Showing 1 - 10 of 308
In this paper we propose a method to estimate externality effects in cash transfer programmes, even in cases when the … benefit is not randomly assigned. Externality is assessed through the decomposition of the average treatment effect on the … treated (ATT) into participation (direct) effect and externality (indirect) effect. We also suggest a nonparametric …
Persistent link: https://www.econbiz.de/10010293287
treatment effect on the treated (ATT) into participation and externality effect. This decomposition was possible thanks to the … use of two distinct comparison groups, one within the village and possibly exposed to the externality, and another in a …-beneficiary families (no externality effect). In the pilot phase, with no conditionality enforcement in place, the role of conditionality …
Persistent link: https://www.econbiz.de/10010293316
potential contamination from others. If individuals cannot coordinate their actions, then the positive externality of investing … through deductibles or selling 'at-fault' insurance can partially internalize this externality and thereby improve individual …
Persistent link: https://www.econbiz.de/10010298371
In Europe, the emergence and spread of antibiotic resistance (AMR) has become a serious public health threat. Rational antibiotic policy, combined with enforcement of infection control practices are key strategies to combat AMR in the hospital setting. Using timeseries analysis, we calculated...
Persistent link: https://www.econbiz.de/10010300858
We explain why underpricing in IPOs can be large in magnitude and clustered, using a signalling model where firms have private information about their qualities (high or low). A novel feature is that a firm, if perceived by the market as high quality, benefits from the industry's publicity which...
Persistent link: https://www.econbiz.de/10011940618
This paper provides a theory of general equilibrium with externalities and/or monopoly. We assume that the firm's decisions are based on the preferences of shareholders and/or other stakeholders. Under these assumptions, a firmrm will produce fewer negative externalities than the comparable...
Persistent link: https://www.econbiz.de/10011940696
Abstract In this note, we extend Xie (JET, 1994) to solve analytically the Lucas model with a weak externality in a …
Persistent link: https://www.econbiz.de/10014588388
New network technologies constantly seek to displace incumbents. Their success depends on technological superiority, the size of the incumbent's installed base, users' adoption behaviors, and various other factors. The goal of this paper is to develop an understanding of competition between...
Persistent link: https://www.econbiz.de/10009438975
Cartels are inherently instable. Each cartelist is best off if it breaks the cartel, while the remaining firms remain loyal. If firms interact only once, if products are homogenous, if firms compete in price, and if marginal cost is constant, theory even predicts that strategic interaction...
Persistent link: https://www.econbiz.de/10010266995
Providing public goods is hard, because providers are best off free-riding. Is it even harder if one group's public good is a public bad for another group or, conversely, gives the latter a windfall profit? We experimentally study public goods provision embedded in a social context and find that...
Persistent link: https://www.econbiz.de/10010266996