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Regulation and Incentives in European Aviation

Gagnepain, Philippe; Uribe, Marín; Luis, Pedro - C.E.P.R. Discussion Papers - 2004

The aim of this Paper is to evaluate simultaneously market power and the incentives faced by carriers to improve …

Persistent link: https://www.econbiz.de/10005667136

Reliability and Competitive Electricity Markets

Joskow, Paul L; Tirole, Jean - C.E.P.R. Discussion Papers - 2007

whether market prices will provide incentives for investments consistent with these reserve requirements. …

Persistent link: https://www.econbiz.de/10005788956

How Do Regulators Influence Mortgage Risk? Evidence from an Emerging Market

Campbell, John Y; Ramadorai, Tarun; Ranish, Benjamin - C.E.P.R. Discussion Papers - 2012

To understand the effects of regulation on mortgage risk, it is instructive to track the history of regulatory changes …. However, in developed countries with fairly stable systems of financial regulation, it is difficult to track these effects. We … employ loan-level data on over a million loans disbursed in India over the 1995 to 2010 period to understand how fast …

Persistent link: https://www.econbiz.de/10011083989

Specific Knowledge and Performance Measurement

Raith, Michael - C.E.P.R. Discussion Papers - 2004

This Paper examines optimal incentives and performance measurement in a setting where an agent has specific knowledge … choice of performance measures and incentives depends on the agent’s knowledge, environmental risk, technological uncertainty …

Persistent link: https://www.econbiz.de/10005504471

Courts of Law and Unforeseen Contingencies

Anderlini, Luca; Felli, Leonardo; Postlewaite, Andrew - C.E.P.R. Discussion Papers - 2001

We study a contracting model with unforeseen contingencies in which the court is an active player. Ex-ante, the contracting parties cannot include the risky unforeseen contingencies in the contract they draw up. Ex-post the court observes whether an unforeseen contingency occurred, and decides...

Persistent link: https://www.econbiz.de/10005504519

Team Governance: Empowerment or Hierarchical Control

Friebel, Guido; Schnedler, Wendelin - C.E.P.R. Discussion Papers - 2007

We investigate a team setting in which workers have different degrees of commitment to the outcome of their work. We show that if there are complementarities in production and if the team manager has some information about team members, interventions that the manager undertakes in order to...

Persistent link: https://www.econbiz.de/10005504583

Monetary Discipline and Cooperation in the European Monetary System: A Synthesis

Melitz, Jacques - C.E.P.R. Discussion Papers - 1988

This paper tries to explain how, despite its fundamental asymmetry, the European Monetary System may benefit all its members. I argue that the high-inflation members obtain benefits of increased monetary discipline, while the others experience improvements in their international competitiveness....

Persistent link: https://www.econbiz.de/10005504743

Living Standards and Incentives in Transition: the Implications of Unemployment Insurance Exhaustion in Hungary

Micklewright, John; Nagy, Gyula - C.E.P.R. Discussion Papers - 1999

standards? Second, does UI exhaustion have much effect on the probability of getting a job through increasing incentives to work …

Persistent link: https://www.econbiz.de/10005497937

Incentives in the Public Sector: Some Preliminary Evidence from a UK Government Agency

Burgess, Simon; Propper, Carol; Ratto, Marisa; Tominey, Emma - C.E.P.R. Discussion Papers - 2003

This Paper evaluates the impact of a team-based incentive scheme piloted in the public sector agency, Jobcentre Plus. The way the scheme has been designed raises many questions for which theory makes predictions. We test these predictions against our data. We find that team size affects the...

Persistent link: https://www.econbiz.de/10005498005

Party Governance and Political Competition with an Application to the American Direct Primacy

Castanheira, Micael; Crutzen, Benoît SY; Sahuguet, Nicolas - C.E.P.R. Discussion Papers - 2005

organization to manipulate the incentives of politicians to provide effort. We show that intra- and inter-party competition … interact to shape these incentives. We also get new insights on the role of information, polarization, and on the value of …

Persistent link: https://www.econbiz.de/10005498196