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Status Effects, Public Goods Provision, and the Excess Burden
Wendner, Ronald; Goulder, Lawrence H. - Volkswirtschaftliche Fakultät, … - 2008
Most studies of the optimal provision of public goods or the excess burden from taxation assume that individual utility is independent of other individuals' consumption. This paper investigates public good provision and excess burden in a model that allows for interdependence in consumption in...
Persistent link: https://www.econbiz.de/10005837192
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Interacting nominal and real labour market rigidities
Vogel, Lukas - Volkswirtschaftliche Fakultät, … - 2008
This note analyses the interaction between nominal wage stickiness and costly employment adjustment in a small closed-economy New Keynesian model with simple rule-based or optimal monetary policy. The results show (1) the costs of nominal and real rigidity to depend on the policy regime, (2)...
Persistent link: https://www.econbiz.de/10008560067
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Taxing Externalities under Financing Constraints
Hoffmann, Florian; Inderst, Roman; Moslener, Ulf - Volkswirtschaftliche Fakultät, … - 2013
We consider an economy where production generates externalities, which can be reduced by additional firm level …-à-vis outside investors. Policy is constrained as firms are privately informed about their marginal cost of avoiding externalities …
Persistent link: https://www.econbiz.de/10011108991
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Problems of market adjustments to occupational safety and health hazards
Chichilnisky, Graciela - Volkswirtschaftliche Fakultät, … - 1978
community near the workplace and society as a whole; and also externalities in the production of OSH and of OSH information … such as efficiency and distribution. Section IV studies market imperfections: market adjustments with imperfect information … lack of perfect mobility of workers; OSH externalities such as spillover effects of OSH on the families of workers, the …
Persistent link: https://www.econbiz.de/10005623320
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Policy and Product Differentiations Encourage the International Transfer of Environmental Technologies
Hattori, Keisuke - Volkswirtschaftliche Fakultät, … - 2007
This paper investigates the welfare effects of international transfers of environmental technologies in open economies with international oligopoly and transboundary pollution, and shows that policy differentiation between the donor and recipient countries and/or product differentiation between...
Persistent link: https://www.econbiz.de/10005837075
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Endogenous Timing in Strategic Environmental Policymaking
Hattori, Keisuke; Kitamura, Takahiro - Volkswirtschaftliche Fakultät, … - 2011
In this paper, we endogenize the timing of policymaking in a simple two-country model of strategic environmental policy. We consider a timing game in which two policymakers non-cooperatively decide their preferred sequence of moves before setting emission tax rates. We show that whether the...
Persistent link: https://www.econbiz.de/10008855246
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Natural disasters in a two-sector model of endogenous growth
Ikefuji, Masako; Horii, Ryo - Volkswirtschaftliche Fakultät, … - 2012
Using an endogenous growth model with physical and human capital accumulation, this paper considers the sustainability of economic growth when the use of a polluting input (e.g., fossil fuels) intensifies the risk of capital destruction through natural disasters. We find that growth is...
Persistent link: https://www.econbiz.de/10011109423
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Optimal Environmental Policy under Monopolistic Provision of Clean Technologies
Hattori, Keisuke - Volkswirtschaftliche Fakultät, … - 2011
In this paper, we characterize optimal environmental policy in a case where innovation in clean production technologies is developed and provided by a monopoly. Two policy instruments are considered: an emission tax on downstream polluting firms and an R& D subsidy for an upstream innovator in...
Persistent link: https://www.econbiz.de/10008839194
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Identifying an Australian 'Shadow' Benefit / Cost Ratio for Public Projects
Lawrence, C - Volkswirtschaftliche Fakultät, … - 2009
This paper examines the social opportunity cost of a hypothetical public project in Australia and compares these values with the cost of the project as measured by factor prices. Since 2001, the Australian taxation system has included an ad valorem tax, the Goods and Services Tax, however...
Persistent link: https://www.econbiz.de/10005835919
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The Inconsistency Puzzle Resolved: an Omitted Variable
Arefiev, Nikolay - Volkswirtschaftliche Fakultät, … - 2008
We find that the contemporary version of the dynamic Ramsey problem omits one important variable that we take into consideration in this paper. The effect of introducing of this variable into the analysis of dynamic inconsistency is similar to that of introducing expected inflation into the...
Persistent link: https://www.econbiz.de/10005836298