Showing 1 - 10 of 33
This paper develops a dynamic model wherein production generates pollution that is viewed as a public bad by consumers. There are two types of consumers : those who are altuist a la Barro-Becker and leave bequests to their children and those who are pure life-cyclers. Both types of consumers...
Persistent link: https://www.econbiz.de/10005478916
In this paper, we study the welfare effects of monetary policy in a simple overlapping generation economy in which agents voluntary contribute to a public good. Inflation has two effects at equilibrium: it increases voluntary contributions and it misallocates private consumption across time. We...
Persistent link: https://www.econbiz.de/10005478918
This paper presents an overlapping generations model of environmental externalities with a depollution technology. We show that if an agent is sufficiently risk averse, voluntary contribution is a decreasing function of average efficiency of depollution technology. If on the contrary, the...
Persistent link: https://www.econbiz.de/10005478932
We study how political boundaries and tax competition among jurisdictions interact with the labor and land markets to determine the economic structure and performance of metropolitan areas. Contrary to general belief, institutional fragmentation and cross-border commuting need not be...
Persistent link: https://www.econbiz.de/10010735626
This paper examines the optimal non linear income and commodity tax when the same labor disutility can receive two alternative interpretations, taste for leisure and disability, but the disability is not readily observable. We compare the optimal policyunder alternative social objectives,...
Persistent link: https://www.econbiz.de/10005042907
This paper examines efficiency rationales behind uniformity of taxation for public projects. Let a benevolent risk neutral 'constitutional designer' to set an optimal cost-sharing rule for a legislature operating under majority rule. Then the designer will choose 'more equal taxes' for a country...
Persistent link: https://www.econbiz.de/10005042968
This paper presents an overlapping generations model of environmental externalities with a depollution technology. Each agent concerned by the environmental degradation can voluntarily contribute in order to reduce it. Contributing to the environmental quality means financing depollution...
Persistent link: https://www.econbiz.de/10005042991
We examine the formation of International Environmental Agreements (IEAs). We extend the existing literature by endogenizing the reaction of the IEAs members to a deviation by a member or a group of members. We assume that when a country contemplates exiting or joining an agreement, it takes...
Persistent link: https://www.econbiz.de/10005043108
This paper considers a government that seeks both to redistribute income and to encourage or discourage the consumption of a certain good. This good is assumed to be either a merit or demerit good. Individuals differ in their exogenous income and in their preferences for the merit good. The...
Persistent link: https://www.econbiz.de/10005043178
We combine the newest concepts o non-cooperative coalition theory with a computable general equilibrium model close to the seminal RICE-model of Nordhaus and Yang (1996) to determine stable coalition structures in a global warming game. We consider three coalition games that allow for the...
Persistent link: https://www.econbiz.de/10005043184