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We delineate the various ways in which rights to environmental and other resources can be assigned to individuals or groups. We then examine models of individual and group interactions, drawing out their implications for the ways in which resources will be utilized and managed under various...
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a (suitable chosen) commodity space. Using this definition endogenous tastes are analytically similar to externalities … tastes have a direct and an indirect impact on welfare. The literature on externalities usually focuses on the direct effect …
Persistent link: https://www.econbiz.de/10008633371
-constrained monetary economy with heterogenous agents and increasing returns to scale due to labour and capital productive externalities … (arbitrarily) small degree of (total) externalities provided that the share of labour externalities exceed a lower bound, which …
Persistent link: https://www.econbiz.de/10005504720
-fulfilling expectations. We consider an overlapping generations economy with capital externalities and we focus on underemployment equilibria …. We find that for wide regions in the parameter space, including an arbitrarily small degree of externalities and a Cobb … that the role of unions in shaping local dynamics depends on technology (externalities and factor's substitutability …
Persistent link: https://www.econbiz.de/10005656164
This paper estimates the impact of inter-sectoral linkages on productivity at the sectoral level. An exhaustive Chinese panel data set for capital, infrastructure and a sectoral agglomeration index is linked with an economic distance matrix derived from inter-sectoral transactions. The latter...
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