This chapter examines the economic and environmental effects of the interaction between regulated early closure of coal-fired power plants and new energy taxation rules on such plants using a dynamic general equilibrium model of the Portuguese economy. Simulation results show that regulated...

Collective bargaining (CB) conducted by trade unions and employer associations (the social partners) plays a key role in the formation of wages in many countries. This paper investigates the potential interactions of CB with the macroeconomy by estimating the business cycle sensitivity of the...

As an attempt to critically engage with the contemporary visual experience, this chapter explores the horizontal, vertical, and virtual viewpoints. Its main purpose is to question the virtual realm as a place where technology allows for various visual experiences including new, digital, and...

Taking cue from the honoree's lifelong interest in constitutional issues, interdisciplinary research, and intergenerational equity, this chapter presents and assesses the case for constitutional precommitments as means to correct the short-termist bias of democracy. It discusses two different...

For much of the post-World War Two period, the world seemed on a path of ever-greater collaboration among the principal economic centers. In the past decade, economic and political trends have called this upward tendency into question. Within both advanced industrial and developing nations,...

The chapter may be taken as an exercise in second-level history of ideas. It reconstructs the history of almost half a century of historical research on Alfred Marshall, carried out in the circumscribed geographical area indicated in the title by a close-knit team that included (in addition to...

In contrast to the focus on the requirements for efficient allocation and the possibilities for meeting these requirements, which have been the prime theoretical focus in economics during the last century, Alfred Marshall's primary concern as an economist was the organisation of the growth of...

Tiziano Raffaelli's pathbreaking contributions to our understanding of how Adam Smith and Alfred Marshall viewed historical progress are scattered across a number of his publications. This chapter builds on Raffaelli's discussion in two ways. First, it provides a discussion and synthesis of his...

George Stigler, like Piero Sraffa before him, characterised Marshall's doctrine of external economies as playing a major role in permitting an analytical reconciliation of competition and increasing returns, thus repairing a major gap in classical price theory. However, such a characterisation...

Marshall decided to dedicate his life and career to economic studies because of the increasing urgency of the problem of poverty and of the so-called Residuum. This explains why, for him, the most important goal was to find the ways and the means to economic, social and human progress, which he...