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In many cultures and industries gifts are given in order to influence the recipient, often at the expense of a third party. Examples include business gifts of firms and lobbyists. In a series of experiments, we show that, even without incentive or informational effects, small gifts strongly...
Persistent link: https://www.econbiz.de/10010877662
In this paper, we study a two-country dynamic setup with environmental externalities and potential model …
Persistent link: https://www.econbiz.de/10010877702
We consider environmental regulation in a context where firms invest in abatement technology under conditions of uncertainty about subsequent abatement cost, but can subsequently adjust output in the light of true marginal abatement cost. Where an emission tax is the only available instrument,...
Persistent link: https://www.econbiz.de/10010877925
demand by reducing negative externalities. We apply the framework to the database of Kee et al. (2009) and derive ad valorem …
Persistent link: https://www.econbiz.de/10010948885
We study the welfare effects of a revenue-neutral green tax reform in a federation. The reform consists of increasing a tax on a polluting input and reducing that on labor income. Households are fully mobile within the federation. Regions are unequally endowed with a nonrenewable natural...
Persistent link: https://www.econbiz.de/10011210783
Motivated by tropical deforestation, we analyze (i) a novel theory of resource extraction, (ii) the optimal …
Persistent link: https://www.econbiz.de/10011273091
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
A pay-as-you-go pension scheme is associated with positive externalities of having children and providing them with …
Persistent link: https://www.econbiz.de/10005766193
growth and harm future generations. On the other hand, competitive equilibria are inefficient if externalities sustain long …
Persistent link: https://www.econbiz.de/10005094344
externalities appear along the lifecycle. In a simple model, we show that it may be efficient to subsidize innovative firms in their … early stages or to protect mature firms from competition to appropriate these externalities. However, non …-benevolent politicians may not choose efficient policies. Real-world examples indicate that politicians tend to concentrate on externalities …
Persistent link: https://www.econbiz.de/10005094474