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This paper shows that the welfare dominance of ad valorem over unit taxes under imperfect competition, extends to the …
Persistent link: https://www.econbiz.de/10004963604
also implies that there may exist a positive bilateral tariff that maximizes national and world welfare. Applying one of … that are heterogeneous across firms, we find that the reciprocal reduction of small tariffs reduces welfare. …
Persistent link: https://www.econbiz.de/10004963707
. Our main result is that network effects create a fundamental conflict between the maximization of social welfare and … welfare is highest in the asymmetric equilibrium. We also show that both consumer surplus and social welfare are higher in any …
Persistent link: https://www.econbiz.de/10004963733
outperform unit taxes in terms of welfare for a wide range of imperfect competition settings, including Dixit … industry, less output per firm, less tax revenue, but higher welfare compared to ad valorem taxes. …
Persistent link: https://www.econbiz.de/10005068803
setting the two policy instruments have different welfare effects. For a strong green policy (a severe reduction of the dirty …
Persistent link: https://www.econbiz.de/10005069021
In 1997, the Comisión Reguladora de Energía of Mexico implemented a netback rule for linking the Mexican natural gas price to the Texas price. At the time, the Texas price reflected a reasonably competitive market. Since that time, there have been dramatic increases in the demand for natural...
Persistent link: https://www.econbiz.de/10008564679
probability of expecting economic recovery. The effect of conflict on general welfare however is less robust. …
Persistent link: https://www.econbiz.de/10008645020
This paper explores the relationship between self-declared risk aversion of private investors and their willingness to hold diversified portfolios of financial assets. The analysis is based on household survey data from the German Socioeconomic Panel (SOEP) that provides a reliable measure of...
Persistent link: https://www.econbiz.de/10011128091
This study questions the popular stereotype that women are more risk averse than men in their financial investment decisions. The analysis is based on micro-level data from large-scale surveys of private households in five European countries. In our analysis of investment decisions, we directly...
Persistent link: https://www.econbiz.de/10011128105
We investigate whether the willingness to take investment risk is a sex-linked trait and link the results to the country's gender equality regime. Our empirical analysis involves household data on financial asset holdings as well as on self-reported risk tolerance for Austria, Italy, the...
Persistent link: https://www.econbiz.de/10011128883