Showing 1 - 10 of 201
This paper investigates the relation between the rise in external debt and fiscal developments in Greece. We use an … reduction in (non-interest) government expenditure. They also suggest that in the case of Greece there is no further scope for a … steady-state increase in seigniorage revenue. In fact, the inflation rate slightly exceeds the seigniorage-maximizing rate …
Persistent link: https://www.econbiz.de/10005791963
net winner of unexpected price level increases, with Italy, Greece, Portugal and Spain being the biggest beneficiaries …, and Belgium and Malta being the largest losers. Governments are net winners of inflation, while the household (HH) sector …, while HHs in Finland and Spain turn out to be net winners of inflation. Considerable heterogeneity exists also within the HH …
Persistent link: https://www.econbiz.de/10011084690
Patterns of female employment participation are compared in a variety of European countries with differing levels of child care provision. The earnings forgone over a lifetime by a woman bearing children (compared with the earnings of her childless counterpart) are simulated for four countries,...
Persistent link: https://www.econbiz.de/10005666816
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
We study the impact of information revelation on efficiency in auctions. In a constrained-efficient mechanism, i.e. a mechanism that is efficient subject to the incentive-compatibility constraint, any additional information available to bidders increases the expected efficiency of the mechanism....
Persistent link: https://www.econbiz.de/10005067415
We present a method for identifying and estimating the gains from trade in limit order markets and provide new empirical evidence that the limit order market is a good market design. The gains from trade in our model arise because traders have different valuations for the stock. We use...
Persistent link: https://www.econbiz.de/10005661605
The paper identifies the potential sources of allocative inefficiency generated by the Multi-Fiber Agreements (MFA) and examines the evidence for such inefficiencies. Five sources of inefficiency are identified relating to inefficient allocations across countries, across consumers, and among...
Persistent link: https://www.econbiz.de/10005136661
surveying Pakistani soccer-ball producers. We document six facts: (1) Mark-ups are more dispersed than costs; (2) Mark-ups and … costs increase with firm size; (3) The mark-up elasticity with respect to size exceeds the cost elasticity; (4) Costs …
Persistent link: https://www.econbiz.de/10011145410
Mexican exports to the US in 2001, this Paper estimates the likely costs of different RoO for final and intermediate goods … revealed preference criterion that estimated costs should be less than preference rates when utilization rates are …
Persistent link: https://www.econbiz.de/10005666719
effects across countries subjected to some set of PSRO and to compute estimates of the compliance costs associated with rules …
Persistent link: https://www.econbiz.de/10005666836