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Mohnen, Pierre; Röller, Lars-Hendrik - C.E.P.R. Discussion Papers - 2001

This Paper develops a framework for testing discrete complementarities in innovation policy using European data on … obstacles to innovation. We propose a discrete test of supermodularity in innovation policy leading to a number of inequality … constraints. We apply our test to two types of innovation decisions: to innovate or not, and if so, by how much. We find that …

Persistent link: https://www.econbiz.de/10005661425

Human Capital, Innovation, and Climate Policy: An Integrated Assessment

Carraro, Carlo; De Cian, Enrica; Tavoni, Massimo - C.E.P.R. Discussion Papers - 2012

This paper looks at the interplay between human capital and innovation in the presence of climate and educational … moderate, short-term consumption loss. Human capital is complement to all forms of innovation and an educational policy … stimulates both energy and general purpose innovation. This result has important policy implications considering the growing …

Persistent link: https://www.econbiz.de/10011084481

Does the Separation of Regulatory Powers Reduce the Threat of Capture? Evidence from the US Maritime Bureaucracy

Uribe, Marín; Luis, Pedro; Sicotte, Richard - C.E.P.R. Discussion Papers - 2003

Recent economic theories have investigated the susceptibility of diverse public bureaucratic structures to capture by private industry. In particular, Laffont and Martimort (1999) propose that the separation of regulatory powers will reduce the threat of capture. We analyse investor reaction to...

Persistent link: https://www.econbiz.de/10005504380

Tying-in Two-Sided Markets and the Honour All Cards Rule

Rochet, Jean-Charles; Tirole, Jean - C.E.P.R. Discussion Papers - 2007

Payment card associations offer both debit and credit cards and, until recently, engaged in a tie-in on the merchant side through the so-called honour-all-cards (HAC) rule. The HAC rule came under attack on the grounds that the credit and debit card markets are separate markets and that the...

Persistent link: https://www.econbiz.de/10005497791

Excesses and Limits of the Public Sector in the Italian Economy. The Ongoing Reform

Schioppa, Padoa; Kostoris, Fiorella - C.E.P.R. Discussion Papers - 1994

This paper provides factual evidence on the extent of public intervention in the Italian economy. It further illustrates the internal contradictions and weaknesses of public action in Italy. New policy proposals to solve old structural problems of the Bel Paese are then discussed. Among them, a...

Persistent link: https://www.econbiz.de/10005498095

Provider competition and over-utilization in health care

Boone, Jan; Douven, Rudy - C.E.P.R. Discussion Papers - 2014

This paper compares the welfare effects of three ways in which health care can be organized: no competition (NC), competition for the market (CfM) and competition on the market (CoM) where the payer offers the optimal contract to providers in each case. We argue that each of these can be optimal...

Persistent link: https://www.econbiz.de/10011083835

The Impact of Maximum Markup Regulation on Prices

Genakos, Christos D.; Koutroumpis, Pantelis; Pagliero, Mario - C.E.P.R. Discussion Papers - 2014

We study the repeal of a regulation that imposed maximum wholesale and retail markups for all but five fresh fruits and vegetables. We compare the prices of products affected by regulation before and after the policy change and use the unregulated products as a control group. We find that...

Persistent link: https://www.econbiz.de/10011084020

Cooperative Investment, Uncertainty and Access

Bourreau, Marc; Cambini, Carlo; Hoernig, Steffen - C.E.P.R. Discussion Papers - 2013

We investigate cooperative investment for the deployment of a new infrastructure, and how it interacts with access obligations and demand uncertainty. Co-investment increases total coverage only if service differentiation and/or cost savings from joint investment, in particular due to high...

Persistent link: https://www.econbiz.de/10011084539

Investment Incentives and Auction Design in Electricity Markets

de Frutos, Maria-Angeles; Fabra, Natalia; Fehr, … - C.E.P.R. Discussion Papers - 2008

Motivated by the regulatory debate in electricity markets, we seek to understand how market design affects market performance through its impact on investment incentives. For this purpose, we study a two-stage game in which firms choose their capacities under demand uncertainty prior to bidding...

Persistent link: https://www.econbiz.de/10005656328

Entry Barriers in Retail Trade

Schivardi, Fabiano; Viviano, Eliana - C.E.P.R. Discussion Papers - 2008

The 1998 reform of the Italy's retail trade sector delegated the regulation of entry of large stores to the regional governments. We use the local variation in regulation to determine the effects of entry barriers on firms' performance for a representative sample of retailers. We address the...

Persistent link: https://www.econbiz.de/10005661440