Showing 1 - 10 of 92
Using real-time data from the annual budget over the period 1958-2009, we explore the planning and realization of fiscal policy in the Netherlands. Our key findings are the following. First, planned surpluses are on average unbiased, although they are overoptimistic during the first half of the...
Persistent link: https://www.econbiz.de/10008466356
This paper offers a critical survey of the literature on the role of financial deepening in economic development, focusing on the role of government. Specifically, I distinguish between the policy view that relates financial sector development to an array of necessary policies and institutions,...
Persistent link: https://www.econbiz.de/10011084237
subject to cost benefit analysis, based on the existence of an identified market failure and monitored for performance and … cost effectiveness. Transparency and accountability are critical in ensuring that interventions accomplish their intended …
Persistent link: https://www.econbiz.de/10005114424
specifically, The aim of this paper is to formally examine two opposing forces, standardization and efficiency on the one hand, and …
Persistent link: https://www.econbiz.de/10011083315
‘Regulatory protection’ or technical barriers to trade (TBT) are two names for the myriad of cost-raising, behind … (which are naturally subject to more regulations and standards), so the discrimination may have an 'escalating' feature, much …
Persistent link: https://www.econbiz.de/10005504235
In this Paper, we empirically test for network effects and preannouncement effects in the DVD market. We do this by measuring the effect of potential (incompatible) competition on a network undergoing growth. We find that there are network effects. The data is generally consistent with the...
Persistent link: https://www.econbiz.de/10005504276
Because standards and regulations respond to a society's demand for specific public goods, we expect them to be shaped … standards should be equal in different societies. This paper studies the interaction between standards and international trade …. It shows that although standards can be used to manipulate trade flows, there is no logical connection between standards …
Persistent link: https://www.econbiz.de/10005504612
Traditional analyses of standards in international trade identify standards as government regulations and investigate … the determination of technical standards. The composition of these groups is affected by technology and market conditions … harmonization ‘from the bottom’. If standards are public goods whose ideal value differs across economic activities and across …
Persistent link: https://www.econbiz.de/10005498057
Empirical scholarship on the standards-trade relationship has been held up due to methodological challenges … multiple (quality-signaling, information/compliance-cost, and common-language) channels, and using instrumental variable …-poor nations find ISO 9000 to represent a trade barrier due to compliance-cost effects. …
Persistent link: https://www.econbiz.de/10011084713
We generalize the War of Attrition model to allow for N+K firms competing for N prizes. Two special cases are of particular interest. First, if firms continue to pay their full costs after dropping out (as in a standard-setting context), each firm’s exit time is independent both of K and of...
Persistent link: https://www.econbiz.de/10005656154