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The Complexity of Economic Policy: I. Restricted Local Optima in Tax Policy Design

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

. Finally, for a given economy and a given tax code, I define the latter’s average performance as the average value of the …

Persistent link: https://www.econbiz.de/10005504617

Regulatory Capture by Sophistication

Hakenes, Hendrik; Schnabel, Isabel - C.E.P.R. Discussion Papers - 2014

One explanation for the poor performance of regulation in the recent financial crisis is that regulators had been … their sophistication. Banks can search for arguments of differing complexity against tighter regulation. Finding such …

Persistent link: https://www.econbiz.de/10011083329

Innovation Beyond Patents: Technological Complexity as a Protection against Imitation

Henry, Emeric; Ruiz-Aliseda, Francisco - C.E.P.R. Discussion Papers - 2012

A large portion of innovators do not patent their inventions. This is a relative puzzle since innovators are often perceived to be at the mercy of imitators in the absence of legal protection. In practice, innovators however invest actively in making their products technologically hard to...

Persistent link: https://www.econbiz.de/10011084053

Complexity and Monetary Policy

Orphanides, Athanasios; Wieland, Volker - C.E.P.R. Discussion Papers - 2012

The complexity resulting from intertwined uncertainties regarding model misspecification and mismeasurement of the … of robust policy guides aiming to maintain stability in the economy while recognizing this complexity. We document …

Persistent link: https://www.econbiz.de/10011084255

Consistency in Simple vs. Complex Choices over the Life Cycle

Brocas, Isabelle; Carrillo, Juan D; Combs, T. Dalton; … - C.E.P.R. Discussion Papers - 2015

Employing a variant of GARP, we study consistency in aging by comparing the choices of younger adults (YA) and older adults (OA) in a 'simple', two-good and a `complex' three-good condition. We find that OA perform worse than YA in the complex condition but similar in the simple condition....

Persistent link: https://www.econbiz.de/10011186610

Incidence and Growth of Patent Thickets - The Impact of Technological Opportunities and Complexity

Harhoff, Dietmar; von Graevenitz, Georg; Wagner, Stefan - C.E.P.R. Discussion Papers - 2008

We investigate incidence and evolution of patent thickets. Our empirical analysis is based on a theoretical model of patenting in complex and discrete technologies. The model captures how competition for patent portfolios and complementarity of patents affect patenting incentives. We show that...

Persistent link: https://www.econbiz.de/10005123536

Resetting the Urban Network: 117-2012

Michaels, Guy; Rauch, Ferdinand - C.E.P.R. Discussion Papers - 2013

Do locational fundamentals such as coastlines and rivers determine town locations, or can historical events trap towns in unfavorable locations for centuries? We examine the effects on town locations of the collapse of the Western Roman Empire, which temporarily ended urbanization in Britain,...

Persistent link: https://www.econbiz.de/10011083231

Roads and Innovation

Agrawal, Ajay; Galasso, Alberto; Oettl, Alexander - C.E.P.R. Discussion Papers - 2014

We study the interplay between transportation infrastructure, knowledge flows, and innovation. Exploiting historical … transportation infrastructure may spur regional growth above and beyond the more commonly discussed agglomeration economies that are …

Persistent link: https://www.econbiz.de/10011083321

Transportation Costs and the Spatial Organization of Economic Activity

Redding, Stephen J.; Turner, Matthew A - C.E.P.R. Discussion Papers - 2014

economic activity and transportation costs. We develop a multi-region model of economic geography that we use to understand the … general equilibrium implications of transportation infrastructure improvements within and between locations for wages … effects of transportation infrastructure improvements on economic development, paying particular attention to the use of …

Persistent link: https://www.econbiz.de/10011084246

The growth of cities

Duranton, Gilles; Puga, Diego - C.E.P.R. Discussion Papers - 2013

Why do cities grow in population, surface area, and income per person? Which cities grow faster and why? To these questions, the urban growth literature has offered a variety of answers. Within an integrated framework, this chapter reviews key theories with implications for urban growth. It then...

Persistent link: https://www.econbiz.de/10011084574