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Can General Purpose Technology Theory Explain Economic Growth? Electrical Power as a Case Study
Ristuccia, Cristiano Andrea; Solomou, Solomos - CESifo - 2014
Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …
Persistent link: https://www.econbiz.de/10010748306
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Policy Persistence and Rent Extraction
Friedrich, Silke - CESifo - 2013
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
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Centralized Fiscal Spending by Supranational Unions
Simon, Jenny; Valasek, Justin Mattias - CESifo - 2013
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
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Battle for Climate and Scarcity Rents: Beyond the Linear-Quadratic Case
Kagan, Mark; Ploeg, Frederick Van der; Withagen, Cees A. - CESifo - 2014
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
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Simultaneous Search and Network Efficiency
Gautier, Pieter A.; Holzner, Christian - CESifo - 2011
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
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Are User Fees Really Regressive?
Economides, George; Philippopoulos, Apostolis - CESifo - 2012
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
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Household Formation and Markets
Gersbach, Hans; Haller, Hans; Konishi, Hideo - CESifo - 2013
We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partner’s commodity consumption and unpriced actions are allowed. Each individual has two types of traits: observable...
Persistent link: https://www.econbiz.de/10010698700
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Market Failures and the Under-Provision of Training
Brunello, Giorgio; Paola, Maria De - CESifo - 2004
This paper reviews both the theoretical underpinnings and the empirical evidence in support of the under-provision of training. While there is little if any evidence in support of under-provision because of liquidity constraints to the demand side of the market, there is evidence that employers...
Persistent link: https://www.econbiz.de/10005094467
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Efficiency and Equity of European Education and Training Policies
Woessmann, Ludger - CESifo - 2006
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 … paper goes on to discuss specific policies for efficiency and equity at each educational stage, ranging from early childhood …
Persistent link: https://www.econbiz.de/10005094505
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Accident Law: An Excessive Standard May Be Efficient
Goerke, Laszlo - CESifo - 2001
order to trigger fine payments. Hence, efficiency needs an excessive standard. …
Persistent link: https://www.econbiz.de/10005181224