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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

Changing contributions of different agricultural policy instruments to global reductions in trade and welfare

Anderson, Kym; Croser, Johanna L. - C.E.P.R. Discussion Papers - 2010

Trade negotiators and policy advisors are keen to know the relative contribution of different farm policy instruments to international trade and economic welfare. Nominal rates of assistance or producer support estimates are incomplete indicators, especially when (especially in developing...

Persistent link: https://www.econbiz.de/10008468528

Agricultural Distortions in Sub-Saharan Africa: Trade and Welfare Indicators, 1961 to 2004

Anderson, Kym; Croser, Johanna L. - C.E.P.R. Discussion Papers - 2010

For decades, agricultural price and trade policies in Sub-Saharan Africa hampered farmers’ contributions to economic growth and poverty reduction. While there has been much policy reform over the past two decades, the injections of agricultural development funding, together with on-going...

Persistent link: https://www.econbiz.de/10008468599

Global Distortions to Agricultural Markets: New Indicators of Trade and Welfare Impacts, 1955 to 2007

Anderson, Kym; Croser, Johanna L.; Lloyd, Peter J - C.E.P.R. Discussion Papers - 2009

Despite recent reforms, world agricultural markets remain highly distorted by government policies. Traditional indicators of those price distortions can be poor guides to the policies’ economic effects. Recent theoretical literature provides indicators of trade- and welfare-reducing effects of...

Persistent link: https://www.econbiz.de/10005124247

Novel Indicators of the Trade and Welfare Effects of Agricultural Distortions in OECD Countries

Anderson, Kym; Croser, Johanna L. - C.E.P.R. Discussion Papers - 2010

Agricultural markets in OECD countries have long been highly distorted by government policies. Traditional weighted average aggregates of the price distortions involved, such as producer and consumer support estimates (PSEs and CSEs), can be poor indicators of the trade restrictiveness and...

Persistent link: https://www.econbiz.de/10008466338

How Do Agricultural Policy Restrictions to Global Trade and Welfare Differ Across Commodities?

Anderson, Kym; Croser, Johanna L.; Lloyd, Peter J - C.E.P.R. Discussion Papers - 2009

For decades the world’s agricultural markets have been highly distorted by national government policies, but very differently for different commodities. Hence a weighted average across countries of nominal rates of assistance or consumer tax equivalents for a product can be misleading as an...

Persistent link: https://www.econbiz.de/10005661685

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

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