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A Multi-Task Theory of the State Enterprise Reform

Bai, Chong-En; Li, David Daokui; Tao, Zhigang; Wang, Yijiang - C.E.P.R. Discussion Papers - 2001

During transition, maintaining employment and providing a social safety net for the unemployed are important to social stability, which in turn is crucial for the productivity of the whole economy. Because independent institutions for social safety are lacking and firms with strong profit...

Persistent link: https://www.econbiz.de/10005504537

Resisting Migration: Wage Rigidity and Income Distribution

Razin, Assaf; Sadka, Efraim - C.E.P.R. Discussion Papers - 1995

Like any trade activity, migration tends to generate gains to all parties involved - the migrants as well as the native-born population. With a mal-functioning labour market, however, migration will exacerbate the imperfections in the market. Consequently, it may lead to losses to the...

Persistent link: https://www.econbiz.de/10005498173

Privatization and Quality: Evidence from Elderly Care in Sweden

Bergman, Mats; Johansson, Per; Lundberg, Sofia; … - C.E.P.R. Discussion Papers - 2014

Non-contractible quality dimensions are at risk of degradation when the provision of public services is privatized. However, privatization may increase quality by fostering performance-improving innovation, particularly if combined with increased competition. We assemble a large data set on...

Persistent link: https://www.econbiz.de/10011084097

Motivating Knowledge Agents: Can Incentive Pay Overcome Social Distance?

Berg, Erlend; Ghatak, Maitreesh; Manjula, R; Rajasekhar, D - C.E.P.R. Discussion Papers - 2013

This paper studies the interaction of incentive pay and social distance in the dissemination of information. We analyse theoretically as well as empirically the effect of incentive pay when agents have pro-social objectives, but also preferences over dealing with one social group relative to...

Persistent link: https://www.econbiz.de/10011145477

Debt Contracts, Collapse and Regulation as Competition Phenomena

Gersbach, Hans; Uhlig, Harald - C.E.P.R. Discussion Papers - 1997

lenders, which may make lending altogether unprofitable. Second, banks can have an incentive to offer a debt contract and … additional equity contracts to intermediate debtors, which is in turn dominated by a simple debt contract, only attractive for … seek to avoid the contract with the highest chance of delivery: that contract attracts all bad entrepreneurs. …

Persistent link: https://www.econbiz.de/10005661861

The cost of contract renegotiation: Evidence from the local public sector

Gagnepain, Philippe; Ivaldi, Marc; Martimort, David - C.E.P.R. Discussion Papers - 2010

The renegotiation of regulatory contracts is known to prevent regulators from achieving the full commitment efficient outcome in dynamic contexts. However, assessing the cost of such renegotiation remains an open issue from an empirical viewpoint. To address this question, we fit a structural...

Persistent link: https://www.econbiz.de/10008684689

Should Egalitarians Expropriate Philanthropists?

Dasgupta, Indraneel; Kanbur, Ravi - C.E.P.R. Discussion Papers - 2007

Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditure. We examine the normative logic of this exemption....

Persistent link: https://www.econbiz.de/10005504401

Public goods, participation constraints, and democracy: A possibility theorem

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2008

It is well known that ex post efficient mechanisms for the provision of indivisible public goods are not interim individually rational. However, the corresponding literature assumes that agents who veto a mechanism can enforce a situation in which the public good is never provided. This paper...

Persistent link: https://www.econbiz.de/10005504573

Public Goods in Trade: On the Formation of Markets and Political Jurisdictions

Casella, Alessandra; Feinstein, Jonathan - C.E.P.R. Discussion Papers - 1991

The current debate in Western Europe centres on the relationship between economic and political integration. To address this problem, we construct a simple general equilibrium model in which the returns to trading are directly affected by the availability of a public good. In our model...

Persistent link: https://www.econbiz.de/10005504585

Information Disclosure and the Economics of Science and Technology

Dasgupta, Partha; David, Paul - C.E.P.R. Discussion Papers - 1985

This paper takes an information-theoretic approach to the economics of science, extending Arrow's pioneering (1962) analysis of the allocation of resources for industrial research and invention. It addresses the questions: is there a valid economic distinction between scientific and...

Persistent link: https://www.econbiz.de/10005504645