Title:Unpriced Quality Number
Author(s):COURTY, PascalDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:A monopolist deliberately charges the same price for differentiated products when high quality products are more likely to be allocated to low type consumers under uniform pricing. The argument can explain the use of ...
Title:Urban Growth, Uninsured Risk and the Rural Origins of Aggregate Volatility
Author(s):POELHEKKE, StevenDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The level of urbanization has increased by over 5 percentage points per decade outside
the developed world since 1960. Rapid urbanization was accompanied by fast economic
growth and job creation in most parts of the ...
Title:The US Trade Deficit, the Decline of the WTO and the Rise of Regionalism
Author(s):AGUR, ItaiDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper argues that the growing US trade deficit has caused the decline of the
WTO and the rise of regional trade agreements. A country in de.cit prefers to retain
market power against countries with a large surplus. ...
Title:The Value Added Tax: Its Causes and Consequences
Author(s):KEEN, Michael; LOCKWOOD, BenDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Almost unknown in 1960, the value added tax (VAT) is now found in more than 130 countries, raises
around 20 percent of the world’s tax revenue, and has been the centerpiece of tax reform in many developing
countries. ...
Title:Value of Information in Competitive Economies with Incomplete Markets
Author(s):GOTTARDI, Piero; RAHI, RohitDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We study the value of information in a competitive economy in which agents trade in asset markets to reallocate risk. We characterize the kinds of information that allow a welfare improvement when portfolios can be freely ...
Title:Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment
Author(s):CORSETTI, Giancarlo; MARTIN, Philippe; PESENTI, PaoloDate:2008Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Most analyses of the macroeconomic adjustment required to correct global imbalances ignore net exports of new varieties of goods and services and do not account for firms'net entry in the product market. In this paper we ...
Title:Vector Autoregressive Models
Author(s):LUETKEPOHL, HelmutDate:2011Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Multivariate simultaneous equations models were used extensively for macroeconometric analysis when Sims (1980) advocated vector autoregressive (VAR) models as alternatives. At that time longer and more frequently observed ...
Title:Vintage Capital
Author(s):BOUCEKKINE, Raouf; DE LA CROIX, David; LICANDRO, OmarDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECO