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Bundling governance : finance versus institutions in private investment promotion

Asongu, Simplice A.; Batuo, Enowbi; Tchamyou, Vanessa S. - 2015

Purpose - The study extends the debate on finance versus institutions in the promotion of investment documented by … finance and governance as substitutes in their impact on investment implies that good governance fuels private investment and … issues on the other hand. Originality/value - The paper extends the debate on the substitution of finance and institutions in …

Persistent link: https://www.econbiz.de/10011417473

Multi-Period Emissions Trading in the Electricity Sector: Winners and Losers

Bode, Sven - 2004

Emission trading has become recently more and more import in environmental regulation. In the context of controlling greenhouse gas emissions, the directive on a Europewide trading scheme for large immobile sources may be perceived as one of the most important milestones in recent years. Prior...

Persistent link: https://www.econbiz.de/10010295400

Innovation and market concentration with asymmetric firms

Escrihuela-Villar, Marc - 2004

This paper considers a theoretical model of n asymmetric firms that reduce their initial unit costs by spending on R&D activities. In accordance with Schumpeterian hypotheses we obtain that more efficient (bigger) firms spend more in R&D and this leads to a more concentrated market structure. We...

Persistent link: https://www.econbiz.de/10010298256

Mobile network interconnection and investments

Veith, Tobias - 2009

Abstract In markets with competing interconnected networks like mobile telecommunication markets investments affect the investor’s and also any competitors’ profits. In a theoretical model it is shown that cost-reducing investments reduce the investor’s termination rates and increase...

Persistent link: https://www.econbiz.de/10010299497

Deciding about (de-)centralization of industrial policy: Delegation by a central authority vs. bargaining of regional governments

Morasch, Karl - 2003

In the European Union the commission has the primary right to decide about industrial policy. Note that this includes the possibility to allow actions of member countries as long as these are not in conflict with the interest of the EU. This paper deals with the question whether such an...

Persistent link: https://www.econbiz.de/10010300407

Allocation of Economic Competence in Teams: A Comparative Institutional Analysis

Pelikan, Pavel - 1997

Attention is called to a little explored scarce resource, termed 'economic competence', which combines features of human capital and bounded rationality, and causes a singularity in resource-allocation in society. The performance of each economy is shown to strongly depend on how this resource...

Persistent link: https://www.econbiz.de/10010334780

You are judged by the company you keep: Reputation leverage in vertically related markets

Choi, Jay Pil; Peitz, Martin - 2016

This paper analyzes a mechanism through which a supplier of unknown quality can overcome its asymmetric information problem by selling via a reputable downstream rm. The suppliers adverse-selection problem can be solved if the downstream rm has established a reputation for delivering...

Persistent link: https://www.econbiz.de/10011588686

Environmental regulation, comparative advantage and the Porter hypothesis

Albrecht, Johan - 1998

Empirical surveys find no significant impact of environmental regulation and environmental costs on international competitiveness. In the literature, we can find three hypotheses on the impact of environmental regulation. For the industrial-flight and pollution-haven hypothesis, there is no...

Persistent link: https://www.econbiz.de/10011608427

Subsidizing national champions: an evolutionary perspective

Aubert, Cécile; Falck, Oliver; Heblich, Stephan - 2008

A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...

Persistent link: https://www.econbiz.de/10010264424

Net neutrality and investment incentives

Choi, Jay Pil; Kim, Byung-Cheol - 2008

This paper analyzes the effects of net neutrality regulation on investment incentives for Internet service providers (ISPs) and content providers (CPs), and their implications for social welfare. We show that the ISP's decision on the introduction of discrimination across content depends on a...

Persistent link: https://www.econbiz.de/10010264430

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