Showing 1 - 10 of 204
This paper examines the effect of trade integration and comparative advantage on one of a country's institutions, which … in turn inuences its economic efficiency. The environment we explore is one in which a country's lower classes may revolt … economic efficiency. Trade integration alters the relative value of the elite's wealth. This alters the lower classes …
Persistent link: https://www.econbiz.de/10011615513
contributions. One is to provide a deeper understanding of the relationship between political institutions and economic efficiency …
Persistent link: https://www.econbiz.de/10011721779
In this paper we study how differences in the quality of countries' institutions affect the impact of natural hazards in … output distance frontier model to assess two important aspects of the relation-ship between institutions and hazard impacts … else equal, suffer relative to the best performing countries. We can refer to this as the countries' (in)efficiency at …
Persistent link: https://www.econbiz.de/10013473916
current tax configuration is from the optimal one and, thereby, the degree of efficiency of a tax system. We call this number …
Persistent link: https://www.econbiz.de/10011449998
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...
Persistent link: https://www.econbiz.de/10011400807
We consider duopolists innovating and producing a good subject to network externalities, so that the reservation price of a consumer increases with aggregate consumption. The post-innovation network consists of two compatible sub-networks, with increased network valuation of the new product....
Persistent link: https://www.econbiz.de/10011409408
In this paper I review the Dutch UMTS-auction that took place in the summer of 2000 and which, in contrast to the UK and German auctions, was generally considered to be a major flop. I analyse the policy process leading to the auction as well as the bidding behaviour in the auction, and provide...
Persistent link: https://www.econbiz.de/10011409958
We study the question whether a holder of standard essential patents (SEPs) should be allowed to choose the level in the value chain at which to offer a FRAND license to its SEPs. We give a pos-itive answer to this question for two reasons. First, the SEP holder and the social planner tend to...
Persistent link: https://www.econbiz.de/10012817846
The recent deployment of fibre-optic submarine cables (SMCs) in sub-Saharan Africa (SSA) raised the prospects for the digital economy expansion and the whole sub-continent take-off, but also exposed countries and populations to new sources of vulnerability. This paper provides empirical evidence...
Persistent link: https://www.econbiz.de/10011951676
infracting upon productive efficiency. The mechanism employs a contest creating incentives among participating nations to …
Persistent link: https://www.econbiz.de/10009772819