Showing 1 - 10 of 176
leads to an endogenous, unequal distribution of the health-related consequences of pollution across income groups in a … afford private mitigation of the adverse consequences of pollution is a central feature of the analysis. Private mitigation … manner consistent with epidemiologic studies, in contrast to much of the literature which assumes equal health effects for …
Persistent link: https://www.econbiz.de/10005094435
growth rate of consumption and the capital stock until a shock arrives, triggering a downward jump in both variables. Optimum … baseline model by adding climate-induced fluctuations around the growth trend and stock-pollution effects, demonstrating …
Persistent link: https://www.econbiz.de/10011082827
The perception of disease risks and risky health behaviors are closely associated. In this paper, we investigate the … accuracy of disease risk perceptions among obese individuals. We compare subjective risk perceptions for various diseases …
Persistent link: https://www.econbiz.de/10010877831
Empirical evidence suggests that positive externalities from R&D exceed negative ones. According to conventional wisdom, this calls for R&D subsidies. This paper develops a quality-ladder growth model with overlapping generations which evaluates the positive and normative implications of R&D...
Persistent link: https://www.econbiz.de/10005765654
We incorporate Keeping-up-with-the-Joneses (KUJ) preferences into the Blanchard-Yaari(BY) framework and develop, using an AK technology, a model of balanced growth. In this context we investigate status preference, demographic, and pension policy shocks. We find that a higher degree of KUJ...
Persistent link: https://www.econbiz.de/10005766173
two technology shocks in the human capital model is greater than the Hicks-neutral shock in the RBC model in the medium …
Persistent link: https://www.econbiz.de/10004979395
We study the effects of an annuity market imperfection on individual agents’ labour supply and retirement decisions and on the macroeconomic growth rate in an overlapping generations model with endogenous growth. We model imperfect annuities by introducing a load factor on the interest rate...
Persistent link: https://www.econbiz.de/10005013054
This paper introduces money into an overlapping generations model with endogenous growth. The model, due to Docquier et al. (2007), exhibits a positive intergenerational externality which precludes its laissez-fair equilibrium to be optimal even if the government can control the level of...
Persistent link: https://www.econbiz.de/10005013062
This paper develops a quality-ladder model of endogenous growth to study the interplay between in-house R&D and marketing expenditure. Although promotional activity is modelled as purely wasteful competition among firms for attention, it unambiguously fosters innovation activity of firms, and...
Persistent link: https://www.econbiz.de/10005196283
In this paper we test the AK model of growth with laboratory experiments. In each period, agents produce and trade output in a market, and allocate it to consumption and investment. The economy should experience a constant and positive rate of growth. We analyze two treatments differing from...
Persistent link: https://www.econbiz.de/10009651181