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China's development model challenges the approaches of traditional Western donors like the World Bank. We argue that both aim at stability, but differ in the norms propagated to achieve that. Using fixed effects and IV estimations, we analyze a broad range of subnational stability measures in...
Persistent link: https://www.econbiz.de/10012104086
The loans of the IMF, World Bank, and other multilateral development banks (MDBs) are excluded from debt restructuring. This is the result of their preferred creditor status. There are two justifications for the preferred creditor status of MDBs: (a) they give concessional loans, and (b) they...
Persistent link: https://www.econbiz.de/10014306766
We test for the distributional effects of regulation and entry in the mobile telecommunications sector in a highly … mobile termination rate regulation. We find that regulation benefits consumers significantly more than entry does, and that …
Persistent link: https://www.econbiz.de/10012029118
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more …
Persistent link: https://www.econbiz.de/10011400807
telecommunications operator France Telecom was simultaneously subjected to the deregulation of the telecom market in the world and to a …
Persistent link: https://www.econbiz.de/10011401332
We explain the recent events in the German market for online access using a model of a regulated monopoly renting phone lines to retailers. Retailers offer either a linear or a flat tariff to consumers. Consumer heterogeneity leads to adverse selectiion. We show why market entry for flatrate...
Persistent link: https://www.econbiz.de/10011398800
This paper reports on ongoing research on the interactions between product regulation and labor market outcomes. In … particular, I summarize work on the employment effects of shop-closing regulation in the retail and other related sectors …. Evidence on employment in the retail sector from Germany, the Netherlands and the United States suggests that the regulatory …
Persistent link: https://www.econbiz.de/10009781500
This paper reviews the history of executive compensation disclosure and other government policies affecting CEO pay …
Persistent link: https://www.econbiz.de/10003749481
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