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Trade Liberalization and Organizational Change
Conconi, Paola; Legros, Patrick; Newman, Andrew - C.E.P.R. Discussion Papers - 2008
We embed a simple incomplete-contracts model of organization design in a standard two-country perfectly-competitive trade model to examine how the liberalization of product and factor markets affects the ownership structure of firms. In our model, managers decide whether or not to integrate...
Persistent link: https://www.econbiz.de/10005788931
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Globalization, Credence Goods and International Civil Society
Krautheim, Sebastian; Verdier, Thierry - C.E.P.R. Discussion Papers - 2012
The process of globalization is characterized by an impressive growth in global value chains, as well as the … potential NGO emergence allows firms to capture gains from globalization, which would otherwise be unattainable. We show that …
Persistent link: https://www.econbiz.de/10011084080
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'Globalization' and Relocation in a Vertically Differentiated Industry
Cordella, Tito; Grilo, Isabel - C.E.P.R. Discussion Papers - 1998
decisions, when the removal either of trade barriers or of restrictions on capital outflows/inflows (‘globalization’) allows … yields the relocation of the whole industry, autarchy is strictly better, in welfare terms, than ‘globalization’. It is only … when relocation is a dominant strategy for one (and only one) of the firms, that ‘globalization’ may be unambiguously …
Persistent link: https://www.econbiz.de/10005661863
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Of Religion and Redemption: Evidence from Default on Islamic Loans
Baele, Lieven; Farooq, Moazzam; Ongena, Steven - C.E.P.R. Discussion Papers - 2011
Do religious beliefs affect real economic decisions? We investigate this fundamental question by comparing default rates on conventional and Islamic loans using a comprehensive monthly dataset from Pakistan that follows more than 150,000 loans over the period 2006:04 to 2008:12. We find robust...
Persistent link: https://www.econbiz.de/10009209832
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(Un)Happiness in Transition
Guriev, Sergei; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2009
Despite strong growth performance in transition economies in the last decade, residents of transition countries report abnormally low levels of life satisfaction. Using data from the World Values Survey and other sources, we study various explanations of this phenomenon. First, we document that...
Persistent link: https://www.econbiz.de/10005667036
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Competition and Well-Being
Brandts, Jordi; Riedl, Arno; Winden, Frans A.A.M. van - C.E.P.R. Discussion Papers - 2006
This paper experimentally studies the effects of competition in an environment where people's actions can not be contractually fixed. We find that, in comparison with no competition, the presence of competition does neither increase efficiency nor does it yield any gains in earnings for the...
Persistent link: https://www.econbiz.de/10005123778
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Inequality.
Richardson, S. - Research School of Economics, College of Business and … - 1997
The social sciences in Australia heve been vey active in decribing, measuring, debating and seeking to understand inequality. This essay assesses how the social sciences have gone abour this research task, thier main conclusions and what we still do not know.
Persistent link: https://www.econbiz.de/10005032834
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Decision-making Procedures: A General Theory and Its Field Experimental Test
Aldashev, Gani; Kirchsteiger, Georg; Sebald, Alexander - C.E.P.R. Discussion Papers - 2009
It is a persistent finding in psychology and experimental economics that people's behavior is not only shaped by …
Persistent link: https://www.econbiz.de/10005039581
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Neuroeconomic Foundation of Trust and Social Preferences
Fehr, Ernst; Fischbacher, Urs; Kosfeld, Michael - C.E.P.R. Discussion Papers - 2005
induces pro-social approach behaviour, suggesting that it may also affect pro-social behavior in humans. Indeed, the study …
Persistent link: https://www.econbiz.de/10005497729
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Seeds of Distrust: Conflict in Uganda
Rohner, Dominic; Thoenig, Mathias; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2012
We study the effect of civil conflict on social capital, focusing on the experience of Uganda during the last decade. Using individual and county-level data, we document large causal effects on trust and ethnic identity of an exogenous outburst of ethnic conflicts in 2002-05. We exploit two...
Persistent link: https://www.econbiz.de/10011083530