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Pricing in Economies with a Variable Number of Commodities
Gilles, Robert P.; Diamantaras, Dimitrios - EconWPA - 1997
We present a general equilibrium model that encompasses the endogenous selection of a set of tradeable commodities. At its foundation we introduce the notion of a trade infrastructure as a set of social institutions describing the trade and production technologies available to the agents in the...
Persistent link: https://www.econbiz.de/10005135068
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Does Rapid Liberalization Increase Corruption?
Tavares, Samia - EconWPA - 2005
Corruption scandals seem to abound in countries that have recently undergone reform. Despite the proliferation of … stories in the news media, no one has examined whether reform—be it democratization or economic liberalization or both …—actually causes an increase in corruption. Theory provides no guidance as to the direction of causality—on the one hand, reforms make …
Persistent link: https://www.econbiz.de/10005125949
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Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence
David, Paul A.; Hall, Bronwyn H.; Toole, Andrew A. - EconWPA - 2000
Persistent link: https://www.econbiz.de/10005062402
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Unanimity Rule Constitutions
Gersbach, Hans; Erlenmaier, Ulrich - EconWPA - 2000
In this paper, we show that the shortcomings of the unanimity rule can be alleviated by complementing it with the following constitutional principles: broad packages with many public projects can only be proposed once in a legislative term, the agenda setter needs to pay the highest taxes he is...
Persistent link: https://www.econbiz.de/10005412479
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Courts, firms and allocation of credit
Shvets, Julia - EconWPA - 2005
The paper investigates whether and how performance of regional commercial courts has affected external credit of Russian enterprises between 1995 and 2002. The results show that more reliable courts lead to higher bank lending to firms. This occurs predominantly through expansion of the number...
Persistent link: https://www.econbiz.de/10005118841
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Artfilms, Handicrafts and Other Cultural Goods: The Case for Subsidy
Aubert, Cecile; Bardhan, Pranab K.; Dayton-Johnson, Jeff - EconWPA - 2004
Though widespread, the practice of public subsidies for cultural activity lacks a rigorous and consistent economic rationale. We analyze a canonical market structure that characterizes much cultural activity: the competition of mass-produced goods with heterogeneous non- standardized goods that...
Persistent link: https://www.econbiz.de/10005125963
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Economic Effects of the New German Copyright Contract Law
Jansen, Christian - EconWPA - 2003
industry. The changes assume the existence of a prevailing “structural superiority” of media companies over their contractual …
Persistent link: https://www.econbiz.de/10005126021
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On the Supply of Creative Work: Evidence from the Movies
Hui, Kai-Lung; Png, Ivan P.L. - EconWPA - 2002
In this paper, we investigate the impact of economic incentives on the international supply of big-screen movies. More particularly, we also study the impact of a 1998 increase in the term of copyright on U.S. movie production.
Persistent link: https://www.econbiz.de/10005126035
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Convergence and the Potential Ban on Interactive Product Placement in Germany
Jansen, Christian - EconWPA - 2003
This paper addresses the economic impact of German advertising regulations. The digital convergence of media provides a …
Persistent link: https://www.econbiz.de/10005126063
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Do Ads Influence Editors? Advertising and Bias in the Financial Media
Reuter, Jonathan; Zitzewitz, Eric - EconWPA - 2005
financial media. We find that major personal finance magazines (Money, Kiplinger’s Personal Finance, and SmartMoney) are more … for mentions in the New York Times or Wall Street Journal. Positive media mentions in both newspapers and magazines are …
Persistent link: https://www.econbiz.de/10005134846