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Preliminary References - Analyzing the Determinants that Made the ECJ the Powerful Court it Is

Hornuf, Lars; Voigt, Stefan - CESifo - 2012

The European Court of Justice (ECJ) is a very powerful court compared to other international courts and even national courts of last resort. Observers almost unanimously agree that it is the preliminary references procedure that made the ECJ the powerful court it is today. In this paper, we...

Persistent link: https://www.econbiz.de/10010539148

Membership has its Privileges - The Effect of Membership in International Organizations on FDI

Dreher, Axel; Mikosch, Heiner; Voigt, Stefan - CESifo - 2010

We argue that membership in International Organizations (IOs) is an important determinant of FDI inflows. To the extent that membership restricts a country from pursuing policies that are harmful to investors, it can signal low political risk. Using data over the 1971-2005 period, we find that...

Persistent link: https://www.econbiz.de/10008727297

Tradable Immigration Quotas

Moraga, Jesus Fernandez-Huertas; Rapoport, Hillel - CESifo - 2013

International migration is maybe the single most effective way to alleviate global poverty. When a given host country allows more immigrants in, this creates costs and benefits for that particular country as well as a positive externality for individuals and governments who care about world...

Persistent link: https://www.econbiz.de/10010607006

Does Membership in International Organizations Increase Governments’ Credibility? Testing the Effects of Delegating Powers

Dreher, Axel; Voigt, Stefan - CESifo - 2008

This paper analyzes whether nation-state governments can increase their credibility by becoming members of international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have an important impact on investment and growth. It is...

Persistent link: https://www.econbiz.de/10005181427

Tradable Refugee-Admission Quotas and EU Asylum Policy

Moraga, Jesus Fernandez-Huertas; Rapoport, Hillel - CESifo - 2014

The current EU Asylum policy is widely seen as ineffective and unfair. We propose an EU-wide market for tradable quotas on both refugees and asylum-seekers coupled with a matching mechanism linking countries’ and migrants’ preferences. We show that the proposed system can go a long way...

Persistent link: https://www.econbiz.de/10011082834

International Trade in Natural Resources: Practice and Policy

Ruta, Michele; Venables, Anthony J. - CESifo - 2012

manipulate both international and domestic prices of resources, yet this policy is largely outside the disciplines of the WTO …

Persistent link: https://www.econbiz.de/10010540254

Food Prices and the Multiplier Effect of Export Policy

Giordani, Paolo E.; Rocha, Nadia; Ruta, Michele - CESifo - 2012

This paper studies the relationship between export policy and food prices. We show that, when individuals are loss averse, food exporters may use trade policy to shield the domestic economy from large price shocks. This creates a complementarity between the price of food in international markets...

Persistent link: https://www.econbiz.de/10010542015

Market Access through Bound Tariffs

Sala, Davide; Schröder, Philipp J.H.; Yalcin, Erdal - CESifo - 2009

WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs …

Persistent link: https://www.econbiz.de/10008534023

Does WTO Membership Make a Difference at the Extensive Margin of World Trade?

Felbermayr, Gabriel J.; Kohler, Wilhelm - CESifo - 2007

In his seminal paper, Rose (2004) concluded from a gravity-type study of bilateral trade that the GATT/WTO does not … zero trade and leaves room for WTO membership to promote trade at the extensive margin of trade. Relying on a Tobit … estimation approach, we find that WTO membership has promoted world trade to a larger extent than Rose’s results seem to indicate. …

Persistent link: https://www.econbiz.de/10005181483

Auctions vs. Negotiations: The Case of Favoritism

Gretschko, Vitali; Wambach, Achim - CESifo - 2012

We compare two commonly used mechanisms in procurement: auctions and negotiations. The execution of the procurement mechanism is delegated to an agent of the buyer. The agent has private information about the buyer’s preferences and may collude with one of the sellers. We provide a precise...

Persistent link: https://www.econbiz.de/10010599726