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Delegation and the Ratchet Effect: Should Regulators Be Pro-Industry?

Currie, David; Levine, Paul L; Rickman, Neil - C.E.P.R. Discussion Papers - 1999

Delegation to independent bodies whose preference can be different from those of the government has been shown to have … delegation in the context of a cost-reimbursement procurement problem. Our solution combines several features of the modern … heterogeneity across regulators available. We find that delegation to an independent industry regulator, whose preferences are more …

Persistent link: https://www.econbiz.de/10005136782

Firms' Decisions on Where to Incorporate

Bebchuk, Lucian Arye; Cohen, Alma - C.E.P.R. Discussion Papers - 2002

This Paper empirically investigates the decisions of US publicly traded firms on where to incorporate. We study the features of states that make them attractive to incorporating firms and the characteristics of firms that determine whether they incorporate in or out of their state of location....

Persistent link: https://www.econbiz.de/10005123946

Tax Competition and the International Distribution of Firm Ownership: An Invariance Result

Ferrett, Ben; Wooton, Ian - C.E.P.R. Discussion Papers - 2006

Intuition suggests that the international distribution of firm ownership ought to affect tax/subsidy competition for mobile plants. One might expect that the greater the share of a firm owned within a potential host country that offers a relatively profitable production location, the more that...

Persistent link: https://www.econbiz.de/10005788936

Interregional Redistribution and Mobility in Federations: A Positive Approach

Hansen, Nico; Kessler, Anke - C.E.P.R. Discussion Papers - 2004

The Paper studies the effects and the determinants of interregional redistribution in a model of residential and political choice. We find that paradoxical consequences of interjurisdictional transfers can arise if people are mobile: while self-sufficient regions are necessarily identical with...

Persistent link: https://www.econbiz.de/10005791306

On the Welfare Effects of Competition for Foreign Direct Investments

Fumagalli, Chiara - C.E.P.R. Discussion Papers - 2000

This paper studies the effects of subsidy competition for the location of a multinational enterprise (MNE). We assume that a (poorer) region enjoys larger gains from the positive externalities associated with the inward investment but that the MNE would find it more profitable to locate to the...

Persistent link: https://www.econbiz.de/10005791352

Government and Cities: Contests and the Decentralization of Decision Making

Epstein, Gil S; Gang, Ira - C.E.P.R. Discussion Papers - 2002

Governments do not have perfect information regarding the priorities and the needs of different groups in the economy. This lack of knowledge opens the door for different groups to lobby the government in order to receive the government’s support. We set up a model of hierarchical contests and...

Persistent link: https://www.econbiz.de/10005497910

Who Trusts Others?

Alesina, Alberto F; La Ferrara, Eliana - C.E.P.R. Discussion Papers - 2000

Both individual experiences and community characteristics influence how much people trust each other. Using individual level data drawn from US localities we find that the strongest factors associated with low trust are: i) a recent history of traumatic experiences; ii) belonging to a group that...

Persistent link: https://www.econbiz.de/10005498055

Taking the Bite Out of Fiscal Competition

Justman, Moshe; Thisse, Jacques-François; van … - C.E.P.R. Discussion Papers - 2001

Regions can benefit by offering infrastructure services that are differentiated by quality, thus segmenting the market for industrial location. Regions that compete on infrastructure quality have an incentive to increase the degree of differentiation between them. This places an upper bound on...

Persistent link: https://www.econbiz.de/10005504498

Tax Competition for Foreign Direct Investment

Haufler, Andreas; Wooton, Ian - C.E.P.R. Discussion Papers - 1997

This paper analyses tax competition between two countries of unequal size trying to attract a foreign-owned monopolist. When regional governments have only a lump-sum profit tax (subsidy) at their disposal, but face exogenous and identical transport costs for imports, then both countries will...

Persistent link: https://www.econbiz.de/10005136406

Racial Segregation and Public School Expenditure

La Ferrara, Eliana; Mele, Angelo - C.E.P.R. Discussion Papers - 2006

This paper explores the effect of racial segregation on public school expenditure in US metropolitan areas and school districts. Our starting point is the literature that relates public good provision to the degree of racial fragmentation in the community. We argue that looking at fragmentation...

Persistent link: https://www.econbiz.de/10005114358