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Do Monetary Handcuffs Restrain Leviathan? Fiscal Policy in Extreme Exchange Rate Regimes

Fatás, Antonio; Rose, Andrew K - C.E.P.R. Discussion Papers - 2001

This Paper is an empirical study of fiscal policy in countries with extreme monetary regimes. We study members of multilateral currency unions, dollarized countries that officially use the money of another country, and countries using currency boards. We find that belonging to an international...

Persistent link: https://www.econbiz.de/10005791738

Taxation and International Migration of Superstars: Evidence from the European Football Market

Kleven, Henrik; Landais, Camille; Saez, Emmanuel - C.E.P.R. Discussion Papers - 2010

This paper analyzes the effects of top earnings tax rates on the international migration of top football players in … Europe. We construct a panel data set of top earnings tax rates, football player careers, and club performances in the first … tax and institutional changes: (a) the 1995 Bosman ruling which liberalized the European football market, (b) top tax rate …

Persistent link: https://www.econbiz.de/10008784700

Country-specific goal-scoring in the "dying-seconds" of international football matches

Ours, Jan C van; Van Tuijl, Martin - C.E.P.R. Discussion Papers - 2010

important international football matches. We examine goal-scoring from 1960 onwards in full 'A' international matches of six …

Persistent link: https://www.econbiz.de/10008468670

Winning by Losing: Incentive Incompatibility in Multiple Qualifiers

Dagaev, Dmitry; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2013

In sport tournaments, the rules are presumably structured in a way that any team cannot be better off (e.g., to advance to the next round of competition) by losing instead of winning a game. Starting with a real-world example, we demonstrate that the existing national rules of awarding places...

Persistent link: https://www.econbiz.de/10011083284

Development of Ownership Structure and its Effect on Performance: Czech Firms from Mass Privatisation

Kocenda, Evzen - C.E.P.R. Discussion Papers - 2002

This Paper works with a broad data sample of Czech voucher-privatized firms during 1996-99. It analyses the development of ownership structure and consequently its effect on a firm's performance Ownership concentration had been quite high in 1996 and steadily increased. The single largest owner...

Persistent link: https://www.econbiz.de/10005788907

Do Locational Spillovers Pay? Empirical Evidence from German IPO Data

Audretsch, David B; Lehmann, Erik E - C.E.P.R. Discussion Papers - 2005

This study examines the impact locational spillovers have on firm performance. Based on a uniquely created dataset consisting of high-technology start-ups publicly listed in Germany, this paper tests the proposition of locational spillovers positively affecting firm performance, as measured by...

Persistent link: https://www.econbiz.de/10005497946

The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries: Micro Evidence from Bulgaria, Romania and Poland

Angelucci, Manuela; Estrin, Saul; Konings, Jozef; … - C.E.P.R. Discussion Papers - 2001

This Paper uses a unique representative firm level data set to analyse the effect of domestic and international competitive pressure and ownership changes in three emerging economies, Bulgaria Poland and Romania. Our main findings can be summarized as follows: Domestic competitive pressure,...

Persistent link: https://www.econbiz.de/10005504242

The land that Lean manufacturing forgot? Management practices in transition countries

Bloom, Nicholas; Schweiger, Helena; Van Reenen, John - C.E.P.R. Discussion Papers - 2011

We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are below emerging countries such as Brazil, China and...

Persistent link: https://www.econbiz.de/10009207520

Corruption as a Barrier to Entry: Theory and Evidence

Campos, Nauro F; Estrin, Saul; Proto, Eugenio - C.E.P.R. Discussion Papers - 2010

Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe...

Persistent link: https://www.econbiz.de/10008682881

The Effect of Privatization and Competitive Pressure on Firms' Price-Cost Margins: Micro Evidence from Emerging Economies

Konings, Jozef; Van Cayseele, Patrick; Warzynski, Frederic - C.E.P.R. Discussion Papers - 2003

This Paper uses representative firm level panel data of 1,701 Bulgarian and 2,047 Romanian manufacturing firms to estimate market power (i.e. price-cost margins) and to analyse how these are affected by privatization and increased competitive pressure. In contrast to earlier work that analyses...

Persistent link: https://www.econbiz.de/10005667013