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A Life-Cycle Analysis of French Household Electricity Demand
Bélaïd, Fateh; Rault, Christophe; Massié, Camille - 2021
This paper develops a pseudo-panel approach to examine household electricity demand behaviour through the household … evidence that the income elasticity of French residential electricity demand is 0.22, averaged over our four cohorts of … electricity consumption follows an inverted U-shaped distribution as a function of the age of the household's head. Most notably …
Persistent link: https://www.econbiz.de/10013250745
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Unraveling Firms: Demand, Productivity and Markups Heterogeneity
Forlani, Emanuele; Martin, Ralf; Mion, Giordano; Muls, … - 2016
We develop a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups … that are implicit in previous firm-level productivity estimation approaches. We use Belgian firms production data to … quantify TFP, demand and markups and show how they are correlated among them, across time and with measures obtained from other …
Persistent link: https://www.econbiz.de/10011431264
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Trade Liberalization and Environmental Taxation in Federal Systems
Fredriksson, Per G.; Matschke, Xenia - 2014
The literature on trade liberalization and environment has not considered federal structures. This paper shows how the design of environmental policy in a federal system has implications for the effects of trade reform. Trade liberalization leads to a decline in pollution taxes regardless of...
Persistent link: https://www.econbiz.de/10010352399
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Should Income Inequality be Praised? Multiple Public Goods Provision, Income Distribution and Social Welfare
Itaya, Jun-ichi; Mizushima, Atsue - 2016
We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a single pure public good model. In contrast, we show that...
Persistent link: https://www.econbiz.de/10011584914
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Optimal Redistributive Wealth Taxation When Wealth Is More Than Just Capital
Franks, Max; Edenhofer, Ottmar - 2020
We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find very different welfare implications of land rent-, bequest- and capital taxation. It is mainly land rents that should be taxed. We develop an overlapping generations model with...
Persistent link: https://www.econbiz.de/10012179892
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Optimal Lockdown and Social Welfare
Pestieau, Pierre; Ponthiere, Grégory - 2020
This paper reexamines the design of the optimal lockdown strategy by paying attention to its robustness to the postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social criterion can, under some conditions, imply a COVID-19...
Persistent link: https://www.econbiz.de/10012425600
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Tax Competition with Two Tax Instruments - and Tax Evasion
Becker, Johannes; Wilson, John D. - 2021
We consider a world in which countries apply optimal taxes on mobile capital and savings (like in Bucovetsky and Wilson, 1991). Firms and savers may underreport income in order to avoid or evade taxation. We show that, even in the presence of underreporting, the equilibrium under tax competition...
Persistent link: https://www.econbiz.de/10012658024
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Horizontal Merger under Strategic Tax Policy
Liu, Chih-Chen; Mukherjee, Arijit; Wang, Leonard F.S. - 2014
We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the situation with no tax policy. Thus, we point towards a new factor, viz., strategic tax policy, for increasing the incentive for a horizontal merger that has been ignored in the...
Persistent link: https://www.econbiz.de/10010420704
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The Optimal Graduated Minimum Wage and Social Welfare
Danziger, Eliav; Danziger, Leif - 2018
welfare by increasing the low-productivity workers’ consumption and bringing it closer to the first-best. The paper also … government’s revenue needs, the social-welfare weight of low-productivity workers, and the numbers and productivities of the …
Persistent link: https://www.econbiz.de/10011815836
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Free Neighborhood Choice Boosts Socially Optimal Outcomes in Stag-Hunt Coordination Problem
Riedl, Arno; Rohde, Ingrid M. T.; Strobel, Martin - 2021
Situations where independent agents need to align their activities to achieve individually and socially beneficial outcomes are abundant, reaching from everyday situations like fixing a time for a meeting to global problems like climate change agreements. Often such situations can be described...
Persistent link: https://www.econbiz.de/10012582075