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Revolutionary Effects of New Information Technologies

den Berg, Gerard J van - C.E.P.R. Discussion Papers - 2005

In markets with imperfect information and heterogeneity, the information technology affects the rate at which agents meet, which in turn affects the distribution of production technologies across firms. We show that in models for such markets there are typically multiple equilibria because...

Persistent link: https://www.econbiz.de/10005788903

Chicken and Egg: Competing Matchmakers

Caillaud, Bernard; Jullien, Bruno - C.E.P.R. Discussion Papers - 2001

intermediation on the Internet by allowing registration and transaction prices, and multiple registration. When only registration …

Persistent link: https://www.econbiz.de/10005136667

Competing with Network Externalities and Price Discrimination

Jullien, Bruno - C.E.P.R. Discussion Papers - 2001

This Paper examines competition between a dominant network and a challenging network with third-degree or perfect price-discrimination, allowing for arbitrary configurations of network externalities, as well as horizontal and vertical product differentiation. Domination in the coordination game...

Persistent link: https://www.econbiz.de/10005661635

Does the 'New Economy' Measure up to the Great Inventions of the Past?

Gordon, Robert J - C.E.P.R. Discussion Papers - 2000

past, not in the future. The Internet fails as a Great Invention because much of its use involves substitution of existing … activities from one medium to another, because much Internet investment involves defence of market share rather than creation of … something of social value, because much Internet activity duplicates existing activity like mail order catalogues, while the …

Persistent link: https://www.econbiz.de/10005124176

Why Pay More? Corporate Tax Avoidance Through Transfer Pricing in OECD Countries

Bartelsman, Eric J; Beetsma, Roel - C.E.P.R. Discussion Papers - 2000

This paper presents evidence of profit shifting in response to differences in corporate tax rates for a large selection of OECD countries. In our estimates we control for the effects of tax rate changes on real activity. Our baseline estimates suggest that, on average, a unilateral increase in...

Persistent link: https://www.econbiz.de/10005504504

Fear of Outsourcing: Is It Justified?

Amiti, Mary; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2004

The recent media and political attention on service outsourcing from developed to developing countries gives the impression that outsourcing is exploding. As a result, workers in industrial countries are anxious about job losses. This Paper aims to establish what are the hypes and what are the...

Persistent link: https://www.econbiz.de/10005504627

Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31

Obstfeld, Maurice; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2003

What determines sovereign risk? We study the London bond market from the 1870s to the 1930s. Our findings support conventional wisdom concerning the limited credibility of the interwar gold standard. Before 1914, gold standard adherence effectively signalled credibility and shaved 40 to 60 basis...

Persistent link: https://www.econbiz.de/10005497898

Knowledge Spillovers at the World's Technology Frontier

Keller, Wolfgang - C.E.P.R. Discussion Papers - 2001

Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global spillovers favour convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of countries with persistently different levels of income per...

Persistent link: https://www.econbiz.de/10005497902

Taxation if Capital is Not Perfectly Mobile: Tax Competition versus Tax Exportation

Eijffinger, Sylvester C W; Wagner, Wolf - C.E.P.R. Discussion Papers - 2001

integration increases capital mobility and thus the incentive for countries to compete for capital. On the other hand, financial …

Persistent link: https://www.econbiz.de/10005497904

Capital Mobility, the Real Exchange Rate, and the Rate of Return to Capital in the Presence of Non-Traded Goods

Gatsios, Konstantine - C.E.P.R. Discussion Papers - 2000

This Paper constructs a general equilibrium trade model of a small open economy producing an exported good, an imported good and a non-traded good by using two or more factors of production, one of which, namely capital, is imperfectly internationally mobile. Within this framework, it is shown...

Persistent link: https://www.econbiz.de/10005498144