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Competitive Markets with Endogenous Health Risks

Bennardo, Alberto; Piccolo, Salvatore - C.E.P.R. Discussion Papers - 2005

We study a general equilibrium model where agents' preferences, productivity and labour endowments depend on their health status, and occupational choices affect individual health distributions. Efficiency typically requires agents of the same type to obtain different expected utilities if...

Persistent link: https://www.econbiz.de/10005662275

Cannabis use and suicidal ideation

Fergusson, David; Horwood, John; Ours, Jan C van; … - C.E.P.R. Discussion Papers - 2012

Globally, suicide has emerged as the second leading cause of death among youth aged 10-24 years old. In order to better understand the causes of this phenomenon, we investigate the relationship between suicidal ideation and cannabis use. Our empirical analysis is based on a 30 year longitudinal...

Persistent link: https://www.econbiz.de/10011084327

Multitasking, Quality and Pay for Performance

Kaarboe, Oddvar Martin; Siciliani, Luigi - C.E.P.R. Discussion Papers - 2008

We present a model of optimal contracting between a purchaser and a provider of health services when quality has two dimensions. We assume that one dimension of quality is verifiable (dimension 1) and one dimension is not verifiable (dimension 2). We show that the power of the incentive scheme...

Persistent link: https://www.econbiz.de/10005791404

Paying for Performance with Altruistic or Motivated Providers

Siciliani, Luigi - C.E.P.R. Discussion Papers - 2007

separating equilibrium can emerge, depending on the degree of altruism, characterised as very low, low, high and very high. i …) For very low altruism the quantity of the efficient and inefficient types is distorted upwards and downwards respectively …; the efficient type makes a positive profit. ii) For low altruism the quantity of the efficient and inefficient types is …

Persistent link: https://www.econbiz.de/10005661600

Precipitation, Profits, and Pile-Ups

Leigh, Andrew - Research School of Economics, College of Business and … - 2009

In considering the economic impacts of climatic changes, economists frequently use annual national income as a proxy for social welfare. I show that such studies suffer from a significant bias, arising from the fact that such models typically ignore changes in mortality rates. Using panel data...

Persistent link: https://www.econbiz.de/10008511764

Acid Rain

Newbery, David M G - C.E.P.R. Discussion Papers - 1990

Acid rain is caused by sulphur dioxide (SO2), largely from power stations, and nitrogen oxides (NOx), half of which comes from vehicles. The paper attempts to quantify the costs and benefits of abatement in Europe, and concludes that the current agreement on uniform reductions from 1980 levels...

Persistent link: https://www.econbiz.de/10005281281

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

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

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

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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