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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

Government Outsourcing: Public Contracting with Private Monopoly

Auriol, Emmanuelle; Picard, Pierre M. - CESifo - 2006

The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation …. The government maximizes total surplus but incurs some cost of public funds. An alternative to regulation is proposed in …-post with the private firms. This ex-post contracting set-up allows more flexibility than traditional regulation where …

Persistent link: https://www.econbiz.de/10005765762

Upstream Horizontal Mergers and Efficiency Gains

Milliou, Chrysovalantou; Pavlou, Apostolis - CESifo - 2009

We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments and decreases wholesale prices when downstream...

Persistent link: https://www.econbiz.de/10005010147

Net Neutrality and Investment Incentives

Choi, Jay Pil; Kim, Byung-Cheol - CESifo - 2008

This paper analyzes the effects of net neutrality regulation on investment incentives for Internet service providers …

Persistent link: https://www.econbiz.de/10005196250

The Regulator's Trade-off: Bank Supervision vs. Minimum Capital

Buck, Florian; Schliephake, Eva - CESifo - 2012

We develop a simple model of banking regulation with two policy instruments: minimum capital requirements and … regulation. Therefore, countries are better off by harmonising regulation on an international standard. …

Persistent link: https://www.econbiz.de/10010877943

Property Rights, Optimal Public Enforcement, and Growth

Irmen, Andreas; Kuehnel, Johanna - CESifo - 2011

We study the link between public enforcement of property rights, innovation investments, and economic growth in an endogenous growth framework with an expanding set of product varieties. We find that a government may assure positive equilibrium growth through public employment in the enforcement...

Persistent link: https://www.econbiz.de/10009386354

The Theory of the Firm Goes Global

Marin, Dalia - CESifo - 2013

What insights can be gained from bringing the theory of the firm to the global economy? I discuss several new features of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade. Among the new features I discuss are the move to...

Persistent link: https://www.econbiz.de/10010877726

Formal Contracts, Relational Contracts, and the Threat-Point Effect

Itoh, Hideshi; Morita, Hodaka - CESifo - 2011

Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...

Persistent link: https://www.econbiz.de/10009228616

Outside Earnings, Absence, and Activity: Evidence from Germany Parliamentarians

Arnold, Felix; Kauder, Björn; Potrafke, Niklas - CESifo - 2014

We examine moonlighting by politicians in Germany. In July 2007, the German Supreme Court adjudicated that members of parliament (MPs) have to publish details of their outside earnings. Using panel data models, we investigate how outside earnings are correlated with absence and parliamentary...

Persistent link: https://www.econbiz.de/10010877714

Rainy Day Politics - An Instrumental Variables Approach to the Effect of Parties on Political Outcomes

Lind, Jo Thori - CESifo - 2014

Rain affects electoral turnout both through a direct effect on the cost of voting and by changing the opportunity cost. In a panel of Norwegian municipalities I find that rain on Election Day increases turnout. As turnout affects electoral outcomes, rain provides an exogeneous source of...

Persistent link: https://www.econbiz.de/10010877735

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