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Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2013

We study the incentives for hospitals to provide quality and expend cost-reducing effoort when their budgets are soft, i.e., the payer may cover deficits or confiscate surpluses. The basic set up is a Hotelling model with two hospitals that differ in location and face demand uncertainty, where...

Persistent link: https://www.econbiz.de/10011083526

Cost Efficiency and Subsidization in German Local Public Bus Transit

Nieswand, Maria; Walter, Matthias - C.E.P.R. Discussion Papers - 2013

This paper examines the impact of endogenous deficit-balancing subsidies on the cost efficiency of local public bus companies by using alternative frontier cost models for panel data. Thereby, the multidimensional performance estimation incorporates the subsidy variable directly. The empirical...

Persistent link: https://www.econbiz.de/10011084257

Scale Effects in Markets with Search

Petrongolo, Barbara; Pissarides, Christopher - C.E.P.R. Discussion Papers - 2002

Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may miss important scale effects at the micro level, because of the reactions of job searchers. A semi-structural model is developed and estimated on a British sample, testing for...

Persistent link: https://www.econbiz.de/10005504450

Learning by Doing and Multiproduction Effects Over the Life Cycle: Evidence from the Semiconductor Industry

Siebert, Ralph - C.E.P.R. Discussion Papers - 2003

In this study we derive a structural econometric model of learning by doing with multiproduct competition from a dynamic oligopoly game. We show the importance to account for multiproduction effects through product differentiation when measuring learning by doing. Using quarterly firm-level data...

Persistent link: https://www.econbiz.de/10005497705

Privatization in Eastern Europe: Irreversibility and Critical Mass Effects

Roland, Gérard; Verdier, Thierry - C.E.P.R. Discussion Papers - 1992

This paper proposes a model to shed light on two important policy features of privatization in Central and Eastern Europe: the idea of a necessary critical mass of privatization on the one hand, and the difficulties encountered in the actual privatization process on the other, related to the...

Persistent link: https://www.econbiz.de/10005497782

Families as Roommates: Changes in U.S. Household Size from 1850 to 2000

Salcedo, Alejandrina; Schoellman, Todd; Tertilt, Michèle - C.E.P.R. Discussion Papers - 2009

Living arrangements have changed enormously over the last two centuries. While the average American today lives in a household of only three people, in 1850 household size was twice that figure. Further, both the number of children and the number of adults in a household have fallen...

Persistent link: https://www.econbiz.de/10008558585

Retail Chain Expansion: The Early Years of McDonalds in Great Britain

Toivanen, Otto; Waterson, Michael - C.E.P.R. Discussion Papers - 2011

Understanding the development of chainstores is important given the large GDP share of services and the continuing importance of chains in bringing these services to market. Service chains provide a puzzle because they take a long time to develop even when there are obvious expansion...

Persistent link: https://www.econbiz.de/10009246609

Widening and Deepening: Reforming the European Union

Berglöf, Erik; Burkart, Mike; Friebel, Guido; … - C.E.P.R. Discussion Papers - 2008

. Members have the same consumption benefit of reform but weak and strong members differ in their cost of exerting reform … efforts. As decisions are taken by unanimity, the reform level is determined by the weakest member. However, strong members … members into the Union) can have different effects on deepening (more reform effort). When a new member is stronger than the …

Persistent link: https://www.econbiz.de/10005504398

Monetary Policy and the Rule of Law

Eijffinger, Sylvester C W; Stadhouders, Patrick - C.E.P.R. Discussion Papers - 2003

The translation of legal independence into actual independence is primarily determined by the rule of law. Inspired by the economic growth literature, where the role of institutions already is incorporated, we introduce Institutional Quality Indicators that can be used as reasonable proxies for...

Persistent link: https://www.econbiz.de/10005497964

Central Bank Reform, Liberalization and Inflation in Transition Economies - An International Perspective

Cukierman, Alex; Miller, Geoffrey; Neyapti, Bilin - C.E.P.R. Discussion Papers - 2001

banks in 26 former socialist economies (FSEs). The indices reveal that central bank reform in the FSE during the 1990s has …

Persistent link: https://www.econbiz.de/10005656198