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We study an all-pay contest with multiple identical prizes (lifeboat seats). Prizes are partitioned into subsets of prizes (lifeboats). Players play a two-stage game. First, each player chooses an element of the partition (a lifeboat). Then each player competes for a prize in the subset chosen...
Persistent link: https://www.econbiz.de/10010271439
The ladder of investment is a regulatory approach that has been used by European National Regulatory Authorities (NRAs), in order to foster infrastructure competition among operators. the idea is to force incumbent operators to open several levels of access to their network in such a way that...
Persistent link: https://www.econbiz.de/10010307262
complementarity between ICT and transportation infrastructures. The network effect of growth of motorway infrastructure in advanced …
Persistent link: https://www.econbiz.de/10010327716
This paper estimates the non-linear impact of ICT network on motorway contribution to total factor productivity. Using dynamic panel data of OECD member countries, the paper finds that there exists a critical mass of broadband penetration rate which has the property that if this threshold level...
Persistent link: https://www.econbiz.de/10011577410
This paper investigates an entrepreneur who decides whether to obtain funds from an independent venture capital firm (IVC) or a corporate venture capital firm (CVC) to develop an innovative product. In case of success, the entrepreneur enters a market and competes with an incumbent. The CVC is a...
Persistent link: https://www.econbiz.de/10011892152
dynamic panel data of OECD member countries, the paper finds that there exists significant complementarity between ICT network …
Persistent link: https://www.econbiz.de/10011533177
-consistent taxation of annual income can also welfare-dominate taxation of lifetime income under commitment. These findings may help in …
Persistent link: https://www.econbiz.de/10010270135
the timing and price-elasticity of these commitment decisions to predictions from existing theoretical models of decision … under temptation. Our data are broadly consistent with theory, with the notable exception that commitment often occurs with … delay rather than at the first opportunity. Moreover, the timing of commitment is significantly impacted by the cost of the …
Persistent link: https://www.econbiz.de/10010270250
The most important policy instrument to promote regional development in the European Union is Strucutral Funds, covering approximately a third of the EU budget. An empirical analysis demonstrates that these funds have on average been ineffective in speeding up the process of convergence with in...
Persistent link: https://www.econbiz.de/10011318796
A 2008 paper investigating the Regulatory Tax (RT) on office development in Britain (Cheshire & Hilber, 2008) provided evidence of very tight restrictions on office space going back at least 50 years. It was also argued that the RT measure tended to underestimate the full costs of restrictive...
Persistent link: https://www.econbiz.de/10011397535