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Can Market Failure Cause Political Failure

Aney, Madhav; Ghatak, Maitreesh; Morelli, Massimo - C.E.P.R. Discussion Papers - 2011

We study how inefficiencies of market failure may be further amplified by political choices made by interest groups created in the inefficient market. We take an occupational choice framework, where agents are endowed heterogeneously with wealth and talent. In our model, market failure due to...

Persistent link: https://www.econbiz.de/10009246601

Part-Time Employment Traps and Childcare Policy

Booth, Alison L; Coles, Melvyn G - C.E.P.R. Discussion Papers - 2004

childcare policy can be used not only to correct the ex post under-participation problem but also to provide efficient …

Persistent link: https://www.econbiz.de/10005123718

Exchange Rate Regimes in the Modern Era: Fixed, Floating, and Flaky

Rose, Andrew K - C.E.P.R. Discussion Papers - 2010

This paper provides a selective survey of the incidence, causes, and consequences of a country’s choice of its exchange rate regime. I begin with a critical review of Klein and Shambaugh’s (2010) book Exchange Rate Regimes in the Modern Era, and then proceed to provide an alternative...

Persistent link: https://www.econbiz.de/10008611016

The Welfare Effects of Bundling in Multichannel Television Markets

Crawford, Gregory S; Yurukoglu, Ali - C.E.P.R. Discussion Papers - 2011

We measure how the bundling of television channels affects welfare. We estimate an industry model of viewership, demand, pricing, bundling, and input market bargaining using data on ratings, purchases, prices, bundles, and input costs. We conduct simulations of à la carte policies that require...

Persistent link: https://www.econbiz.de/10009001064

Media and Politics

Strömberg, David - C.E.P.R. Discussion Papers - 2015

This article provides a review of recent literature in economics on the effect of mass media on politics. The focus is on the welfare effects of mass media. I also discuss the likely implications of existing behavioral theories of media effects, developed outside of economics.

Persistent link: https://www.econbiz.de/10011168894

Protectionism Isn’t Counter-Cyclic (anymore)

Rose, Andrew K - C.E.P.R. Discussion Papers - 2012

Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions. While that may have been a valid description of the data before the Second World War, it is no longer accurate. In the post-war era, protectionism has not actually moved...

Persistent link: https://www.econbiz.de/10011083599

Trade and Investment under Policy Uncertainty: Theory and Firm Evidence

Handley, Kyle; Limão, Nuno - C.E.P.R. Discussion Papers - 2012

We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment … and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create … dynamic, heterogeneous firms model we show that: (i) investment and entry into export markets is reduced when trade policy is …

Persistent link: https://www.econbiz.de/10011083993

Energy and Climate Change in China

Carraro, Carlo; Massetti, Emanuele - C.E.P.R. Discussion Papers - 2012

This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with five scenarios in which Greenhouse Gases emissions are taxed, at different levels. The elasticity of China’s emissions is...

Persistent link: https://www.econbiz.de/10011084331

Rural-Urban Migration and Unemployment: Theory and Policy Implications

Zenou, Yves - C.E.P.R. Discussion Papers - 2010

-urban migration. In this respect, the employment subsidy policy can backfire by raising rather than reducing urban unemployment. …

Persistent link: https://www.econbiz.de/10008784746

Euro Area Government Bonds—Integration and Fragmentation During the Sovereign Debt Crisis

Ehrmann, Michael; Fratzscher, Marcel - C.E.P.R. Discussion Papers - 2015

in yields following the OMT announcement, the high current degree of fragmentation poses difficult challenges for policy …-makers, since it leads to an unequal transmission of the ECB’s monetary policy to the various countries. …

Persistent link: https://www.econbiz.de/10011276387

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