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Gonzalez-Eiras, Martín; Niepelt, Dirk - CESifo - 2005

This paper analyzes the sustainability of intergenerational transfers in politico-economic equilibrium. Embedding electoral competition for the votes of old and young households in the standard Diamond (1965) OLG model, we find that intergenerational transfers naturally arise in a Markov perfect...

Persistent link: https://www.econbiz.de/10005094483

Redistribution or Education? The Political Economy of the Social Race

Bernasconi, Michele; Profeta, Paola - CESifo - 2007

In an overlapping generations model with two social classes, rich and poor, parents of the different social classes vote on two issues: redistributive policies for them and education investment for their children. Public education is the engine for growth through its effect on human capital; but...

Persistent link: https://www.econbiz.de/10005181624

Negative Campaigning in a Probabilistic Voting Model

Brueckner, Jan K.; Lee, Kangoh - CESifo - 2013

This paper extends the small existing theoretical literature on negative campaigning, building on work by Harrington and Hess (1996). While their analysis explores the determinants of negative campaign spending using a classic spatial voting model, this paper relies instead on a probabilistic...

Persistent link: https://www.econbiz.de/10010652446

Outsourcing and Trade in a Spatial World

Egger, Hartmut; Egger, Peter - CESifo - 2004

This paper provides an analysis of outsourcing and trade in a spatial model à la Hotelling. In this setting, we discuss the trade-off between transport-cost-related disadvantages and outsourcing-induced production cost advantages of a large economy. The model gives a rich picture of possible...

Persistent link: https://www.econbiz.de/10005765766

The Trade and Welfare Effects of Mergers in Space

Egger, Hartmut; Egger, Peter - CESifo - 2008

This paper analyzes the consequences of cross-border mergers in a spatial framework, thereby distinguishing three channels of influence: a price increase due to the elimination of product market competition, an adjustment in plant location which reduces overall transportation cost expenditures,...

Persistent link: https://www.econbiz.de/10005766141

Spilling Over and Crowding Out: The Effects of Public Sector/Private Sector Convergence and Competition, in the Provision of Public Goods

Barrowclough, Diana - CESifo - 2001

This paper develops an original model of product differentiation, to contribute to the debate about theregulation and finance of public television. It goes beyond the conventional analysis in this topic, byshowing the spill-over effects that a public broadcaster can have upon commercial...

Persistent link: https://www.econbiz.de/10005181355

Delayed Action and Uncertain Targets. How Much Will Climate Policy Cost?

Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; … - CESifo - 2008

. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding … this uncertainty cost? Is there a hedging strategy that decision makers can adopt to cope with delayed action and uncertain … computing the optimal abatement strategy in the presence of uncertainty about a global stabilisation target (which will be …

Persistent link: https://www.econbiz.de/10005406321

The Value of a Statistical Life under Ambiguity Aversion

Treich, Nicolas - CESifo - 2008

We show that ambiguity aversion increases the value of a statistical life as soon as the marginal utility of wealth is higher if alive than dead. The intuition is that ambiguity aversion has a similar effect as an increase in the perceived baseline mortality risk, and thus operates as the...

Persistent link: https://www.econbiz.de/10005406403

Assessing Horizontal Mergers under Uncertain Efficiency Gains

Choné, Philippe; Linnemer, Laurent - CESifo - 2006

examines the role of uncertainty (on the efficiency gains) in this tradeoff. Common wisdom is that the antitrust authorities … are uncertain would not be theoretically founded. Indeed, the attitude towards uncertainty depends on the curvature of the …

Persistent link: https://www.econbiz.de/10005416449

Growth and Mitigation Policies with Uncertain Climate Damage

Bretschger, Lucas; Vinogradova, Alexandra - CESifo - 2014

Climate physics predicts that the intensity of natural disasters will increase in the future due to climate change. We present a stochastic model of a growing economy where natural disasters are multiple and random, with damages driven by the economy’s polluting activity. We provide a...

Persistent link: https://www.econbiz.de/10011082827