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Opium for the Masses? Conflict-Induced Narcotics Production in Afghanistan

Lind, Jo Thori; Moene, Karl Ove; Willumsen, Fredrik - CESifo - 2009

We show that the recent rise in Afghan opium production is caused by violent conflicts. Violence destroys roads and irrigation, crucial to alternative crops, and weakens local incentives to rebuild infrastructure and enforce law and order. Exploiting a unique data set, we show that Western...

Persistent link: https://www.econbiz.de/10005051583

Innovation of Network Goods: A Non-Innovating Firm Will Gain

Glazer, Amihai; Kanniainen, Vesa; Mustonen, Mikko - CESifo - 2002

We consider duopolists innovating and producing a good subject to network externalities, so that the reservation price of a consumer increases with aggregate consumption. The post-innovation network consists of two compatible sub-networks, with increased network valuation of the new product....

Persistent link: https://www.econbiz.de/10005765788

The Swiss UMTS Spectrum Auction Flop: Bad Luck or Bad Design

Wolfstetter, Elmar G. - CESifo - 2001

This paper gives an account of events, and explains some systematic reasons of the UMTS auction flop in Switzerland. Apart from general market developments, which could not have been anticipated, we argue that auctiondesign which was introduced in England and adopted in Switzerland and elsewhere...

Persistent link: https://www.econbiz.de/10005766272

The Third Generation (UMTS) Spectrum Auction in Germany

Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar G. - CESifo - 2001

The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...

Persistent link: https://www.econbiz.de/10005094495

The Dutch UMTS-Auction

Damme, Eric van - CESifo - 2002

In this paper I review the Dutch UMTS-auction that took place in the summer of 2000 and which, in contrast to the UK and German auctions, was generally considered to be a major flop. I analyse the policy process leading to the auction as well as the bidding behaviour in the auction, and provide...

Persistent link: https://www.econbiz.de/10005051587

Does Central Bank Communication really Lead to better Forecasts of Policy Decisions? New Evidence Based on a Taylor Rule Model for the ECB

Sturm, Jan-Egbert; Haan, Jakob de - CESifo - 2009

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President’s introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. …

Persistent link: https://www.econbiz.de/10005013956

The Role of Salience in Performance Schemes: Evidence from a Field Experiment

Englmaier, Florian; Roider, Andreas; Sunde, Uwe - CESifo - 2012

in quantity and quality of output. We use data from a controlled field experiment that changed the communication of the …

Persistent link: https://www.econbiz.de/10010539149

Information Transmission within Federal Fiscal Architectures: Theory and Evidence

Dreher, Axel; Gehring, Kai; Kotsogiannis, Christos; … - CESifo - 2013

of unverifiable information and the quality of communication depends on the conflict of interests between the government …

Persistent link: https://www.econbiz.de/10010693469

Information Transmission and Ownership Consolidation in Aid Programs

Dreher, Axel; Marchesi, Silvia - CESifo - 2013

This paper explores the role of information transmission in explaining donors’ choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a “delegation-scheme.” Conversely,...

Persistent link: https://www.econbiz.de/10010701088

Agency and Communication in IMF Conditional Lending: Theory and Empirical Evidence

Marchesi, Silvia; Sabani, Laura; Dreher, Axel - CESifo - 2009

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...

Persistent link: https://www.econbiz.de/10005051565