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Domestic Labour Markets and Foreign Direct Investment

Haaland, Jan I.; Wooton, Ian - C.E.P.R. Discussion Papers - 2003

We study how the labour market and industry uncertainty affect the investment decisions of multinational enterprises (MNEs). In an uncertain business climate, MNEs must take account of the future in deciding where to locate a branch plant. When wages are endogenously determined, both the...

Persistent link: https://www.econbiz.de/10005123539

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

Multinational Investment, Industry Risk and Policy Competition

Haaland, Jan I.; Wooton, Ian - C.E.P.R. Discussion Papers - 2002

In an uncertain business climate, multinational enterprises must take account of future exit costs in deciding where to locate a branch plant. We study how differences in national labour-market conditions between countries influence this decision. Other things equal, the most attractive location...

Persistent link: https://www.econbiz.de/10005661807

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

Demand learning and firm dynamics: evidence from exporters

Berman, Nicolas; Rebeyrol, Vincent; Vicard, Vincent - C.E.P.R. Discussion Papers - 2015

especially strong in the first years after entry. However, the bulk of accumulated knowledge is lost during short periods of exit …

Persistent link: https://www.econbiz.de/10011213311

Idiosyncratic Volatility and Product Market Competition

Gaspar, José-Miguel; Massa, Massimo - C.E.P.R. Discussion Papers - 2004

This Paper investigates the link between a firm’s competitive environment and the idiosyncratic volatility of its stock returns. We find that firms enjoying high market power, or established in concentrated industries, have lower idiosyncratic volatility. We posit that competition affects...

Persistent link: https://www.econbiz.de/10005791374

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