Showing 1 - 10 of 20
The paper revisits the debate on trickle-down growth in view of the widely discussed evolution of the earnings and income distribution that followed a massive public expansion of higher education. We propose a dynamic general equilibrium model to dynamically evaluate whether economic growth...
Persistent link: https://www.econbiz.de/10010948861
either mitigate the health consequences of domestic pollution privately or reduce pollution collectively through public … ordinary citizens. The recognition that the health consequences of pollution can be dealt with privately at a cost adds an … private mitigation is feasible, inequality of incomes leads to an unequal distribution of the health burden of pollution (in …
Persistent link: https://www.econbiz.de/10008727301
We study the introduction of new technologies when their costs are subject to idiosyncratic uncertainty and can only be fully learned through individual experience. We set up a dynamic model of clean experience goods that replace old polluting consumption options and show how optimal regulation...
Persistent link: https://www.econbiz.de/10010603856
which exhibits distortions due to pollution, external landfilling costs and inefficient product design. The allocative …
Persistent link: https://www.econbiz.de/10005766303
afford private mitigation of the adverse consequences of pollution is a central feature of the analysis. Private mitigation … leads to an endogenous, unequal distribution of the health-related consequences of pollution across income groups in a …
Persistent link: https://www.econbiz.de/10005094435
Persistent link: https://www.econbiz.de/10005181310
Recent literature proposes many variables as significant determinants of pollution. This paper gives an overview of … this literature and asks which of these factors have an empirically robust impact on water and air pollution, i.e. do not … water pollution. …
Persistent link: https://www.econbiz.de/10005406345
We study (energy) markets with dirty incumbents and costly entry by clean producers. For intermediate entry costs, the market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments—taxation on polluters, feed-in tariffs for clean...
Persistent link: https://www.econbiz.de/10010765499
production. Pollution, as a force that discourages agglomeration, is caused by domestic production. We show that cities are too … large and too few in number in uncoordinated equilibrium if economic growth implies increasing pollution (‘brown growth …
Persistent link: https://www.econbiz.de/10010599729
Schumpeter’s concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP and on welfare is hardly acknowledged, with...
Persistent link: https://www.econbiz.de/10010888453