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Firing Tax vs. Severance Payment - An Unequal Comparison

Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2010

. Persistently increasing those costs, reduces the welfare in the model economy but increases employment. The reason for the …

Persistent link: https://www.econbiz.de/10008466437

On the effects of factor mobility on local infrastructure policy and rent-seeking

Lorz, Jens Oliver - Institut für Weltwirtschaft (IfW) - 1998

This paper deals with the influence of factor mobility on local infrastructure policy and rent-seeking activities of local interest groups. It employs a model where households differ with respect to their endowment with the immobile factor land. Local governments decide about the level of...

Persistent link: https://www.econbiz.de/10009276704

Corruption and Political Competition

Damania, Richard; Yalcýn, Erkan - Institut für Weltwirtschaft (IfW) - 2008

There is a growing evidence that political corruption is often closely associated with the rent seeking activities of … groups and the incidence of political corruption and determines whether electoral competition can eliminate political … corruption. We obtain some striking results. Greater electoral competition serves to lessen policy distortions. However, this in …

Persistent link: https://www.econbiz.de/10005083388

Institutional change in search of the market: The case of Slovenia

Glismann, Hans H.; Horn, Ernst-Jürgen; Stanovnik, Peter - Institut für Weltwirtschaft (IfW) - 1995

Six main characteristics of an economic order are discussed and empirically evaluated for the case of Slovenia. All of them pertain to the institutional setting ab urbe condita; they comprise the legal and jurisdictional situation, the role of private property, the institutionalised strive at...

Persistent link: https://www.econbiz.de/10009276462

Environmental taxes in the long run

Vetter, Henrik - Institut für Weltwirtschaft (IfW) - 2013

The efficiency of the Pigouvian tax suggests that price-based regulation is the proper benchmark for efficient regulation. However, results due to Carlton and Loury (1980, 1986) question this; when harm depends on scale effects a pure Pigou tax is inefficient regulation in the long run. In this...

Persistent link: https://www.econbiz.de/10010956141

Measuring Real Value and Inflation

Hillinger, Claude - Institut für Weltwirtschaft (IfW) - 2008

The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do basically the same thing : to separate a change in nominal value into a ?real part? due to the changes in quantities and...

Persistent link: https://www.econbiz.de/10005083401

The social cost of carbon on an optimal balanced growth path

Kögel, Tomas - Institut für Weltwirtschaft (IfW) - 2011

This paper derives analytically the growth rate of the social cost of carbon (SSC) on an optimal balanced growth path. More specifically, the paper examines a deterministic Ramsey model of optimal economic growth with carbon emissions. In this model, restrictions on technology and preferences...

Persistent link: https://www.econbiz.de/10009294880

Measuring the Benefit-Cost Ratio of Public IPM Technology Transfer Programs: An Optimal Control Framework and an Application to Nepalese Agriculture

Wiebelt, Manfred - Institut für Weltwirtschaft (IfW) - 2000

Despite favourable ecological and economic results, many developing countries have not yet adopted an integrated pesticide management (IPM). Given rising marginal costs and diminishing marginal benefits from IPM technology transfer, an optimal control framework is used to identify optimal rates...

Persistent link: https://www.econbiz.de/10005700590

The rate of change of the social cost of carbon and the social planner's hotelling rule

Kögel, Tomas - Institut für Weltwirtschaft (IfW) - 2012

This paper derives the social cost of carbon (SCC) and its rate of change. It does so in a deterministic Ramsey model of optimal economic growth with carbon emissions from burning fossil fuels. It is shown that the determinants of the rate of change of the SCC are substantially almost identical...

Persistent link: https://www.econbiz.de/10010983177

Yes, we should discount the far-distant future at its lowest possible rate: a resolution of the Weitzman-Gollier puzzle

Freeman, Mark C. - Institut für Weltwirtschaft (IfW) - 2009

In this paper the author proves that the Expected Net Future Value (ENFV) criterion can lead a risk neutral social planner to reject projects that increase expected utility. By contrast, the Expected Net Present Value (ENPV) rule correctly identifies the economic value of the project. While the...

Persistent link: https://www.econbiz.de/10008561126