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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

Debt-sensitive Majority Rules

Becker, Johannes Gerd; Gersbach, Hans; Grimm, Oliver - C.E.P.R. Discussion Papers - 2010

We examine debt-sensitive majority rules. According to such a rule, the higher a planned public debt, the higher the parliamentary majority required to approve it. In a two-period model we compare debt-sensitive majority rules with the simple majority rule when individuals differ regarding their...

Persistent link: https://www.econbiz.de/10008468567

Clientelism and Aid

Casamatta, Georges; Vellutini, Charles - C.E.P.R. Discussion Papers - 2006

Using a model of probabilistic voting, we analyse the impact of aid on the political equilibrium in the recipient country or region. We consider two kinds of politicians: the benevolent one is interested in promoting social welfare whereas the other one is clientelistic, his only goal being to...

Persistent link: https://www.econbiz.de/10005124076

Political Institutions and Economic Growth

Marsiliani, Laura; Renström, Thomas I - C.E.P.R. Discussion Papers - 2007

good and a public input. The benchmark institution is a parliament, where all decisions are taken. Party entry …

Persistent link: https://www.econbiz.de/10005504348

Competition, Cooperation, and Collective Choice

Markussen, Thomas; Reuben, Ernesto; Tyran, Jean-Robert - C.E.P.R. Discussion Papers - 2012

The ability of groups to implement efficiency-enhancing institutions is emerging as a central theme of research in economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma situation. Experimental results show that the...

Persistent link: https://www.econbiz.de/10011084279

Media Capture and Wealth Concentration

Corneo, Giacomo - C.E.P.R. Discussion Papers - 2003

While objective news coverage is vital to democracy, media bias can seriously distort collective decisions. This Paper develops a voting model where citizens are uncertain about the welfare effects induced by alternative policy options and derive information about those effects from the mass...

Persistent link: https://www.econbiz.de/10005789042

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

Awareness and AIDS: A Political Economy Perspective

Aldashev, Gani; Baland, Jean-Marie - C.E.P.R. Discussion Papers - 2012

Across African countries, prevention policies are unrelated to the prevalence of HIV/AIDS and, even in countries in which they were successful, these policies are often unstable or reversed. To explain these two puzzles, we propose a simple political economy model that examines how prevention...

Persistent link: https://www.econbiz.de/10011084348