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Welfare Improving Contracts in Cournot Markets

Catilina, Eliane - EconWPA - 1998

level of welfare without changing either the strategic variable (output quantity) or the way prices are determined (by an … auctioneer). The problem is set as a two- stage game played by profit-maximizing firms and a welfare-maximizing government. Firms … an entire industry and achieve welfare improvements. This is possible as the decision-making asymmetry among privately …

Persistent link: https://www.econbiz.de/10005561774

Personal Income Tax Reform and Revenue Potential in Transition

Bogetic, Zeljko; Hassan, Fareed - EconWPA - 2005

The paper uses the 1992 household survey for Bulgaria to show poor revenue performance of the income tax structure prevailing in 1992, which did not take into account the underlying distribution of income. The paper shows that Bulgaria can benefit from a much lower and simpler income tax rate...

Persistent link: https://www.econbiz.de/10005560954

Evidence for the Independence of Waged and Unwaged Income, Evidence for Boltzmann Distributions in Waged Income, and the Outlines of a Coherent Theory of Income Distribution

Willis, Geoff; Mimkes, Juergen - EconWPA - 2004

Two sets of high quality income data are analysed in detail, one set from the UK, one from the USA. It is firstly demonstrated that both a log-normal distribution and a Boltzmann distribution can give very accurate fits to both these data sets. The absence of a power tail in the US data set is...

Persistent link: https://www.econbiz.de/10005135094

Lobbying, Information Transmission, and Unequal Representation

Lagerlof, Johan; Frisell, Lars - EconWPA - 2004

transmitted to the policymaker. We also investigate the effects of inequality on welfare and discuss the welfare effects of …

Persistent link: https://www.econbiz.de/10005413244

International benchmarking of the Australian waterfront

Commission, Productivity - EconWPA - 2002

This study is part of a continuing program of research into the performance of economic infrastructure industries, which was commenced by the Bureau of Industry Economics. It is the third Waterfront Benchmarking report in the cycle. The study builds on the two previous waterfront studies by...

Persistent link: https://www.econbiz.de/10005413247

Media, Education, and anti-Americanism in the Muslim World

Gentzkow, Matthew A.; Shapiro, Jesse M. - EconWPA - 2004

Recent surveys in the United States and the Muslim world show widespread misinformation about the events of September 11, 2001. Using data from 9 predominantly Muslim countries, we study how such beliefs depend on exposure to news media and levels of education. Standard economic theory would...

Persistent link: https://www.econbiz.de/10005413251

The Pareto-Efficient Relativity of Relative Risk Aversion

Eagle, David - EconWPA - 2005

In a pure-exchange economy involving one perishable consumption good and risk-averse consumers, the elasticity of a consumer’s Pareto-efficient consumption with respect to aggregate output equals the reciprocal of the ratio of the consumer’s coefficient of relative risk aversion to average...

Persistent link: https://www.econbiz.de/10005413253

Economic Analysis Supplemental

Choi, A - EconWPA - 2005

A supplement to Economic Analysis (3rd Edition).

Persistent link: https://www.econbiz.de/10005413257

The Opportunity Cost of Duality

Fare, Rolf; Primont, Daniel - EconWPA - 1995

A dual representation of a technology, e.g., a cost function, may not contain all of the technological information, but it will contain all of the information about input vectors that would be chosen by a cost-minimizing firm. At least this much is clear for deterministic technologies. The main...

Persistent link: https://www.econbiz.de/10005413258

A Three Factor Agricultural Production Function: The Case of Canada

Echevarria, Cristina - EconWPA - 2005

This paper estimates a constant returns to scale agricultural production function of the three basic factors of production. Such a function is a useful tool for macroeconomic, growth, and development studies. It uses the shares approach that Solow used in 1957 and very disaggregated Canadian...

Persistent link: https://www.econbiz.de/10005413260