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Do Unemployed Workers Benefit from Enterprise Zones? The French Experience

Gobillon, Laurent; Magnac, Thierry; Selod, Harris - C.E.P.R. Discussion Papers - 2010

employment. The work relies on a two-stage analysis of unemployment spells drawn from an exhaustive dataset over the 1993 …

Persistent link: https://www.econbiz.de/10008683527

Policy Complementarities: The Case for Fundamental Labour Market Reform

Coe, David T; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997

labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary … effects on unemployment; and thus (b) that policies aimed at reforming these institutions are also complementary. These policy …) is unlikely to achieve significant reductions in unemployment. Rather, labour market reform becomes particularly …

Persistent link: https://www.econbiz.de/10005791663

The Pricing of Art and the Art of Pricing: Pricing Styles in the Concert Industry

Courty, Pascal; Pagliero, Mario - C.E.P.R. Discussion Papers - 2012

We document the existence of pricing styles in the concert industry. Artists differ in the extent to which they rely on second- and third-degree price discrimination and in how likely they are to sell out concerts. Most strikingly, artists who use multiple seating categories are more likely to...

Persistent link: https://www.econbiz.de/10011084535

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

An Equilibrium Theory of Rationing

Gilbert, Richard; Klemperer, Paul - C.E.P.R. Discussion Papers - 1993

Setting a price that results in rationing may be optimal for a seller whose customers must make a specific investment to be able to use his product. Although rationing results in <MI>ex post<D> inefficiency, the resulting distribution of <MI>ex post<D> surplus compensates consumers for their...</d></mi></d></mi>

Persistent link: https://www.econbiz.de/10005788950

The Allocative Cost of Price Ceilings: Lessons to be Learned from the US Residential Market for Natural Gas

Davis, Lucas W; Kilian, Lutz - C.E.P.R. Discussion Papers - 2007

Following a Supreme Court decision in 1954, natural gas markets in the U.S. were subject to 35 years of intensive federal regulation. Several studies have measured the deadweight loss from the price ceilings that were imposed during this period. This paper concentrates on an additional component...

Persistent link: https://www.econbiz.de/10005791833

Responsive Pricing

Courty, Pascal; Pagliero, Mario - C.E.P.R. Discussion Papers - 2003

We study the efficiency property of responsive pricing - a scheme first proposed by Vickrey - that increases prices as a function of capacity utilization. We show that although responsive pricing implements allocations that are arbitrarily close to market clearing, these allocations are not...

Persistent link: https://www.econbiz.de/10005791922

Why every Economist should Learn some Auction Theory

Klemperer, Paul - C.E.P.R. Discussion Papers - 2000

This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric Society to be held in Seattle in August 2000. We discuss the strong connections between auction theory and 'standard' economic theory, and argue that auction-theoretic tools and intuitions can...

Persistent link: https://www.econbiz.de/10005792157

The European UMTS/IMT-2000 Licence Auctions

Jehiel, Philippe; Moldovanu, Benny - C.E.P.R. Discussion Papers - 2001

Europe has taken the global lead in the issuance of third generation (3G) licences for mobile telecommunications according to the UMTS/IMT-2000 family of standards. We survey the recent European UMTS licence auctions and compare their outcomes with the predictions of a simple auction model that...

Persistent link: https://www.econbiz.de/10005792176

To Merge or to License: Implications for Competition Policy

Faulí-Oller, Ramon; Sandonís, Joel - C.E.P.R. Discussion Papers - 2001

The optimal competition policy when licensing is an alternative to a merger, which has the intention of transferring a superior technology, and is derived in a differentiated goods duopoly, as in the cases of Cournot and Bertrand competition. We show that whenever both royalties and fixed fees...

Persistent link: https://www.econbiz.de/10005792457

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