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Optimal Transportation Policy with Strategic Locational Choice
Thisse, Jacques-François; Wildasin, David - C.E.P.R. Discussion Papers - 1994
This paper presents a model of strategic locational choice by duopolistic firms in an urban area where consumer locations are endogenous and where a public facility is exogenously fixed. A welfare analysis taking their strategic behaviour into account is conducted. It is shown that the firms'...
Persistent link: https://www.econbiz.de/10005662289
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The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Prices
Kilian, Lutz - C.E.P.R. Discussion Papers - 2014
This article examines how the shale oil revolution has shaped the evolution of U.S. crude oil and gasoline prices. It puts the evolution of shale oil production into historical perspective, highlights uncertainties about future shale oil production, and cautions against the view that the U.S....
Persistent link: https://www.econbiz.de/10011145394
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A Theory of BOT Concession Contracts
Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2011
In this paper, we discuss the choice for build-operate-and-transfer (BOT) concessions when governments and managers do not share the same information regarding the operation characteristics of a facility. We show that larger shadow costs of public funds and larger information asymmetries entice...
Persistent link: https://www.econbiz.de/10008921773
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What Anti-Corruption Policy Can Learn from Theories of Sector Regulation
Estache, Antonio; Wren-Lewis, Liam - C.E.P.R. Discussion Papers - 2010
This paper reviews the theories of corruption in regulated sectors to further understand the impact of corruption and the ways in which it can be reduced. The aim is to draw out the policy implications of the different theoretical approaches and to examine the support that can be garnered for...
Persistent link: https://www.econbiz.de/10008683530
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On the Road: Access to Transportation Infrastructure and Economic Growth in China
Banerjee, Abhijit; Duflo, Esther; Qian, Nancy - C.E.P.R. Discussion Papers - 2012
consistent with factor mobility playing an important role in determining the economic benefits of infrastructure development. …
Persistent link: https://www.econbiz.de/10011083596
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Persistent effects of empires: Evidence from the partitions of Poland
Grosfeld, Irena; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2013
difference is largely explained by the persistent effect of infrastructure built by Prussians at the time of industrialization …
Persistent link: https://www.econbiz.de/10011083639
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Soviet power plus electrification: what is the long-run legacy of communism?
Carlin, Wendy; Schaffer, Mark E; Seabright, Paul - C.E.P.R. Discussion Papers - 2012
in terms of high investment in physical infrastructure and human capital compensated for the costs in allocative …, from infrastructure and human capital than they suffered from weak market incentives. For initially relatively rich … countries the opposite is true. Second, using various measures of physical stocks of infrastructure and human capital we show …
Persistent link: https://www.econbiz.de/10011083892
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Infrastructure and regional growth in the European Union
Crescenzi, Riccardo; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2012
Transport infrastructure has represented one of the cornerstones of development and cohesion strategies in the European … controversial. This paper revisits the question of to what extent transport infrastructure endowment -- proxied by regional … motorways -- has contributed to regional growth in the EU between 1990 and 2004. It analyses infrastructure in relationship to …
Persistent link: https://www.econbiz.de/10011084543
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Place-Based Policies
Neumark, David; Simpson, Helen - C.E.P.R. Discussion Papers - 2014
reconcile the existing findings. Some evidence points to positive benefits of infrastructure expenditure, and also investment in …
Persistent link: https://www.econbiz.de/10011084586
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Production Networks, Geography and Firm Performance
Bernard, Andrew B.; Moxnes, Andreas; Saito, Yukiko U. - C.E.P.R. Discussion Papers - 2015
This paper examines the importance of buyer-supplier relationships, geography and the structure of the production network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different locations. Low search and outsourcing costs lead firms to...
Persistent link: https://www.econbiz.de/10011262884