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Employment Protection: The Case of Limited Enforceability

Baumann, Florian - CESifo - 2008

capture evasion of employment protection via market exit in a setting of monopolistic competition. We find that the number of …

Persistent link: https://www.econbiz.de/10005765995

Higher Taxes, More Evasion? Evidence from Border Differentials in TV License Fees

Berger, Melissa; Fellner, Gerlinde; Sausgruber, Rupert; … - CESifo - 2015

This paper studies the evasion of TV license fees in Austria. We exploit border differentials to identify the effect of … fees on evasion. Comparing municipalities at the low- and high-fee side of state borders reveals that higher fees trigger … significantly more evasion. The central estimate from a spatial regression discontinuity design indicates that a one percent …

Persistent link: https://www.econbiz.de/10011163063

Provision of a Public Good with Altruistic Overlapping Generations and Many Tribes

Karp, Larry S. - CESifo - 2012

Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public goods. Equilibrium climate protection may depend more sensitively on either of these considerations, depending on the type of policy rule one examines. This conclusion is based on...

Persistent link: https://www.econbiz.de/10010877869

Markov Perfect Equilibria in Differential Games with Regime Switching Strategies

Long, Ngo Van; Prieur, Fabien; Puzon, Klarizze; … - CESifo - 2014

We propose a new methodology exploring Markov perfect equilibrium strategies in differential games with regime switching. Specifically, we develop a general game with two players having two kinds of strategies. Players choose an action that influences the evolution of a state variable, and...

Persistent link: https://www.econbiz.de/10010747209

Competition and Quality in Regulated Markets with Sluggish Demand

Brekke, Kurt R.; Cellini, Roberto; Siciliani, Luigi; … - CESifo - 2010

We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public utilities), using a Hotelling framework, in the presence of sluggish demand. We take a differential-game approach, and derive the open-loop solution (providers choose the optimal...

Persistent link: https://www.econbiz.de/10008572490

A Strategic R&D Investment with Flexible Development Time in Real Option Game Analysis

Villani, Giovanni - CESifo - 2009

The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV (Net Present Value), it considers the managerial flexibility that may be expand the investment opportunity value. However, most R&D investment projects are open to competing...

Persistent link: https://www.econbiz.de/10005013067

Tacit Collusion under Imperfect Monitoring in the Canadian Manufacturing Industry: An Empirical Study

Resende, Marcelo; Zeidan, Rodrigo M. - CESifo - 2011

The paper undertakes a cross-sectoral analysis of a salient empirical implication of the model of tacit collusion advanced by Abreu et al (1986). Specifically, the prevalence of a first order Markovian process for alternating between price wars and collusive periods is assessed by means of...

Persistent link: https://www.econbiz.de/10009352229

The Eurozone Needs Exit Rules

Fahrholz, Christian; Wójcik, Cezary - CESifo - 2012

This paper argues that the key issue for defining and solving the Eurozone’s (EZ) difficulties lies in readjusting the relationship between the centre and the periphery of the EZ. Our argument proceeds in two steps. Firstly, the basic finance problem of a centre-periphery system is captured by...

Persistent link: https://www.econbiz.de/10010553271

A Theory of Reciprocity

Falk, Armin; Fischbacher, Urs - CESifo - 2001

This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...

Persistent link: https://www.econbiz.de/10005765909

Separating the Hawks from the Doves: Evidence from Continuous Time Laboratory Games

Oprea, Ryan; Henwood, Keith; Friedman, Daniel - CESifo - 2010

Human players in our laboratory experiment received flow payoffs over 120 seconds each period from a standard Hawk-Dove bimatrix game played in continuous time. Play converged closely to the symmetric mixed Nash equilibrium under a one-population matching protocol. When the same players were...

Persistent link: https://www.econbiz.de/10008511594