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Deregulation, Integration and Market Structure in European Banking

Gual, Jordi - C.E.P.R. Discussion Papers - 1999

This paper analyzes the impact of deregulation and market integration policies on the structure of European banking … markets. It argues that whether European integration will lead to large increases in EU-wide concentration will depend on the … extent to which competition in banking is based on endogenous sunk costs or, alternatively, on variable costs and exogenous …

Persistent link: https://www.econbiz.de/10005067386

Rules, Communication and Collusion: Narrative Evidence from the Sugar Institute Case

Genesove, David; Mullin, Wallace P - C.E.P.R. Discussion Papers - 2001

Detailed notes on weekly meetings of the sugar-refining cartel show how communication helps firms collude, and so highlight the deficiencies in the current formal theory of collusion. The Sugar Institute did not fix prices or output. Prices were increased by homogenizing business practices to...

Persistent link: https://www.econbiz.de/10005504565

Cartels Uncovered

Hyytinen, Ari; Steen, Frode; Toivanen, Otto - C.E.P.R. Discussion Papers - 2010

How many cartels are there? The answer is important in assessing the efficiency of competition policy. We present a Hidden Markov Model that answers the question, taking into account that often we do not know whether a cartel exists in an industry or not. Our model identifies key policy...

Persistent link: https://www.econbiz.de/10008468608

Foreign Aid and Domestic Absorption

Temple, Jonathan; van de Sijpe, Nicolas - C.E.P.R. Discussion Papers - 2014

We introduce a new `supply-push' instrument for foreign aid, to be used together with an instrumental variable estimator that filters out unobserved common factors. We use this instrument to study the effects of aid on macroeconomic ratios, and especially the ratios of consumption, investment,...

Persistent link: https://www.econbiz.de/10011084205

On the Wage Growth of Immigrants: Israel, 1990-2000

Eckstein, Zvi; Weiss, Yoram - C.E.P.R. Discussion Papers - 2003

This Paper develops a descriptive methodology for the analysis of wage growth of immigrants, based on human capital theory. The sources of the wage growth are: (i) the rise of the return to imported human capital; (ii) the impact of accumulated experience in the host country; and, (iii) the...

Persistent link: https://www.econbiz.de/10005661791

The Absorption of Highly-Skilled Immigrants: Israel, 1990-1995

Eckstein, Zvi; Weiss, Yoram - C.E.P.R. Discussion Papers - 1998

This paper develops a descriptive methodology for the analysis of wage growth of immigrants, based on human capital theory. The sources of the wage growth are: (i) the rise of the return to imported human capital; (ii) the impact of accumulated experience in the host country; and (iii) the...

Persistent link: https://www.econbiz.de/10005124392

Integration, Agglomeration and the Political Economics of Factor Mobility

Ottaviano, Gianmarco; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 1999

This paper tackles the issue of the optimality of agglomeration in a two-region economy with skilled/mobile and unskilled/immobile workers. The market leads to the optimal outcome when transport costs are high or low. However, for intermediate values, it yields agglomeration whereas dispersion...

Persistent link: https://www.econbiz.de/10005504229

`1992': Trade and Welfare; A General Equilibrium Model

Gasiorek, Michael; Smith, Alasdair; Venables, Anthony J - C.E.P.R. Discussion Papers - 1992

This paper investigates the consequences of the completion of the internal market in the EC using a computable general equilibrium model of trade under imperfect competition. The focus of the paper is the welfare consequences of reducing trade barriers and the changes in production and trade...

Persistent link: https://www.econbiz.de/10005504484

Integration, Specialization and Adjustment

Krugman, Paul; Venables, Anthony J - C.E.P.R. Discussion Papers - 1993

concentrated in a single location. Economic integration may induce specialization. The paper studies the simple dynamics of the … wages as relocation of industry occurs, although there are long-run gains from integration. …

Persistent link: https://www.econbiz.de/10005497849

Culture: Persistence and Evolution

Giavazzi, Francesco; Petkov, Ivan; Schiantarelli, Fabio - C.E.P.R. Discussion Papers - 2014

This paper presents evidence on the speed of evolution (or lack thereof) of a wide range of values and beliefs of different generations of European immigrants to the US. The main result is that persistence differs greatly across cultural attitudes. Some, for instance deep personal religious...

Persistent link: https://www.econbiz.de/10011083563