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A Model Of Market-Enhancing Infrastructure

Aghion, Philippe; Schankerman, Mark - C.E.P.R. Discussion Papers - 2000

asymmetric firms, restructuring, and entry. We show how these welfare effects depend on the initial level of market development …, and restructuring and entry costs. The model generates an endogenous demand for infrastructure investment, and the … simulate the relative welfare effects of reducing transport, restructuring and entry costs, and we evaluate in each case the …

Persistent link: https://www.econbiz.de/10005656176

Competition, Entry, and the Social Returns to Infrastructure in Transition Economies

Aghion, Philippe; Schankerman, Mark - C.E.P.R. Discussion Papers - 1999

incentives for relatively low-cost firms to enter the market, and thus improves the efficiency of the entry process. The … among firms, the proportion of high-cost firms, the cost of restructuring, and entry costs for new firms. …

Persistent link: https://www.econbiz.de/10005667044

Personal Redistribution and the Regional Allocation of Public Investment

Caminal, Ramon - C.E.P.R. Discussion Papers - 2000

Should the geographic allocation of public investment aim at reducing regional inequalities or should it exclusively be concerned with the maximization of aggregate output? In this Paper I study the potential role of public investment in reducing personal welfare inequality, in combination with...

Persistent link: https://www.econbiz.de/10005498048

Expanding the Welfare System: A Proposal for Reform

Orszag, Mike; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997

This proposal involves the establishment of ‘welfare accounts’ for every person in a country. There are four accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital account (covering education and training), and a health...

Persistent link: https://www.econbiz.de/10005661484

The Effects of Drug Subsidies on Out-of-Poket Prescription Drug Expenditures by seniors: regional Evidence from Canada.

Crossley, Thomas F.; Grootendorst, Paul; Kokkmaz, Sule; … - Research School of Economics, College of Business and … - 2000

In this study we try to evaluate some of the redistributive aspects of public drug plan for seniors by examining the effects on out-of-pocket expenditures of such drug plan in Canada.

Persistent link: https://www.econbiz.de/10004971422

Competition and Quality in Regulated Markets: a Differential-Game Approach

Brekke, Kurt Richard; Cellini, Roberto; Siciliani, Luigi; … - C.E.P.R. Discussion Papers - 2008

We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public utilities) taking a differential game approach, in which quality is a stock variable. Using a Hotelling framework, we derive the open-loop solution (providers commit to an...

Persistent link: https://www.econbiz.de/10005504502