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Heterogeneity, Stratification and Growth
Bénabou, Roland - C.E.P.R. Discussion Papers - 1993
heterogenous agents interact through local public goods or externalities (school funding, neighbourhood effects) and economy … particular when comparing local and national funding of education, which correspond to special cases of segregation and …
Persistent link: https://www.econbiz.de/10005666953
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Good rankings are bad - Why reliable rankings can hurt consumers
Bouton, Laurent; Kirchsteiger, Georg - C.E.P.R. Discussion Papers - 2011
due to consumption externalities. Finally, with perfectly flexible prices the ranking might increase the market power of …
Persistent link: https://www.econbiz.de/10009385758
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Naked exclusion: Towards a behavioral approach to exclusive dealing
Boone, Jan; Müller, Wieland; Suetens, Sigrid - C.E.P.R. Discussion Papers - 2009
We report experimental results on exclusive dealing inspired by the literature on "naked exclusion.'' Our key findings are: First, exclusion of a more efficient entrant is a widespread phenomenon in lab markets. Second, allowing incumbents to discriminate between buyers increases exclusion rates...
Persistent link: https://www.econbiz.de/10004991543
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Contracts, Externalities and Incentives in Shopping Malls
Gould, Eric D; Pashigian, B. Peter; Prendergast, Canice - C.E.P.R. Discussion Papers - 2002
This Paper demonstrates that mall store contracts are written to internalize externalities through both an efficient … allocation and pricing of space and an efficient allocation of incentives across stores. Certain stores generate externalities by …
Persistent link: https://www.econbiz.de/10005791485
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Persistent Differences in National Productivity Growth Rates with a Common Technology and Free Capital Mobility
Buiter, Willem H.; Kletzer, Kenneth - C.E.P.R. Discussion Papers - 1991
good (`human capital') whose augmentation requires a non-traded current input (time spent by the young in education rather …
Persistent link: https://www.econbiz.de/10005792009
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Allocative and Informational Externalities in Auctions and Related Mechanisms
Jehiel, Philippe; Moldovanu, Benny - C.E.P.R. Discussion Papers - 2006
We study the effects of allocative and informational externalities in (multi-object) auctions and related mechanisms …. Such externalities naturally arise in models that embed auctions in larger economic contexts. In particular, they appear … driving force behind many new, specific phenomena with allocative externalities: even in complete information settings …
Persistent link: https://www.econbiz.de/10005792072
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Dynamic Processes of Social and Economic Interactions: On the Persistence of Inefficiencies
Gomes, Armando R; Jehiel, Philippe - C.E.P.R. Discussion Papers - 2001
This Paper considers the efficiency and convergence properties of dynamic processes of social and economic interactions, such as exchange economies, multilateral negotiations, merger and divestiture transactions, or legislative bargaining. The key general feature of the economy is that agents...
Persistent link: https://www.econbiz.de/10005792299
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Multinationals, Technological Incompatibilities, and Spillovers
Carluccio, Juan; Fally, Thibault - C.E.P.R. Discussion Papers - 2010
Empirical studies provide evidence of positive spillovers from multinational firms to upstream suppliers coupled with negative spillovers to firms in the same industry. This paper shows that these empirical regularities can be rationalized in a model with incompatibilities between foreign and...
Persistent link: https://www.econbiz.de/10008530362
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Should We Worry About the Fiscal Numerology of Maastricht?
Buiter, Willem H. - C.E.P.R. Discussion Papers - 1992
The paper reviews and evaluates in a non-technical manner the economic and political arguments for and against the two fiscal convergence criteria written into the Treaty of Maastricht and its Protocols. In order to qualify for full membership in Economic and Monetary Union (EMU), net general...
Persistent link: https://www.econbiz.de/10005123517
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Foreign Direct Investment and Spillovers through Workers' Mobility
Fosfuri, Andrea; Motta, Massimo; Rønde, Thomas - C.E.P.R. Discussion Papers - 1999
We analyze a model where a multinational firm can use a superior technology in a foreign subsidiary only after training a local worker. Technological spillovers from foreign direct investment arise when this worker is later hired by a local firm. Pecuniary spillovers arise when the foreign...
Persistent link: https://www.econbiz.de/10005124087