Showing 1 - 10 of 48
In this paper we argue that authorities aid cooperation by means of direct coordination or the enforcement of re-commitment devices such as contract laws.Credible threats of violence allow this role. In a local interaction model, an authority forms if mutually connected individuals with...
Persistent link: https://www.econbiz.de/10005136860
We assess the monetary value of the noise damage, caused by aircraft noise nuisance around Amsterdam Airport, as the sum of hedonic house price differentials and a residual cost component. The residual costs are assessed from a survey, including an ordinal life satisfaction scale, on which...
Persistent link: https://www.econbiz.de/10005137235
This paper analyses the adoption of energy-efficiency enhancing technologies by heterogeneous firms. The fact that energy use does not only cause external environmental costs through pollution, but also directly affects the profitability of the firm and hence its behaviour on input and output...
Persistent link: https://www.econbiz.de/10005450770
Several surveys on intra-industry dynamics have recently reached the conclusion from a large body of evidence that … obtained for a large sample of Dutch firms in the hospitality industry - we examine whether the assumption that growth rates … are independent of firm size can be rejected for the services, as it has been for manufacturing, also in the case of Italy …
Persistent link: https://www.econbiz.de/10005137253
One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...
Persistent link: https://www.econbiz.de/10005144455
Public action to prevent crime is often driven by concerns about public safety. But what generates those concerns ? ]s it crime, or something else ? Using survey data for Brazil, we find that the desire for greater public safety has a positive own-income effect, but a negative neighborhood-...
Persistent link: https://www.econbiz.de/10005136941
Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...
Persistent link: https://www.econbiz.de/10005136956
In this paper we investigate experimentally the functioning of a wage tax financed unemployment benefit system on the development of the budget deficit, unemployment, and some other indicators of economic performance in an international economy. We find support for the hypothesis that...
Persistent link: https://www.econbiz.de/10005450715
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10005209482
Persistent link: https://www.econbiz.de/10005209533