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Complementarities in Innovation Policy
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
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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
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Effects of Deregulation and Vertical Unbundling on the Performance of China's Electricity Generation Sector
Gao, Hang; Van Biesebroeck, Johannes - C.E.P.R. Discussion Papers - 2011
We study whether the 2002 deregulation and vertical unbundling of the Chinese electricity sector has boosted productivity in the generation segment of the industry. Controlling explicitly for sources of price-heterogeneity across firms and for firm-fixed effects, we find deregulation to be...
Persistent link: https://www.econbiz.de/10009385757
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Wage Mobility in Israel: The Effect of Sectoral Concentration
Cardoso, Ana Rute; Neuman, Shoshana; Ziderman, Adrian - C.E.P.R. Discussion Papers - 2007
Using a unique eight-year data set, merging population census and national insurance data, the paper examines and compares patterns of wage mobility in Israel. First, the public and the private sectors are compared. Second, within each of these sectors, a distinction is made between sub-sector...
Persistent link: https://www.econbiz.de/10005662341
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Reliability and Competitive Electricity Markets
Joskow, Paul L; Tirole, Jean - C.E.P.R. Discussion Papers - 2007
This paper seeks to bridge the gap between economists focused on designing competitive market mechanisms and engineers focused on the physical attributes and engineering requirements they perceive as being needed for operating a reliable electric power system. The paper starts by deriving the...
Persistent link: https://www.econbiz.de/10005788956
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Environmental Feedbacks and Optimal Taxation in Oligopoly
Carraro, Carlo; Soubeyran, Antoine - C.E.P.R. Discussion Papers - 1995
The paper analyses the problem of optimal taxation in oligopoly when environmental degradation induced by the industry production process feeds back into market demand. The main assumption is that economic agents and the policy-maker care about the environment only because its degradation...
Persistent link: https://www.econbiz.de/10005789196
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Industrial and Trade Policies for the Emerging Market Economies
Audretsch, David B - C.E.P.R. Discussion Papers - 1994
The purpose of this paper is to suggest how institutions can be created and modified to devise and implement industrial policy in the emerging market economies. Two main issues confronting industrial policy institutions are how to avoid regulatory capture, that is, having those policy-makers...
Persistent link: https://www.econbiz.de/10005791806
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Strategic Pricing and Entry under Universal Service and Cross-Market Price Constraints
Anton, James J; Weide, James H Vander; Vettas, Nikolaos - C.E.P.R. Discussion Papers - 1998
In this paper, we examine how cross-market price restrictions impact strategic entry and pricing decisions. A motivating example is the 1996 Act in the United States which opens telecommunications markets to competition and contains a provision for universal service, requiring that advanced...
Persistent link: https://www.econbiz.de/10005792026
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Toc 'n' Roll: Bargaining, Service Quality and Specificity in the UK Railway Network
De Fraja, Gianni; Michetti, Emanuela; Zanchettin, Piercarlo - C.E.P.R. Discussion Papers - 2008
The paper studies the regulatory design in a industry where the regulated downstream provider of services to final consumers purchases the necessary inputs from an upstream supplier. The model is closely inspired by the UK regulatory mechanism for the railway network. Its philosophy is one of...
Persistent link: https://www.econbiz.de/10005792445
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Capacity and Product Market Competition: Measuring Market Power in a 'Fat-Cat' Industry
Röller, Lars-Hendrik; Siekles, Robin - C.E.P.R. Discussion Papers - 1998
In this paper we specify and estimate a structural model which accounts for competition in two variables: capacity and prices. The model has a two-stage set-up. In the first stage firms make capacity decisions followed by a product-differentiated, price-setting game in the second stage. Since...
Persistent link: https://www.econbiz.de/10005123777