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International Trade and Monopolistic Competition Without CES : Estimating Translog Gravity
Novy, Dennis - 2010
equations, trade is more sensitive to trade costs if the exporting country only provides a small share of the destination … country's imports. As a result, trade costs have a heterogeneous impact across country pairs, with some trade flows predicted …
Persistent link: https://www.econbiz.de/10013144787
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Is Europe an Optimal Political Area?
Alesina, Alberto F.; Tabellini, Guido; Trebbi, Francesco - 2021
Employing a wide range of individual-level surveys, we study the extent of cultural and institutional heterogeneity within the EU and how this changed between 1980 and 2008. We present several novel empirical regularities that paint a complex picture. While Europe has experienced both systematic...
Persistent link: https://www.econbiz.de/10013315447
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Trade, Conflicts, and Political Integration : The Regional Interplays
Vicard, Vincent - 2021
This paper investigates the determinants of the different forms taken by regional integration in different parts of the world. This raises the issue of the relationship between economic and political integration. The theoretical model shows that, in an insecure world, the interplays between...
Persistent link: https://www.econbiz.de/10013317345
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Immigration, Fertility, and Human Capital : A Model of Economic Decline of the West
Azarnert, Leonid V. - 2011
I show how the influences of unskilled immigration, differential fertility between immigrants and the local indigenous population, and incentives for investment in human capital combine to predict the decline of the West. In particular, indigenous low-skilled workers lose from unskilled...
Persistent link: https://www.econbiz.de/10013133620
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An Economic Theory of Foreign Interventions and Regime Change
Bonfatti, Roberto - 2011
I construct a theory of foreign interventions in which the preferences of the foreign country over alternative local groups are determined by each group's international economic ties. In equilibrium, the foreign country supports the group with which it has the strongest ties, since this is most...
Persistent link: https://www.econbiz.de/10013124181
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Innovation Contests
Pérez-Castrillo, David - 2014
We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and innate abilities generate inventions of varying qualities. The designer offers a reward to the contestant achieving the highest quality and receives the revenue generated by the...
Persistent link: https://www.econbiz.de/10013055388
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Flexible Contracts
Gottardi, Piero - 2012
This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of … play then an important role in determining the costs of delegation. The main focus of the paper lies indeed in the analysis … of these costs and the consequences for whether or not delegation is optimal.We determine and characterize the properties …
Persistent link: https://www.econbiz.de/10013116425
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Cutting Costs of Catching Carbon - Intertemporal Effects Under Imperfect Climate Policy
Hoel, Michael - 2015
We use a two-period model to investigate intertemporal effects of cost reductions in climate change mitigation technologies for the power sector. With imperfect climate policies, cost reductions related to carbon capture and storage (CCS) may be more desirable than com-parable cost reductions...
Persistent link: https://www.econbiz.de/10013038364
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Reciprocity Networks and the Participation Problem
Dufwenberg, Martin - 2014
Reciprocity can be a powerful motivation for human behaviour. Scholars argue that it is relevant in the context of private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The interaction of reciprocity with cost-sharing is critical....
Persistent link: https://www.econbiz.de/10013049219
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Cost Sharing in Collective Contests
Nitzan, Shmuel - 2014
This paper studies collective contests with endogenous cost sharing, general effort costs and intra-group heterogeneity …
Persistent link: https://www.econbiz.de/10013051619