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The Nature of Financial and Real Business Cycles: The Great Moderation and Banking Sector Pro-Cyclicality

Egert, Balazs; Sutherland, Douglas - CESifo - 2012

provides some new evidence on the drivers of the great moderation and analyses the banking sector’s pro-cyclicality by using …

Persistent link: https://www.econbiz.de/10010550832

On the Political Economy of Complexity

Nitzan, Shmuel; Procaccia, Uriel; Tzur, Joseph - CESifo - 2013

Article underscores the dark side of both phenomena by focusing on the anti-competitive features of regulation and reform and …

Persistent link: https://www.econbiz.de/10010877637

Prices vs. Quantities with Endogenous Cost Structure

Storrøsten, Halvor Briseid - CESifo - 2014

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing …

Persistent link: https://www.econbiz.de/10010877871

Emissions Taxes and Abatement Regulation under Uncertainty

Christiansen, Vidar; Smith, Stephen - CESifo - 2013

We consider environmental regulation in a context where firms invest in abatement technology under conditions of …

Persistent link: https://www.econbiz.de/10010877925

Investment in Broadband Infrastructure Under Local Deregulation: Evidence from the U.K. Broadband Market

Fabritz, Nadine; Falck, Oliver - CESifo - 2013

This paper investigates telecommunication operator investment in broadband infrastructure after local deregulation of the wholesale broadband access market. Using a panel dataset covering all 5,598 exchange areas in the United Kingdom, we exploit regional differences in deregulation following a...

Persistent link: https://www.econbiz.de/10010877989

Green Havens and Pollution Havens

Poelhekke, Steven; Ploeg, Frederick Van der - CESifo - 2012

country significantly attracts FDI. What is important for these pollution haven effects is not only regulation but also …

Persistent link: https://www.econbiz.de/10011264743

Hurricane Insurance in Florida

Jametti, Mario; Ungern-Sternberg, Thomas von - CESifo - 2009

This paper studies the evolution of hurricane insurance in Florida over the last decades. Hurricanes (and other natural catastrophes) are typically referred to as “uninsurable” risks. The more exposed property owners find it difficult to obtain insurance cover from the private market and/or...

Persistent link: https://www.econbiz.de/10005013949

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

Labor Courts, Nomination Bias, and Unemployment in Germany

Berger, Helge; Neugart, Michael - CESifo - 2006

Labor courts play an important role in determining the effective level of labor market regulation in Germany, but their …

Persistent link: https://www.econbiz.de/10005765647

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