Showing 1 - 10 of 101
The objective of this paper is to critically assess the use of simple rules for the social cost of carbon (SCC) that employ a rudimentary form of the Ramsey Rule. Two interrelated caveats apply. First, if climate change poses a serious problem, it is hard to justify an exogenous constant growth...
Persistent link: https://www.econbiz.de/10012892228
to fight the disease. However, high vaccine prices enforced through patent protection are limiting vaccine expansion …, particularly in low- and middle-income countries. By limiting market power, patent buyouts could reduce vaccine prices and raise … HPV vaccination rates while keeping innovation incentives. We estimate the global patent buyout price as the present …
Persistent link: https://www.econbiz.de/10012825394
patent application. The analysis is based on patent data from the Norwegian Industrial Property Office merged with data from … for confounding factors. The first patent application by a young firm is associated with significant growth in employment … three years ahead of the first patent application. However, we find no evidence of additional firm growth after patent …
Persistent link: https://www.econbiz.de/10014077007
Encouraging inventors to disclose new inventions is an important economic justification for the patent system, yet the … technical information contained in patent applications is often inadequate and unclear. This paper proposes a novel approach to … measure disclosure in patent applications using algorithms from computation allinguistics. Borrowing methods from the …
Persistent link: https://www.econbiz.de/10013315298
One of the key questions in the study of regulation is whether the costs of regulatory compliance fall homogeneously on all businesses or whether certain firms, for instance small ones, are especially penalized. We quantify firms’ compliance costs in terms of their labor spending to adhere to...
Persistent link: https://www.econbiz.de/10014345692
Building on the epidemiological SIR model we present an economic model with heterogeneous individuals deriving utility from social contacts creating infection risks. Focusing on social distancing of individuals susceptible to an infection we theoretically analyze the gap between private and...
Persistent link: https://www.econbiz.de/10012831656
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
Persistent link: https://www.econbiz.de/10012870643
We study how the differential timing of local lockdowns due to COVID-19 causally affects households' spending and macroeconomic expectations at the local level using several waves of a customized survey with more than 10,000 respondents. About 50% of survey participants report income and wealth...
Persistent link: https://www.econbiz.de/10012833731
In 2011, Thailand experienced its worst flood ever. Using repeated waves of the Thai Household Survey, we analyse the flood's economic impacts. In 2012, households answered a set of questions on the extent of flooding they experienced. We use this self-identified flood exposure, and external...
Persistent link: https://www.econbiz.de/10012866402
We estimate the marginal external congestion cost of motor-vehicle travel for Rome, Italy, using a methodology that accounts for hypercongestion (a situation where congestion decreases a road’s throughput). We show that the external cost – even when roads are not hypercongested...
Persistent link: https://www.econbiz.de/10012867018