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A class of behavioral models for the profit-maximizing firm

Choné, Philippe; Linnemer, Laurent - 2022

We study the behavior of a firm that consistently maximizes a misspecified profit function. We provide an equilibrium concept where the misspecification error remains undetected. We examine the uniqueness and stability of the equilibria. The model of the price-taking firm belongs to this class....

Persistent link: https://www.econbiz.de/10013186353

Pollution, shadow economy and corruption : theory and evidence

Biswas, Amit K.; Farzanegan, Mohammad Reza; Thum, Marcel - 2011

We study how the shadow economy affects pollution and how this effect depends on corruption levels in public … be accompanied by higher pollution levels. Our theoretical model predicts that controlling the levels of corruption can … limit the effect of the shadow economy on pollution. We use panel data covering the period from 1999-2005 from more than 100 …

Persistent link: https://www.econbiz.de/10009375247

Identification and estimation of the environmental Kuznets curve : pairwise differencing to deal with nonlinearity and nonstationarity

Sen, Suphi; Melenberg, Bertrand; Vollebergh, Herman R. J. - 2016

We propose an estimation strategy that accounts for two major problems raised in the empirical literature testing for the prevalence of the inverted U-shaped relation between environmental degradation and economic activity, namely the Environmental Kuznets Curve (EKC) hypothesis. First, we use...

Persistent link: https://www.econbiz.de/10011447524

Estimation of Climate Change Damage Functions for 140 Regions in the Gtap9 Database

Roson, Roberto - 2017

Climate change damage (or, more correctly, impact) functions relate variations in temperature (or other climate variables) to economic impacts in various dimensions, and are at the basis of quantitative modeling exercises for the assessment of climate change policies. This document provides a...

Persistent link: https://www.econbiz.de/10012968733

Estimating the Size of External Effects of Energy Subsidies in Transport and Agriculture

Commander, Simon - 2017

with congestion and pollution, as well as the impact of underpriced energy for depletion of scarce water resources … external costs of energy subsidies, as manifested in congestion and pollution. The estimates using simulations indicate that …

Persistent link: https://www.econbiz.de/10012971924

The environmental Kuznets curve : exploring a fresh specification

Bradford, David F.; Schlieckert, Rebecca; Shore, Stephen H. - 2000

between income level and pollution). The new specification enables us to draw conclusions from fixed effects estimation. In …

Persistent link: https://www.econbiz.de/10009781648

Urbanization, energy consumption, and pollutant emission in Asian developing economies : an empirical analysis

Salim, Ruhul A.; Rafiq, Shuddhasattwa; Shafiei, Sahar - 2017

This paper aims to investigate the effects of urbanization, renewable and non-renewable energy consumption, trade liberalization, and economic growth on pollutant emissions and energy intensity in selected Asian developing countries from 1980 to 2010. We use both linear and nonlinear panel data...

Persistent link: https://www.econbiz.de/10011635193

Housing environmental risk in urban areas : cross country comparison and policy implications

Chiarini, Bruno; D'Agostino, Antonella; Marzano, Elisabetta - 2017

The main aim of this paper is to assess whether there is a statistically significant environmental impact of cities within European countries. Second, starting from the estimated environmental impact of cities within European countries, the paper investigates whether cross-country variation can...

Persistent link: https://www.econbiz.de/10011781394

Spend-and-tax adjustments and the sustainability of the government's intertemporal budget constraint

Legrenzi, Gabriella Deborah; Milas, Costas - 2010

We apply non-linear error-correction models to the empirical testing of the sustainability of the government's intertemporal budget constraint. Our empirical analysis, based on Italy, shows that the Italian government is meeting its intertemporal budget constraint, in spite of the high levels of...

Persistent link: https://www.econbiz.de/10003936661

The sustainability of fiscal policy in Italy : a long-term perspective

Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta - 2012

The recent fears of a sovereign debt crisis have spurred interest in the sustainability of public debt. There are two different approaches to the assessment of sustainability: the use of sustainability gap indicators (Blanchard et al., 1990) and the time series approach (Trehan and Walsh, 1988)....

Persistent link: https://www.econbiz.de/10009535101