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A Minimum of Rivalry: Evidence from Transition Economies on the Importance of Competition for Innovation and Growth
Carlin, Wendy; Schaffer, Mark E; Seabright, Paul - C.E.P.R. Discussion Papers - 2004
competition in market economies. We find evidence of the importance of a minimum of rivalry in both innovation and growth: the …
Persistent link: https://www.econbiz.de/10005067370
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Subjective Welfare, Isolation and Relative Consumption
Fafchamps, Marcel; Shilpi, Forhad - C.E.P.R. Discussion Papers - 2006
The recent literature has shown that subjective welfare depends on relative income. Attempts to test this relationship in poor countries have yielded conflicting results, suggesting that the relationship is not universal or only applies above a certain income level. We revisit the issue using...
Persistent link: https://www.econbiz.de/10005792353
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Uses and Abuses of Empirical Evidence in the Death Penalty Debate
Donohue, John J; Wolfers, Justin - C.E.P.R. Discussion Papers - 2006
Does the death penalty save lives? A surge of recent interest in this question has yielded a series of papers purporting to show robust and precise estimates of a substantial deterrent effect of capital punishment. We assess the various approaches that have been used in this literature, testing...
Persistent link: https://www.econbiz.de/10005504776
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Corporate Governance and Collusive Behaviour
Buccirossi, Paolo; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2007
This chapter examines the relationship between corporate governance and competition, particularly with regard to cartel formation, and discusses how corporate governance and firm agency problems affect optimal law enforcement against cartels, both in terms of sanctions and leniency policies....
Persistent link: https://www.econbiz.de/10005498010
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Fines, Leniency and Rewards in Antitrust: an Experiment
Bigoni, Maria; Fridolfsson, Sven-Olof; Le Coq, Chloé; … - C.E.P.R. Discussion Papers - 2009
: subjects use costly fines as (altruistic) punishments. Leniency further increases deterrence, but stabilizes surviving cartels …, deterrence is unaffected but prices grow. Differences between treatments in Stockholm and Rome suggest culture may affect optimal …
Persistent link: https://www.econbiz.de/10004976790
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Optimal Leniency Programs when Firms Have Cumulative and Asymmetric Evidence
Blatter, Marc; Emons, Winand; Sticher, Silvio - C.E.P.R. Discussion Papers - 2014
distributed asymmetrically among firms. Asymmetry of the evidence can increase the cost of deterrence if the high-evidence firm …; this may increase the cost of deterrence. …
Persistent link: https://www.econbiz.de/10011083745
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Decentralized Deterrence, with an Application to Labor Tax Auditing
Di Porto, Edoardo; Persico, Nicola; Sahuguet, Nicolas - C.E.P.R. Discussion Papers - 2012
Deterrence of illegal activities is frequently carried out by many atomistic auditors (tax auditors, law enforcement … positive question. It proposes a game-theoretic model of decentralized deterrence and an empirical test, based on the …
Persistent link: https://www.econbiz.de/10011083887
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The Distortive Effects of Antitrust Fines Based on Revenue
Bageri, Vasiliki; Katsoulacos, Yannis; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2013
In most jurisdictions, antitrust fines are based on affected commerce rather than on collusive profits, and in some others, caps on fines are introduced based on total firm sales rather than on affected commerce. We uncover a number of distortions that these policies generate, propose simple...
Persistent link: https://www.econbiz.de/10011084408
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Incentives to Innovate and Social Harm: Laissez-Faire, Authorization or Penalties?
Immordino, Giovanni; Pagano, Marco; Polo, Michele - C.E.P.R. Discussion Papers - 2009
deterrence) and guide the use to which innovation is put (marginal deterrence). We show that public intervention should become …
Persistent link: https://www.econbiz.de/10005000438
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The Deterrent Effects of Prison: Evidence from a Natural Experiment
Drago, Francesco; Galbiati, Roberto; Vertova, Pietro - C.E.P.R. Discussion Papers - 2007
In this paper we test for the theory of deterrence. We exploit the natural experiment provided by the Collective … recommit a crime by 1.24 percent: this corroborates the general deterrence hypothesis. However, this effect depends on the time … the prison spell. This second result can be hardly reconciled with the specific deterrence hypothesis according to which a …
Persistent link: https://www.econbiz.de/10005067676