The investment effects of price caps under imperfect competition: A note

We examine the impact of price cap regulation on the capacity investments of oligopolistic suppliers facing time-varying demand. We find that binding price caps set above long-run marginal cost increase (rather than decrease) aggregate capacity investment.     

GDPR: A Step Towards a User-centric Internet?

While the potential empowering impact of the GDPR is huge, we argue that the ambivalent attitudes of users towards data protection, as well as the risk of differentiation of legal practice among member states, can seriously limit the real effects of the privacy reform.     

The Uneven Pace of Deindustrialisation in the OECD

Throughout the OECD, the period since the 1970s saw a secular decline in manufacturing's share of GDP and a secular rise in the share of services. Despite this being a central feature of growth, the economic forces behind deindustrialisation and the reasons why its pace varied so markedly across OECD countries are not well understood. Adopting an econometric approach founded in neoclassical production theory, we provide an empirical analysis of the role of changes in relative prices, technology and factor endowments in driving changes in production structure. The speed of adjustment to changes in these determinants of production structure varies across OECD countries and is correlated with levels of employment protection.     

Dienstleistungshandel: Ökonomische Effekte der Liberalisierung

Die Liberalisierung des internationalen Dienstleistungshandels birgt gro?e ?konomische Potentiale und k?nnte zu steigender Wohlfahrt in vielen L?ndern führen. Wer w?ren die Gewinner und Verlierer? Warum gibt es ungeachtet dieser Potentiale kaum Fortschritte bei den Verhandlungen über das Dienstleistungsabkommen (GATS) im Rahmen der Welthandelsorganisation (WTO)? Wie stehen die Chancen für die Zukunft? Eine Analyse der aktuellen Literatur zum Thema gibt Auskunft über prognostizierte ?konomische Effekte.     

Endogenous R&D spillovers and locational choice with discriminatory pricing

We present a model of spatial price discrimination where R&D spillovers are endogenous as they depend on firms' location. We establish that both the distance between locations and R&D efforts are an increasing function of the transportation cost coefficient and show that there is a continuum of cases where firms will choose an intermediate location. The managerial implications from the model are discussed using examples of marketing behavior by Internet retailers. Copyright © 2004 John Wiley & Sons, Ltd.     

Household Social Mobility for Paid Domestic Workers and Other Low-Skilled Women Employed in South Africa

This paper explores the theme of patronage by examining how the social mobility prospects of paid domestic workers differ from other vulnerable low-skilled black and colored women in post-apartheid South Africa. The literature provides contradictory predictions about the effects of a relationship with an affluent employer on a vulnerable employed woman and her household. Using data from the 2002–8 General Household Survey, this study uses propensity score matching (PSM) to compare paid domestic workers versus employed women with similar labor market characteristics. It finds that the household members of paid domestic workers tend to have a lower likelihood of unemployment, lower unemployment duration, higher likelihood of owning assets, and lower prevalence of hunger. It is, however, important to see evidence of such benefits in the context of a complicated employment relationship and to highlight that such benefits can reflect both altruistic and self-serving employer motivations.     

Label versus position in rating scales

The current study is important for two reasons: First, it demonstrates a procedure for isolating both the label and position effects in rating scales. In addition, it indicates that subjects seem to respond to the actual adjectives employed rather than to their positions relative to the endpoints. Further research should be conducted, in order to determine the relative importance of label and position effects in rating scales, using subjects other than students. Since much research involves the use of rating scales, this is certainly an important area that warrants considerably more investigation. Interpublic Group of Companies     

Die Finanzwirtschaft des Fürstentums Liechtenstein unter Berücksichtigung des vom Landtag am 30.1.1961 beschlossenen neuen Steuergesetzes

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