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This paper reviews empirical evidence, especially from Europe, on how education and training policies can be designed … to advance both efficiency and equity. Returns to educational investments tend to decrease over the life cycle. Moreover … life cycle. This creates complementarities between efficiency and equity at early stages and trade-offs at late stages. The …
Persistent link: https://www.econbiz.de/10005094505
in Europe, of which Switzerland is just one particularly pronounced example. The regulator would have been better advised …
Persistent link: https://www.econbiz.de/10005766272
competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … was predominantly employed in Europe. …
Persistent link: https://www.econbiz.de/10005094495
The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in a simultaneous ascending-bid auction.The present paper gives an account of the events, describes the auction rules and market conditions, and provides a theoretical explanation...
Persistent link: https://www.econbiz.de/10005181274
Two-sided platform firms serve distinct customer groups that are connected through interdependent demand, and include major businesses such as the media industry, banking, and the software industry. A well known textbook result in one-sided markets is that a government may increase a...
Persistent link: https://www.econbiz.de/10005196255
The existing literature has shown that special interest groups can have both growth enhancing and retarding effects on an economy. In either case it is always assumed that the nature of the special interest groups remains constant over time. The hypothesis of this paper is that a dynamic...
Persistent link: https://www.econbiz.de/10010877655
decreasing efficiency, which becomes more severe as the centralized budget increases. We also analyze partial ex-ante commitment … through alternative decision-making institutions: Both majority rule and exogenous tax rules can improve efficiency. …
Persistent link: https://www.econbiz.de/10010877969
The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...
Persistent link: https://www.econbiz.de/10011264740
When workers send applications to vacancies they create a network. Frictions arise if workers do not know where other workers apply to (this affects network creation) and firms do not know which candidates other firms consider (this affects network clearing). We show that those frictions and the...
Persistent link: https://www.econbiz.de/10009221551
by the Ramsey government not only increases aggregate efficiency, but it also decreases inequality. This result is in …
Persistent link: https://www.econbiz.de/10010556462