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Agricultural Productivity Growth and Escape from the Malthusian Trap

Fürnkranz-Prskawetz, Alexia; Kögel, Tomas - C.E.P.R. Discussion Papers - 2000

Industrialization allowed the industrialized world of today to escape from a regime characterized by low economic and population growth and to enter a regime of high economic and population growth. To explain this transition, we construct a two-sector growth model with endogenous fertility and...

Persistent link: https://www.econbiz.de/10005791731

Financial Innovation and Endogenous Growth

Laeven, Luc; Levine, Ross; Michalopoulos, Stelios - C.E.P.R. Discussion Papers - 2009

We model technological and financial innovation as reflecting the decisions of profit maximizing agents and explore the implications for economic growth. We start with a Schumpeterian endogenous growth model where entrepreneurs earn monopoly profits by inventing better goods and financiers arise...

Persistent link: https://www.econbiz.de/10008528522

Contracts, Externalities and Incentives in Shopping Malls

Gould, Eric D; Pashigian, B. Peter; Prendergast, Canice - C.E.P.R. Discussion Papers - 2002

This Paper demonstrates that mall store contracts are written to internalize externalities through both an efficient … allocation and pricing of space and an efficient allocation of incentives across stores. Certain stores generate externalities by …

Persistent link: https://www.econbiz.de/10005791485

Persistent Differences in National Productivity Growth Rates with a Common Technology and Free Capital Mobility

Buiter, Willem H.; Kletzer, Kenneth - C.E.P.R. Discussion Papers - 1991

The paper develops a two-country endogenous growth model to investigate possible causes for the existence and persistence of productivity growth differentials between nations, even though these countries show a common technology, constant returns to scale and perfect international capital...

Persistent link: https://www.econbiz.de/10005792009

Allocative and Informational Externalities in Auctions and Related Mechanisms

Jehiel, Philippe; Moldovanu, Benny - C.E.P.R. Discussion Papers - 2006

We study the effects of allocative and informational externalities in (multi-object) auctions and related mechanisms …. Such externalities naturally arise in models that embed auctions in larger economic contexts. In particular, they appear … driving force behind many new, specific phenomena with allocative externalities: even in complete information settings …

Persistent link: https://www.econbiz.de/10005792072

Dynamic Processes of Social and Economic Interactions: On the Persistence of Inefficiencies

Gomes, Armando R; Jehiel, Philippe - C.E.P.R. Discussion Papers - 2001

This Paper considers the efficiency and convergence properties of dynamic processes of social and economic interactions, such as exchange economies, multilateral negotiations, merger and divestiture transactions, or legislative bargaining. The key general feature of the economy is that agents...

Persistent link: https://www.econbiz.de/10005792299

Multinationals, Technological Incompatibilities, and Spillovers

Carluccio, Juan; Fally, Thibault - C.E.P.R. Discussion Papers - 2010

Empirical studies provide evidence of positive spillovers from multinational firms to upstream suppliers coupled with negative spillovers to firms in the same industry. This paper shows that these empirical regularities can be rationalized in a model with incompatibilities between foreign and...

Persistent link: https://www.econbiz.de/10008530362

Externalities, Communication and the Allocation of Decision Rights

Bester, Helmut - C.E.P.R. Discussion Papers - 2005

This paper views authority as the right to undertake decisions that impose externalities on other members of the …

Persistent link: https://www.econbiz.de/10005114267

Imperfect Competition, Underemployment Equilibria and Fiscal Policy

Pagano, Marco - C.E.P.R. Discussion Papers - 1989

head. Demand externalities among imperfectly competitive firms do not in general provide a theoretical basis for these …

Persistent link: https://www.econbiz.de/10005281303

Infection, Acquired Immunity and Externalities in Treatment

Toxvaerd, Flavio - C.E.P.R. Discussion Papers - 2010

This paper considers a model of infectious disease, such as swine flu, in which privately costly treatment confers immunity on recovered individuals. It is shown that under decentralized decision making, infected individuals ignore the externality that their treatment has on susceptible...

Persistent link: https://www.econbiz.de/10008784738