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Investment Policy for Time-Inconsistent Discounters
Harstad, Bård - CESifo - 2013
the current principal prefers her future self to save more, she can increase current investments complementary to future … savings and decrease investments in the strategic substitutes, for example. To characterize the principal’s choices they are … benefits from subsidizing investments in “green” capital (complementary to future savings) and tax investments in substitute …
Persistent link: https://www.econbiz.de/10010877709
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Estimating Fluctuations in Oil and Gas Investment
Dahl, Roy Endré; Osmundsen, Petter - CESifo - 2014
Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...
Persistent link: https://www.econbiz.de/10010948869
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Optimal Energy Investment and R&D Strategies to Stabilise Greenhouse Gas Atmospheric Concentrations
Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele; … - CESifo - 2007
The stabilisation of GHG atmospheric concentrations at levels expected to prevent dangerous climate change has become an important, global, long-term objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper we use WITCH, a hybrid...
Persistent link: https://www.econbiz.de/10005765756
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Price-Dependent Profit Sharing as an Escape from the Bertrand Paradox
Foros, Oystein; Hagen, Kare P.; Kind, Hans Jarle - CESifo - 2007
firms undertake investments which benefit the industry in aggregate. The model is consistent with observations from the …
Persistent link: https://www.econbiz.de/10005094252
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Exit Dynamics of Start-up Firms: Does Profit Matter?
Golombek, Rolf; Raknerud, Arvid - CESifo - 2015
We estimate by means of indirect inference a structural economic model where firms’ exit and investment decisions are the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the current capital stock and a measure of short-run...
Persistent link: https://www.econbiz.de/10011124892
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Political Competition, Tax Salience and Accountability: Theory and Some Evidence from Italy
Bracco, Emanuele; Porcelli, Francesco; Redoano, Michela - CESifo - 2013
This paper argues that high political competition does not necessarily induce policy makers to perform better as previous research has shown. We develop a political economy model and we show that when political competition is tight, and elected politicians can rely on more tax instruments, they...
Persistent link: https://www.econbiz.de/10010877811
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Why does Environmental Policy in Representative Democracies Tend to be Inadequate? A Preliminary Public Choice Analysis
Kollmann, Andrea; Schneider, Friedrich - CESifo - 2010
There is a widespread consensus among the most important players in developed countries (voters, politicians, producers, traditional and green interest groups and bureaucracies) that a shift towards an eco-social market economy is essential for sustainable growth. Nevertheless, market-based...
Persistent link: https://www.econbiz.de/10008727290
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The Market for Protection and the Origin of the State
Konrad, Kai A.; Skaperdas, Stergios - CESifo - 2005
We examine a stark setting in which security or protection can be provided by self-governing groups or by for-profit entrepreneurs (kings, kleptocrats, or mafia dons). Though self-governance is best for the population, it faces problems of long-term viability. Typically, in providing security...
Persistent link: https://www.econbiz.de/10005765642
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Comparative Venture Capital Governance. Private versus Labour Sponsored Venture Capital Funds
Cumming, Douglas J.; MacIntosh, Jeffrey G. - CESifo - 2003
capital organiziations and other comparable investments for individual investors. …
Persistent link: https://www.econbiz.de/10005406303
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State Visits and International Trade
Nitsch, Volker - CESifo - 2005
Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on international trade. I use a large data set covering the travel activities of the heads of state of...
Persistent link: https://www.econbiz.de/10005406336