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Macroeconomic consequences of distributional conflicts
Schäfer, Andreas; Steger, Thomas M. - 2007
This paper aims at better understanding the inefficiency due to distributional conflicts, which are inherent in every market economy. To this end, we set up a simple general equilibrium model with the following characteristics: two groups of agents (capitalists and workers), an endogenous income...
Persistent link: https://www.econbiz.de/10010264137
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Fueling growth when oil peaks: Directed technological change and the limits to efficiency
André, Francisco J.; Smulders, Sjak - 2012
While fossil energy dependency has declined and energy supply has grown in the postwar world economy, future resource scarcity could cast its shadow on world economic growth soon if energy markets are forward looking. We develop an endogenous growth model that reconciles the current aggregate...
Persistent link: https://www.econbiz.de/10010289359
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Optimum taxation of life annuities
Brunner, Johann K.; Pech, Susanne - 2006
The market for private life annuities is characterised by adverse selection, that is, contracts offer lower than fair payoffs to individuals with low life expectancy. Moreover, life expectancy and income have been found to be positively correlated. The paper shows that a linear tax on annuity...
Persistent link: https://www.econbiz.de/10010261401
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Redistribution and occupational choice in a Schumpeterian growth model
Garcίa-Peñalosa, Cecilia; Wen, Jean-François - 2004
labour induced by taxation can offset the direct distributive impact of taxes and result in a Pareto improvement. Optimal tax …
Persistent link: https://www.econbiz.de/10010273729
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Optimal taxation of human capital and the earnings function
Jacobs, Bas; Bovenberg, Ary Lans - 2008
and ability in the earnings function. With linear taxes, education should also feature a constant elasticity in a weakly …
Persistent link: https://www.econbiz.de/10010272743
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Climate Change Expectations and Endogenous Economic Growth in the Dice Model
Ciesielski, Anna - 2019
This paper studies the investment based growth rate effects of climate change. The analysis is based on the Integrated Assessment Model DICE by Nordhaus (2008). I depart from the original model, in that endogenous investments into a knowledge stock drive economic growth. Due to a negative...
Persistent link: https://www.econbiz.de/10012865176
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Demographic Change and Climate Change
Rauscher, Michael - 2019
The paper uses a continuous-time overlapping-generations model with endogenous growth and pollution accumulation over time to study the link between longevity and global warming. It is seen that increasing longevity accelerates climate change in a business-as-usual scenario without climate...
Persistent link: https://www.econbiz.de/10012866368
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Can a Ban on Child Labour Be Self-Enforcing, and Would It Be Efficient?
Cigno, Alessandro - 2024
Basu and Van (1998) show that a ban on child labour may be self-enforcing under the extreme assumption that, above the subsistence level, no amount of consumption can compensate parents for the disutility of child labour. We show that a partial ban may be self-enforcing also in a more general...
Persistent link: https://www.econbiz.de/10014534362
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The Competitive Effects of Declining Entry Costs over Time: Evidence from the Static Random Access Memory Market
Liu, An-Hsiang; Siebert, Ralph - 2020
We focus on the estimation of market entry costs that are declining over time and evaluate their impact on competition and market performance. We employ a dynamic oligopoly model in which firms make entry, exit, and production decisions in the presence of declining entry costs and learning by...
Persistent link: https://www.econbiz.de/10012314839
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The politician and his banker
Hainz, Christa; Hakenes, Hendrik - 2007
their creditworthiness and compare different types of subsidies with indirect subsidization through public banks. We find … that, in a large parameter range, the politician prefers public banks to direct subsidies because they avoid windfall gains … subsidies. One important prerequisite for this result is that public banks must not be allowed to fully compete with private …
Persistent link: https://www.econbiz.de/10010264253