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Consequences of Debt Relief Initiatives in the 1990s

Hepp, Ralf - EconWPA - 2005

In this paper I investigate the effects of recent debt relief initiatives such as the Heavily Indebted Poor Countries (HIPC) Debt Initiative of 1996 on resource flows to developing countries. Focusing on a sample of low-income countries, I concentrate on the following questions. First, is the...

Persistent link: https://www.econbiz.de/10005408157

Is Investing College Education Risky?

Chen, Stacey H. - EconWPA - 2002

Attending college seems to be a profitable and affordable investment in the US. Nevertheless, a number of academically talented young people still hesitate to attend college. This puzzle motivates this paper to test for whether college education is a risky investment. To measure the riskiness of...

Persistent link: https://www.econbiz.de/10005076547

Evidence on the Incentive Properties of Share Contracts

Braido, Luis H.B. - EconWPA - 2005

Ever since Adam Smith, share contracts have been condemned for their lack of incentives. Sharecropping tenants face … incentives to undersupply productive inputs since they receive only a fraction of the marginal revenue. The empirical literature … incentives) seems to be behind the existing evidence on the productive disadvantage of share contracts. …

Persistent link: https://www.econbiz.de/10005556067

The Institutions of Federalism: Toward an Analytical Framework

Wildasin, David E. - EconWPA - 2004

federation. This paper outlines an analytical framework within which interjurisdictional spillovers may create incentives for …

Persistent link: https://www.econbiz.de/10005076603

Quality Externalities among Hotel Establishments: What is the Impact of Tour Operators

Calveras, Aleix; Vera-Hernandez, Marcos - EconWPA - 2003

a given tourist destination. We emphasize the presence of quality externalities among hotel establishments, and see that …

Persistent link: https://www.econbiz.de/10005134461

The Role and Evolution of Central Authorities

Frijters, Paul; Tieman, Alexander F. - EconWPA - 1999

In this paper we argue that authorities aid cooperation by means of direct coordination or the enforcement of pre-commitment devices such as contract laws.Credible threats of violence allow this role. In a local interaction model, an authority forms if mutually connected individuals with...

Persistent link: https://www.econbiz.de/10005412451

Externalities, Property Rights and Profitability: A Data Envelopment Analysis Investigation

Fare, R.; Grosskopf, S.; Lee, Wen-Fu - EconWPA - 1995

In this paper we introduce DEA models that can be used to compute the way firms' profitability changes when the assignment of property rights changes.

Persistent link: https://www.econbiz.de/10005412497

Externalities of the Microsoft^Rs Network Goods

Leitão, João; Osório, Carlos - EconWPA - 2002

This paper aims to make a public statement about the strategy implemented by Microsoft in order to reinforce its market power across the networked users of Windows Operative System, and Xbox Games Console. It is presented an economic view that supports the anticipating (not predatory) position...

Persistent link: https://www.econbiz.de/10005412955

A Note on Funaki and Yamato's Tragedy of the Commons

Kóczy, László Á. - EconWPA - 2002

In the model of Funaki and Yamato (1999) the tragedy of the commons can be avoided with pessimistic players, while this does not hold for optimistic players. We propose a new core concept to overcome this puzzle and provide numerical simulations of simple games where the conclusions coincide or...

Persistent link: https://www.econbiz.de/10005550950

Per-Mile Premiums for Auto Insurance

Edlin, Aaron S. - EconWPA - 1999

's [1968] central insights about the accident externalities of driving. We use this model to estimate the driving, accident … premiums are taxed to account for accident externalities would be $32 - $43 billion, or $187 -$254 per vehicle, exclusive of …

Persistent link: https://www.econbiz.de/10005561012