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Eliciting the Demand for Long Term Care Coverage: A Discrete Choice Modelling Analysis

Brau, Rinaldo; Bruni, Matteo Lippi - Fondazione ENI Enrico Mattei (FEEM) - 2006

We evaluate the demand for long term care (LTC) insurance prospects in a stated preference context, by means of the results of a choice experiment carried out on a representative sample of the Emilia-Romagna population. Choice modelling techniques have not been used yet for studying the demand...

Persistent link: https://www.econbiz.de/10005385377

Capital Structure and Regulation: Does Ownership Matter?

Cambini, Carlo; Bortolotti, Bernardo; Rondi, Laura; … - Fondazione ENI Enrico Mattei (FEEM) - 2007

and how this interaction is affected by ownership structure. We show that firms in our sample increase their leverage … that the leverage of these firms has a positive and significant effect on regulated prices, but not vice versa, and it also … privately-controlled firms use leverage strategically to shield themselves against regulatory opportunism. …

Persistent link: https://www.econbiz.de/10005423078

Introducing Imperfect Competition in CGE Models: Technical Aspects and Implications

Roson, Roberto - Fondazione ENI Enrico Mattei (FEEM) - 2006

This paper considers the technical aspects and the consequences, in terms of simulation results and policy assessment, of introducing imperfect competition in a CGE model. The modifications to the standard CGE framework needed to model imperfect competition in some industries are briefly...

Persistent link: https://www.econbiz.de/10005423158

Climate Change, Energy Demand and Market Power in a General Equilibrium Model of the World Economy

Roson, Roberto; Bosello, Francesco; Cian, Enrica De - Fondazione ENI Enrico Mattei (FEEM) - 2007

Future energy demand will be affected by changes in prices and income, but also by other factors, like temperature levels. This paper draws upon an econometric study, disentangling the contribution of temperature in the determination of the annual regional demand for energy goods. Combining...

Persistent link: https://www.econbiz.de/10005392560

Marginal Cost Versus Average Cost Pricing with Climatic Shocks in Senegal: A Dynamic Computable General Equilibrium Model Applied to Water

Briand, Anne - Fondazione ENI Enrico Mattei (FEEM) - 2006

The model simulates on a 20-year horizon, a first phase of increase in the water resource availability taking into account the supply policies by the Senegalese government and a second phase with hydrologic deficits due to demand evolution (demographic growth). The results show that marginal...

Persistent link: https://www.econbiz.de/10005570250

Investment in Hospital Care Technology under Different Purchasing Rules: A Real Option Approach

Moretto, Michele; Levaggi, Rosella - Fondazione ENI Enrico Mattei (FEEM) - 2004

In this article, we analyse the optimal investment decision in a new health care technology of a representative hospital that maximises its surplus in an uncertain environment. The new technology allows the hospital to increase the quality level of the care provided, but the investment is...

Persistent link: https://www.econbiz.de/10005423171

Quality and Investment Decisions in Hospital Care when Physicians are Devoted Workers

Moretto, Michele; Levaggi, Rosella; Rebba, Vincenzo - Fondazione ENI Enrico Mattei (FEEM) - 2005

This paper analyses the decision to invest in quality by a hospital in an environment where doctors are devoted workers, i.e. they care for specific aspects of the output they produce. We assume that quality is the result of both an investment in new technology and the effort of the medical...

Persistent link: https://www.econbiz.de/10005570255

Environmental Regulationand the Eco-Industry

Sinclair-Desgagné, Bernard; David, Maia - Fondazione ENI Enrico Mattei (FEEM) - 2005

This paper re-examines environmental regulation, under the assumption that pollution abatement technologies and services are provided by an imperfectly competitive environment industry. It is shown that each regulatory instrument (emission taxes and quotas; design standards; and voluntary...

Persistent link: https://www.econbiz.de/10005423050

The Pigouvian Tax Rule in the Presence of an Eco-Industry

Sinclair-Desgagné, Bernard; Nimubona, Alain-Désiré - Fondazione ENI Enrico Mattei (FEEM) - 2005

Pollution abatement goods and services are now largely being delivered by a specialized “eco-industry.” This note reconsiders Pigouvian taxes in this context. We find that the optimal emission tax will depart from the marginal social cost of pollution according to the polluters’ and the...

Persistent link: https://www.econbiz.de/10005423076

Asymmetric Labor Markets, Southern Wages, and the Location of Firms

Naghavi, Alireza - Fondazione ENI Enrico Mattei (FEEM) - 2005

This paper studies the behavior of firms towards weak labor rights in developing countries (South). A less than perfectly elastic labor supply in the South gives firms oligopsonistic power tempting them to strategically reduce output to cut wages. In an open economy, competitors operating in...

Persistent link: https://www.econbiz.de/10005423077