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used US data. We argue that the local nature of the US schooling system means that neighbourhood effects on education … neighbourhood effects in an environment where the level of school funding is independent of neighbourhood composition. We identify …
Persistent link: https://www.econbiz.de/10010884514
Current models of conservation auctions do not permit for the presence of environmental externalities and synergies … environmental externalities. Clearly, our models do not tell the whole story, and they consequently fail to identify waste and … inefficiency in these auctions. Our paper shows how externalities between bidders can be incorporated into our models of …
Persistent link: https://www.econbiz.de/10010745522
We provide empirical evidence on the nature of spatial externalities in a matching model for the UK. We use a monthly …
Persistent link: https://www.econbiz.de/10010745980
This paper is about measuring social well-being and evaluating policy. Part I is concerned with the links between the two, while Parts II and III, respectively, are devoted to the development of appropriate methods of measuring and evaluating. In Part II (Sections 4-7) I identify a minimal set...
Persistent link: https://www.econbiz.de/10010746162
AA substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation. Additional literature is...
Persistent link: https://www.econbiz.de/10011126406
In this paper we have built a model of financial intermediation that explains the GDP variability pattern of an economy during the development process. In our model, per capita is more volatile in the middle-income economies than in both low and high-income economies. We show that, if the model...
Persistent link: https://www.econbiz.de/10011071114
disruptive externalities of mobility are statistically significant, but actually very small in terms of their educational impact …
Persistent link: https://www.econbiz.de/10011071223
This paper provides a review and critical discussion of indicators, which attempt to combine the measurement of sustainability with that of well-being. It starts with some commonly agreed definitions of sustainability, showing how most well-being indicators tell us little if anything at all...
Persistent link: https://www.econbiz.de/10010745092
In this paper we propose a market consistent futures price dynamics model for cap-andtrade schemes, designed in the spirit of the European Union’s Emissions Trading Scheme (EU ETS). Historical price dynamics for the EU ETS suggest that, both, European emission Allowances (EUAs) and Certified...
Persistent link: https://www.econbiz.de/10010745195
This paper analyzes the dynamic incentives for technology adoption under a transferable permits system, which allows for strategic trading on the permit market. Initially, firms can invest both in low-emitting production technologies and trade permits. In the model, technology adoption and...
Persistent link: https://www.econbiz.de/10010745754