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This theoretical note examines the usefulness of the Pigouvian tax policy in dealing with negative production externalities and in improving social welfare in a small developing economy. A two-sector, full-employment general equilibrium model with exogenous labour market imperfection is used for...
Persistent link: https://www.econbiz.de/10011212786
This paper applies nonparametric estimators to examine the effect of regional quality of government on the environmental performance in the NUTS 1-regions in France, Germany and the UK. The most comprehensive existing regional measure on governance is used, gauging the partiality, corruption and...
Persistent link: https://www.econbiz.de/10011258406
The environment protection is considered to be a legitimate domain of the national policies in Romania since 1990, when the former Ministry of Environment appeared. Later on, the Environment Security National Strategy had been elaborated, being considered the first official document establishing...
Persistent link: https://www.econbiz.de/10005789969
The paper examines the timing of endogenous wage setting under Bertrand competition in a unionized mixed duopoly. The results are that when the public firm chooses the timing of wage setting: (1) sequential wage setting is the outcome and (2) simultaneous wage setting is the outcome. The first...
Persistent link: https://www.econbiz.de/10008545999
This paper investigates Bertrand competition of unionized mixed duopoly when the public firm is less efficient than the private firm, including endogenous imposition of the budget constraint on the public firm. Thus, we show that if the public firm's inefficiency is sufficiently small, no...
Persistent link: https://www.econbiz.de/10008493606
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
as follows. Given that one of the tax regimes is predetermined, privatization never improves welfare and privatization is … by the government, privatization is preferable from the viewpoint of social welfare if the government heavily emphasizes … government never has the incentive for privatization if the government considers either tax as an option. …
Persistent link: https://www.econbiz.de/10011109745
oligopolies, this study investigates the efficiency of privatization. The results show that (i) regardless of the government …
Persistent link: https://www.econbiz.de/10005260141
This study investigates social welfare and privatization depending on the government's preference for tax revenues and … equilibrium. Moreover, if the government's preference for tax revenues is sufficiently large, the privatization of the public firm … privatization between the public firm and the government. …
Persistent link: https://www.econbiz.de/10005103417
privatization is desirable for local welfare upstream in (h), but it is not always desirable in (f). In both (h) and (f), it is …
Persistent link: https://www.econbiz.de/10008756511