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Incentives for Managers and Inequality Among Workers: Evidence from a Firm Level Experiment
Bandiera, Oriana; Barankay, Iwan; Rasul, Imran - C.E.P.R. Discussion Papers - 2006
to incentives by targeting their efforts towards more able workers, implying that both the mean and the dispersion …
Persistent link: https://www.econbiz.de/10005788932
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Community-based Targeting and Initial Local Conditions: Evidence from Indonesia’s IDT Program
Yamauchi, Chikako - Research School of Economics, College of Business and … - 2008
. Using Indonesia's anti-poverty program, this paper investigates which pre-program conditions are associated with community …-based targeting outcomes. Results show that wealthier and more unequal villages constantly target better. This suggests that, though … exhibit better targeting, but lose this advantage over time, as the monitoring of loan disbursement becomes more difficult for …
Persistent link: https://www.econbiz.de/10005032850
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Heterogeneity in the Returns to Investment in Poor Villages
Yamauchi, Chikako - Research School of Economics, College of Business and … - 2008
Under Indonesia's anti-poverty program, IDT, the government provided selected poor villages with grants of the same …
Persistent link: https://www.econbiz.de/10005032874
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Are Compact Cities Environmentally Friendly?
Gaigné, Carl; Riou, Stéphane; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2011
There is a large consensus among international institutions and national governments to favor urban-containment policies - the compact city - as a way to improve the ecological performance of the urban system. This approach overlooks a fundamental fact: what matters for the ecological outcome of...
Persistent link: https://www.econbiz.de/10008867493
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Financial Integration, Specialization, and Systemic Risk
Fecht, Falko; Grüner, Hans Peter; Hartmann, Philipp - C.E.P.R. Discussion Papers - 2012
This paper studies the implications of cross-border financial integration for financial stability when banks' loan portfolios adjust endogenously. Banks can be subject to sectoral and aggregate domestic shocks. After integration they can share these risks in a complete interbank market. When...
Persistent link: https://www.econbiz.de/10011083631
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Competing on Speed
Pagnotta, Emiliano; Philippon, Thomas - C.E.P.R. Discussion Papers - 2012
Two forces have reshaped global securities markets in the last decade: Exchanges operate at much faster speeds and the trading landscape has become more fragmented. In order to analyze the positive and normative implications of these evolutions, we study a framework that captures (i)...
Persistent link: https://www.econbiz.de/10011084319
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Tiered Housing Allocation: an Experimental Analysis
Carrillo, Juan D; Singhal, Saurabh - C.E.P.R. Discussion Papers - 2011
We study in the laboratory, a variant of the house allocation with existing tenants problem where agents are partitioned into tiers with different privileges. Members of higher tiers receive their allocation before those in lower tiers and can also take the endowment of a member of a lower tier...
Persistent link: https://www.econbiz.de/10008854498
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The Cost of Nuclear Electricity: France after Fukushima
Boccard, Nicolas - Research School of Economics, College of Business and … - 2013
The Fukushima disaster has lead the French government to release novel cost information relative to its nuclear electricity program allowing us to compute a levelized cost. We identify a modest escalation of capital cost and a larger than expected operational cost. Under the best scenario, the...
Persistent link: https://www.econbiz.de/10011079144
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Price Controls and Consumer Surplus
Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 2009
The condition for when a price control increases consumer welfare in perfect competition is tighter than often realised. When demand is linear, a small restriction on price only increases consumer surplus if the elasticity of demand exceeds the elasticity of supply; with log-linear or...
Persistent link: https://www.econbiz.de/10004976788
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Fire-sale FDI
Acharya, Viral V; Shin, Hyun Song; Yorulmazer, Tanju - C.E.P.R. Discussion Papers - 2007
Capital flight associated with the onset of a financial crisis in a country is often accompanied by an inflow of capital associated with foreign direct investment (FDI). Our paper provides a theoretical framework for this puzzle, and draws wider conclusions on the welfare effects of foreign...
Persistent link: https://www.econbiz.de/10005788913