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The effect of the UK stamp duty land tax on household mobility

Hilber, Christian A. L.; Lyytikainen, Teemu - London School of Economics (LSE) - 2012

We estimate the effect of the UK Stamp Duty Land Tax on household mobility using micro data. Exploiting a discontinuity in the tax schedule as a quasi-experimental setting, we isolate the impact of the stamp duty from other determinants of mobility. Our empirical strategy essentially compares...

Persistent link: https://www.econbiz.de/10011126731

Transaction costs and the robustness of the Coase Theorem

Anderlini, Luca; Felli, Leonardo - London School of Economics (LSE) - 2000

This paper explores the extent to which the presence of ex-ante transaction costs may lead to failures of the Coase Theorem. In particular we identify and investigate the basic ‘hold-up problem’ which arises whenever the parties to a Coasian negotiation have to pay some ex-ante costs for the...

Persistent link: https://www.econbiz.de/10010745037

Rising trade costs?: agglomeration and trade with endogenous transaction costs

Duranton, Gilles; Storper, Michael - London School of Economics (LSE) - 2005

While transport costs have fallen, the empirical evidence also points at rising total trade costs. In a model of industry location with endogenous transaction costs, we show how and under which conditions a decline in transport costs can lead to an increase in the total cost of trade.

Persistent link: https://www.econbiz.de/10010745746

Financial integration and asset returns

Martin, Philippe; Rey, Helene - London School of Economics (LSE) - 2000

The paper investigates the impact of financial integration on asset return, risk diversification and breadth of financial markets. We analyse a three-country macroeconomic model in which (i) the number of financial assets is endogenous; (ii) assets are imperfect substitutes; (iii) cross-border...

Persistent link: https://www.econbiz.de/10010746145

Financial super-markets: size matters for asset trade

Martin, Philippe; Rey, Helene - London School of Economics (LSE) - 2000

The paper presents a two-country macroeconomic model in which the number of financial assets is endogenous. Imperfect substitutability of assets and international transaction costs give a comparative advantage to large markets, because of demand effects. Agents have more incentives to undertake...

Persistent link: https://www.econbiz.de/10010746452

Does hospital competition save lives? Evidence from the English NHS patient choice reforms

Cooper, Zack; Gibbons, Stephen; Jones, Simon; McGuire, … - London School of Economics (LSE) - 2011

competitive markets. Our results suggest that hospital competition can lead to improvements in hospital quality. …

Persistent link: https://www.econbiz.de/10011126074

Big ideas: innovation policy

Van Reenen, John - London School of Economics (LSE) - 2011

In the last CentrePiece, John Van Reenen stressed the importance of competition and labour market flexibility for …

Persistent link: https://www.econbiz.de/10011126545

From Russia with love: the impact of relocated firms on incumbent survival

Falck, Oliver; Guenther, Christina; Heblich, Stephan; … - London School of Economics (LSE) - 2011

effects are due to increased competition for local resources. …

Persistent link: https://www.econbiz.de/10011126565

A British industrial success: productivity in the Lancashire and New England cotton spinning industries a century ago

Leunig, Tim - London School of Economics (LSE) - 2003

stems from more intensive competition, manifested through external economies of scale and longer production runs. We finish …

Persistent link: https://www.econbiz.de/10010884525

Does hospital competition save lives?: evidence from the English NHS patient choice reforms

Cooper, Zack; Gibbons, Stephen; Jones, Simon; McGuire, … - London School of Economics (LSE) - 2010

This paper examines whether or not hospital competition in a market with fixed reimbursement prices can prompt …. This paper assesses whether this aim has been achieved and competition led to improvements in quality. For our estimation … improved) for patients living in more competitive markets after the introduction of hospital competition in January 2006. Our …

Persistent link: https://www.econbiz.de/10010884675