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作者：CASE, AC; HINES, JR; ROSEN, HS
作者单位：Harvard University
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作者：WELLISCH, D
摘要：When households are immobile across regions, the decentralized provision of public goods that generate interregional benefit spillovers is inefficiently low. We analyze this problem in an environment of interregional household migration and obtain the following results: if households are perfectly mobile across regions, then the decentralized provision of public goods generating spillovers is socially efficient. There is no need for central government intervention. If households are attached t...
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作者：SCHMIDT, CM; STILZ, A; ZIMMERMANN, KF
作者单位：University of Munich; Centre for Economic Policy Research - UK
摘要：The widening gap between the dismal economic situation in the less developed economies and the economic prospects of migrant to Western economies has generated a potential for mass migration. At the same time, the developed economies have experienced high and persistent unemployment among their unskilled workers who would have to compete with new immigrants. We use a model that distinguishes labor markets by skill and concentrate on the imperfectly competitive mechanism of wage determination i...
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作者：DESERPA, AC
摘要：This paper provides a rigorous statement of the Coase theorem and establishes a formal equivalence between abstract allocative mechanisms attributed to Coase and Pigou. The model proceeds from output functions that reduce to production functions in special cases, thereby capturing effects that are obscured by conventional production and cost functions. The model also emphasizes fundamental differences in the characteristics of inputs (particularly land) that are implied in the construction of ...
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作者：ROLAND, G; VERDIER, T
作者单位：Universite PSL; Ecole Normale Superieure (ENS)
摘要：This paper proposes a model to shed light on two important policy features of privatization in Central and Eastern Europe: the idea of a necessary critical mass of privatization on one hand, and the great difficulties encountered in the actual privatization process on the other. The model incorporates a positive externality related to the size of the private sector. Multiple equilibria may arise for political and economic reasons. Policies of free distribution are analysed with the model. They...
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作者：DEMOUGIN, D; SINN, HW
作者单位：University of Munich; Leibniz Association; Ifo Institut; Centre for Economic Policy Research - UK
摘要：This paper studies alternative methods of privatizing a formerly communist firm in the presence of imperfect risk markets. The methods include cash sales, a give-away scheme, and a participation contract where the government retains a sleeping fractional ownership in the firm. It is shown that, with competitive bidding, the participation contract dominates cash sales because it generates both more private restructuring investment and a higher expected present value of revenue for the governmen...
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作者：MINTZ, JM; TSIOPOULOS, T
摘要：The value of corporate tax holiday incentives provided by Central-Eastern Europe (CEE) countries to attract foreign investment depends on whether a multinational company must pay corporate income taxes to its home government on income remitted from abroad (i.e. the multinational is said to be in a deficient credit position if foreign taxes paid are less than the home country tax owing on foreign-source income). This paper examines the value of corporate tax incentives given to manufacturing co...
