. If a physician's capacity exceeds demand, she may have an incentive to overtreat, i.e., she may provide unnecessary treatments to use up idle capacity. By contrast, with excess demand she may undertreat, i.e., she may not provide necessary...

Persistent link: https://www.econbiz.de/10008468555

Public versus Private Risk Sharing

Krueger, Dirk; Perri, Fabrizio - C.E.P.R. Discussion Papers - 2010

Can public insurance through redistributive income taxation improve the allocation of risk in an economy in which … the first place. If risk sharing is incomplete because some insurance markets are missing for model-exogenous reasons (as … of risk. If instead private insurance markets exist but their use is limited by the absence of complete enforcement (as …

Persistent link: https://www.econbiz.de/10008468593

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