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Inside the white box : unpacking the determinants of quality and vertical specialization
Jaimovich, Esteban; Madzharova, Boryana; Merella, Vincenzo - 2021
This paper explores patterns of quality differentiation and specialization relying on model-level panel data of retail sales and prices of refrigerators across 23 countries in the European Union. Unlike customs data aggregated at the product category, typically used in the literature,...
Persistent link: https://www.econbiz.de/10012433943
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Term length and the quality of appointments
Glazer, Amihai; Kanniainen, Vesa - 2000
Consider a principal who appoints an agent. Let the agent potentially serve for a sufficiently long time that one principal is replaced by another over this period. Suppose also that the quality of the agent appointed increases with the effort the incumbent principal devotes to hiring. Then the...
Persistent link: https://www.econbiz.de/10009786719
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Supply chain reliability and international economic growth : impacts of disruptions like COVID-19
Goel, Rajeev K.; Saunoris, James W.; Goel, Srishti S. - 2020
importance, formal research on the contribution of supply chain logistics, including the relative impacts across different … logistics dimensions, is less. The importance of supply chains has been recently been brought to the forefront in the wake of … examine the relative effects of the different aspects of supply chain logistics on economic growth. Placing the empirical …
Persistent link: https://www.econbiz.de/10012219347
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Minimum standards, fixed costs and taxing autonomy of subnational governments
Seitz, Helmut (contributor) - 2008
level, a subject that is currently under debate in Germany where states do have virtually no power to tax. We use a simple …
Persistent link: https://www.econbiz.de/10003730271
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Sharing demographic risk : who is afraid of the baby bust?
Ludwig, Alexander (contributor); Reiter, Michael (contributor) - 2008
We model the optimal reaction of a public PAYG pension system to demographic shocks. We compare the ex-ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules that mimic the pension systems observed in the real world. The...
Persistent link: https://www.econbiz.de/10003771791
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The welfare loss from differential taxation of sectors in Germany
Radulescu, Doina (contributor);  … - 2008
-corporate sectors in Germany. In doing so, we perform a counterfactual analysis and ask how the allocation of capital across sectors …
Persistent link: https://www.econbiz.de/10003771793
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Cities in fiscal equalization
Büttner, Thiess (contributor);  … - 2008
Redistributive grants schemes, such as fiscal equalization, are a common characteristic of local public finance in several countries. However, large and small jurisdictions are treated differently by the respective fiscal equalization schemes that often tend to favour larger jurisdictions. This...
Persistent link: https://www.econbiz.de/10003790563
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How to avoid a pension crisis : a question of intelligent system design
Cigno, Alessandro - 2009
Conventional pension systems suffer from a design defect which makes them financially unsustainable, and a source of inefficiency for the economy as a whole. The paper outlines a second-best policy which includes a public pension system made up of two parallel schemes, a Bismarckian one allowing...
Persistent link: https://www.econbiz.de/10003820014
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Implicit vs. explicit incentives : theory and a case study
Demougin, Dominique; Fabel, Oliver; Thomann, Christian - 2009
We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...
Persistent link: https://www.econbiz.de/10003850322
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Information asymmetry, education signals and the case of ethnic and native Germans
Hornig, Stephan O.; Rottmann, Horst; Wapler, Rüdiger - 2009
administrative data from the German Federal Employment Agency. -- sorting theory ; human-capital theory ; returns to education …
Persistent link: https://www.econbiz.de/10003854405