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Where is the Internet? Agglomeration in Space and Cyberspace

Giovannetti, Emanuele; Neuhoff, Karsten; Spagnolo, Giancarlo - In: Industrial Agglomeration and New Technologies

This book, a collaborative effort by researchers from Japan, Italy and the USA, seeks to explore the reasons for industrial clustering in certain regions of Asia, Europe and North America. The studies presented illustrate real examples of industrial clusters, adding anecdotal evidence to the...

Persistent link: https://www.econbiz.de/10011178189

Reputation and Entry

Butler, Jeffrey; Carbone, Enrica; Conzo, Pierluigi; … - The Stockholm Institute of Transition Economics and … - 2012

This paper reports results from a laboratory experiment exploring the relationship between reputation and entry in procurement. There is widespread concern among regulators that favoring suppliers with good past performance, a standard practice in private procurement, may hinder entry by new...

Persistent link: https://www.econbiz.de/10010598175

Legalizing Bribes

Spagnolo, Giancarlo; Dufwenberg, Martin - The Stockholm Institute of Transition Economics and … - 2011

Harassment bribes - payments people give in order not to be denied what they are legally entitled to – are common in for example India. Kaushik Basu recently made a '’radical'’ proposal to reduce its occurrence: Legalize the act of giving the bribe and double the fine for accepting the...

Persistent link: https://www.econbiz.de/10009395372

Reputation and Entry

Butler, Jeffrey V.; Carbone, Enrica; Conzo, Pierluigi; … - Dipartimento di Politica Economica, Finanza e Sviluppo … - 2012

This paper reports results from a laboratory experiment exploring the relationship between reputation and entry in procurement. We propose a procurement model with reputation and entry assigning to the entrant a reputational advantage of varying size across treatments. There is widespread...

Persistent link: https://www.econbiz.de/10010602865

Contracts as Threats: on a Rationale For Rewarding A while Hoping For B

Iossa, Elisabetta; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2011

Contracts often reward inefficient tasks and are not enforced ex post. We provide a new explanation based on the relationship between explicit contracts and implicit agreements, distinguishing the ex-ante decision to sign a contract from the ex-post decision whether to apply it. We show that it...

Persistent link: https://www.econbiz.de/10008854495

Debt as a (credible) collusive device, or: "Everybody happy but the consumer"

Spagnolo, Giancarlo - 1999

The paper proposes a theory of the anti-competitive effects of debt finance based on the interaction between capital structure, managerial incentives, and firms' ability to sustain collusive agreements. It shows that shareholders' commitments that reduce conflicts with debtholders such as hiring...

Persistent link: https://www.econbiz.de/10011608557

Legalizing Bribes

Spagnolo, Giancarlo; Dufwenberg, Martin - 2012

Harassment bribes - payments people give in order not to be denied what they are legally entitled to – are common in for example India. Kaushik Basu recently made a ''radical'' proposal to reduce its occurrence: Legalize the act of giving the bribe and double the fine for accepting the bribe!...

Persistent link: https://www.econbiz.de/10012110640

Reputation and Entry

Butler, Jeffrey; Carbone, Enrica; Conzo, Pierluigi; … - 2012

Persistent link: https://www.econbiz.de/10012110648

Governing the governors: A clinical study of central banks

Frisell, Lars; Roszbach, Kasper; Spagnolo, Giancarlo - 2008

Recent research on central bank governance has focused mainly on their monetary policy task. As the sub-prime loan … also in ensuring their soundness and stability. In this paper we study the specific corporate governance structures of a … public governance literatures, where present. Our analysis highlights a striking variety in central bank governance …

Persistent link: https://www.econbiz.de/10010320771

Leniency Policies and Illegal Transactions

Buccirossi, Paolo; Spagnolo, Giancarlo - Volkswirtschaftliche Fakultät, … - 2005

governance mechanism for occasional sequential illegal transactions that would not be feasible in its absence. …

Persistent link: https://www.econbiz.de/10005785844