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The Crisis in the Foreign Exchange Market
Melvin, Michael; Taylor, Mark P. - CESifo - 2009
The financial crisis of 2007-2008 had major implications for the foreign exchange market. We review events and implications for exchange rates, volatility, returns to currency investing, and transaction costs. This “blow-by-blow” narrative is intended to be a resource for researchers seeking...
Persistent link: https://www.econbiz.de/10005013075
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Trade in Northeast Asia: Why do Trade Costs Matter?
De, Prabir - CESifo - 2006
Trade costs are often cited as an important determinant of the volume of trade. This paper provides enough evidences to ascertain that today’s trade issues in Northeast Asia go beyond the traditional mechanisms of tariffs, and include “behind-the-border” issues. By estimating a modified...
Persistent link: https://www.econbiz.de/10005406238
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On the Choice of Royalty Rule to Cover Fixed Costs in Input Joint Ventures
Fjell, Kenneth; Foros, Oystein; Kind, Hans Jarle - CESifo - 2013
incorporated. We find that tougher competition between the JV partners may actually increase channel profit under such a scheme. We …
Persistent link: https://www.econbiz.de/10010877877
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Competition in the Presence of Individual Demand Uncertainty
Möller, Marc; Watanabe, Makoto - CESifo - 2013
This paper sheds light on an empirical controversy about the effect of competition on price discrimination. We … shows that whether competition has a positive or negative effect on price dispersion depends on the level of demand …
Persistent link: https://www.econbiz.de/10010877946
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Expectations as Reference Points: Field Evidence from Experienced Subjects in a Competitive, High-Stakes Environment
Bartling, Björn; Brandes, Leif; Schunk, Daniel - CESifo - 2012
We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee’s assignment of...
Persistent link: https://www.econbiz.de/10010551016
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Powering Up Developing Countries through Integration?
Auriol, Emmanuelle; Biancini, Sara - CESifo - 2012
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10010556079
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A Simple Model of Health Insurance Competition
Kemnitz, Alexander - CESifo - 2010
This paper investigates competition between health insurance companies under different financing regulations. We … consider two alternatives advanced in recent German health care reform discussions: competition by contribution rates (health … contributions) and by fees (health premia). We find that contribution rate competition yields lower company profits and higher …
Persistent link: https://www.econbiz.de/10008727295
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The Impact of Losing in a Competition on the Willingness to Seek Further Challenges
Buser, Thomas - CESifo - 2014
of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment … compete in two-person tournaments and are then informed of their score and the outcome of the competition. Conditional on the …
Persistent link: https://www.econbiz.de/10010812497
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Privatising Network Industries
Newbery, David - CESifo - 2004
Persistent link: https://www.econbiz.de/10005765806