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Caminal, Ramon; Gual, Jordi; Vives, Xavier - C.E.P.R. Discussion Papers - 1989

We assess the state of competition in the Spanish banking system at the dawn of the integration of the European financial market. Banking in Spain has undergone a strong liberalization process in the last fifteen years, which has accelerated recently, evolving from a situation of tight...

Persistent link: https://www.econbiz.de/10005792462

Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations

Ljungqvist, Alexander P.; Marston, Felicia; Wilhelm Jr, … - C.E.P.R. Discussion Papers - 2003

We investigate directly whether analyst behaviour influenced the likelihood of banks winning underwriting mandates for a sample of 16,625 US debt and equity offerings sold between December 1993 and June 2002. We control for the strength of the issuer’s investment-banking relationships with...

Persistent link: https://www.econbiz.de/10005067469

Structural Adjustment in European Retail Banking: Some Views from Industrial Organisation

Neven, Damien J - C.E.P.R. Discussion Papers - 1989

This paper tries to assess how the current program of European integration will affect the structure of the European retail banking industry. It is argued that trade in banking services is, and will presumably remain, limited, while there is still concern about possible trade diversion. Next, we...

Persistent link: https://www.econbiz.de/10005281299

Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections

Do, Quoc-Anh; Lee, Yen-Teik; Nguyen, Bang Dang - C.E.P.R. Discussion Papers - 2015

Using the regression discontinuity design of close gubernatorial elections in the U.S., we identify a significant and positive impact of the social networks of corporate directors and politicians on firm value. Firms connected to elected governors increase their value by 3.89%. Political...

Persistent link: https://www.econbiz.de/10011249372

Corruption And Competition In Public Market Auctions

Compte, Olivier; Lambert-Mogiliansky, Ariane; Verdier, … - C.E.P.R. Discussion Papers - 2000

This paper investigates the effect of corruption on competition in government procurement auctions. Our assumption is … corruption is to facilitate collusion in price between firms. This can result in high public spending and inefficient allocation … which unilateral anti-corruption controls may restore price competition. …

Persistent link: https://www.econbiz.de/10005662229

Leniency and Whistleblowers in Antitrust

Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2006

fraud, or corruption - that share with cartels the crucial features that well designed leniency and whistleblower programs …

Persistent link: https://www.econbiz.de/10005662235

The Size and Scope of Government: Comparative Politics With Rational Politicians

Persson, Torsten; Tabellini, Guido - C.E.P.R. Discussion Papers - 1999

We try to demonstrate how economists may engage in research on comparative politics, relating the size and composition of government spending to the political system. A Downsian model of electoral competition and forward-looking voting indicates that majoritarian---as opposed to...

Persistent link: https://www.econbiz.de/10005662287

Corruption and Openness

Neeman, Zvika; Paserman, M. Daniele; Simhon, Avi - C.E.P.R. Discussion Papers - 2003

We consider a neoclassical growth model with endogenous corruption. Corruption and wealth, which are co-determined in … corruption, and if indeed as suggested by a number of empirical studies corruption hampers growth, then how did rich countries … relatively closed economies of the 19th century, the gains from corruption remained inside the country and became part of the …

Persistent link: https://www.econbiz.de/10005666630

The Simple Economics of Extortion: Evidence from Trucking in Aceh

Barron, Patrick; Olken, Benjamin - C.E.P.R. Discussion Papers - 2007

when designing anti-corruption policy. …

Persistent link: https://www.econbiz.de/10005666723

Tariff Evasion and Customs Corruption: Does PSI Help?

Anson, José; Cadot, Olivier; Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 2003

This Paper provides a new approach to the evaluation of pre-shipment inspection (PSI) programs as ways of improving tariff-revenue collection and reducing fraud when customs administrations are corrupt. We build a model highlighting the contribution of surveillance firms to the generation of...

Persistent link: https://www.econbiz.de/10005667042

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