Similar Search Results

Core, Periphery, Exchange Rate Regimes and Globalization

Bordo, Michael D; Flandreau, Marc - C.E.P.R. Discussion Papers - 2001

In this Paper we focus on the different historical regime experiences of the core and the periphery. Using conventional … default in large part because of their extensive external debt obligations denominated in core country currencies. This left … century forbearers. To obtain access to foreign capital they may need a hard peg to the core country currencies, or else can …

Persistent link: https://www.econbiz.de/10005123652

A New Payment Rule for Core-Selecting Package Auctions

Erdil, Aytek; Klemperer, Paul - C.E.P.R. Discussion Papers - 2009

We propose a new, easy-to-implement, class of payment rules, "Reference Rules," to make core-selecting package auctions …

Persistent link: https://www.econbiz.de/10008459772

Competitive Markets with Endogenous Health Risks

Bennardo, Alberto; Piccolo, Salvatore - C.E.P.R. Discussion Papers - 2005

We study a general equilibrium model where agents' preferences, productivity and labour endowments depend on their health status, and occupational choices affect individual health distributions. Efficiency typically requires agents of the same type to obtain different expected utilities if...

Persistent link: https://www.econbiz.de/10005662275

Cognitive Ability and Paternalism

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2002

This Paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a limited cognitive ability. People compute the costs and benefits of entering a transaction with an error. The government knows the distribution of true costs and benefits as well...

Persistent link: https://www.econbiz.de/10005662402

Price Regulation, Investment and the Commitment Problem

Levine, Paul L; Rickman, Neil - C.E.P.R. Discussion Papers - 2002

We consider a dynamic model of price regulation with asymmetric information where strategic delegation is available to the regulator. Firms can sink non- contractible, cost-reducing investment but regulators cannot commit to future price levels. We fully characterize the Perfect Bayesian...

Persistent link: https://www.econbiz.de/10005124103

The Effect of the Theo van Gogh Murder on House Prices in Amsterdam

Gautier, Pieter A; Siegmann, Arjen; van Vuuren, Aico - C.E.P.R. Discussion Papers - 2007

Does Islamic terrorism have an effect on the general attitudes towards Muslim minorities? We use the murder of Theo van Gogh as an event study to address this question. Specifically, we use the hedonic-market model and test for an effect on listed house prices in neighbourhoods where more than...

Persistent link: https://www.econbiz.de/10005497845

International Capital Flows and the Boom-Bust Cycle in Spain

In 'T Veld, Jan; Kollmann, Robert; Pataracchia, Beatrice; … - C.E.P.R. Discussion Papers - 2014

We study the joint dynamics of foreign capital flows and real activity during the recent boom-bust cycle of the Spanish economy, using a three-country New Keynesian model with credit constrained households and firms, a construction sector and a government. We estimate the model using...

Persistent link: https://www.econbiz.de/10011083472

The neighbor is king: Customer discrimination in the housing market

Combes, Pierre-Philippe; Decreuse, Bruno; Schmutz, Benoît - C.E.P.R. Discussion Papers - 2012

This paper provides a method to single out customer-based discrimination in the housing market. We build a matching model with ethnic externalities where landlords differ in the number of housing units they own within the same building. Multiple-dwelling landlords discriminate more often than...

Persistent link: https://www.econbiz.de/10011083618

Buying First or Selling First in Housing Markets

Moen, Espen R; Nenov, Plamen T. - C.E.P.R. Discussion Papers - 2014

Housing transactions by existing homeowners take two steps, a purchase of a new property and sale of the old housing unit. These two decisions are not independent, and their sequence may depend on the state of the housing market. This paper shows how the sequence of buyer-seller decisions...

Persistent link: https://www.econbiz.de/10011083698

The Ins and Arounds in the U.S. Housing Market

Bachmann, Rüdiger; Cooper, Daniel - C.E.P.R. Discussion Papers - 2014

In the U.S., 15 percent of households move in a given year. This result is based on data from the Panel Study of Income Dynamics on gross flows within and between the two segments of the housing market - renter-occupied properties and owner-occupied properties. The gross flows between these two...

Persistent link: https://www.econbiz.de/10011083733