Title:Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment
Author(s):ACCONCIA, Antonio; CORSETTI, Giancarlo; SIMONELLI, SaverioDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We estimate the multiplier by relying on differences in spending in infrastructure across Italian provinces and an instrument identifying investment changes that are large and exogenous to local cyclical conditions. We ...
Title:Making Government Accountable: Lessons from a Federal Job Training Program
Author(s):COURTY, Pascal; MARSCHKE, GeraldDate:2007Type of Publication:ArticleAbstract:This article describes the evolution of a performance measurement system in a government job training program. In this program, a federal agency establishes performance measures and standards for substate agencies. The ...
Title:Manipulation of Crude Oil Futures
Author(s):PHLIPS, LouisDate:1991Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Mark-to-market Accounting and Liquidity Pricing
Author(s):CARLETTI, Elena; ALLEN, FranklinDate:2008Type of Publication:ArticleAbstract:When liquidity plays an important role as in financial crises, asset prices may reflect the amount of liquidity available rather than the asset's future earning power. Using market prices to assess financial institutions’ ...
Title:Market Regulation and Firm Performance: The Case of Smoking Bans in the UK
Author(s):ADDA, Jérôme; BERLINSKI, Samuel; BHASKAR, V.; MACHIN, StephenDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper analyzes the effects of a ban on smoking in public places upon firms and consumers. Analysis of survey data from public houses finds that the Scottish smoking ban (introduced in March 2006) reduced pub sales and ...
Title:Market Structure and Competition Policy: Game theoretic approaches
Author(s):NORMAN, George; THISSE, Jacques-FrancoisDate:2000Type of Publication:BookAbstract:Market Structure and Competition Policy applies modern advances in game theory to the analysis of competition policy and develops some of the theoretical and policy concerns associated with the pioneering work of Louis ...
Title:Market vs. Institutions: The Trade-off Between Unemployment and Wage Inequality Revisited
Author(s):BICAKOVA, AlenaDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The trade-off hypothesis suggests that high wage inequality in the US and the UK and
high unemployment in countries of continental Europe are consequences of the same
negative change in the demand for the low skilled ...