the current principal prefers her future self to save more, she can increase current investments complementary to future … savings and decrease investments in the strategic substitutes, for example. To characterize the principal’s choices they are … benefits from subsidizing investments in “green” capital (complementary to future savings) and tax investments in substitute …

objective. In this paper we use WITCH, a hybrid climate-energy-economy model, to obtain a quantitative assessment of some cost … stabilisation of GHG atmospheric concentrations at 550 and 450 ppm). Given that the model accounts for interdependencies and …

firms undertake investments which benefit the industry in aggregate. The model is consistent with observations from the …

We estimate by means of indirect inference a structural economic model where firms’ exit and investment decisions are … the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the … the econometrician. We estimate the model on all start-up firms in the Norwegian manufacturing sector during 1994 …

The purpose of this paper is to evaluate the efficiency of the East German economy at the firm level using an … unbalanced panel over the transition period 1994 to 1998. We adopt a translog stochastic frontier model to estimate technical … efficiency in eastern and western Germany. The results indicate that firms in eastern Germany are significantly less efficient …

This paper analyses technical efficiency of European banks over the period 1996-2003 with unbalanced panel data … techniques. A latent class frontier model is used which allows the identification of different segments in the production …

to the lobbies. A theoretical framework in which established and new lobbies overlap is developed to model the incentives …

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. …