Showing 1 - 10 of 1,952
In the U.S. real estate market, around 30 percent of listed properties remain unsold. We examine whether unsold property listings exert externalities in the housing market. Our study builds on a comprehensive dataset that encompasses residential property listings in Orange County (California)...
Persistent link: https://www.econbiz.de/10014242006
We consider positive and normative aspects of subsidizing work arrangements where subsidies are paid in time of low demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases labor demand. Tightening eligibility to short-time work...
Persistent link: https://www.econbiz.de/10012892292
domestic and foreign production of other goods. The optimal tax-subsidy scheme is based on an intuitive principle: Impose a …. Producers of renewables-based electricity should receive a subsidy to internalize their contribution to the reduction of global …
Persistent link: https://www.econbiz.de/10012859989
-and-capacity markets that allows us to predict the price and resource mix effects of subsidies, as well as to understand their welfare …-best outcomes. We also show there exists a range of subsidy rates that are welfare-enhancing when greenhouse gas externalities are …
Persistent link: https://www.econbiz.de/10013234520
We study the spatial misallocation resulting from subsidies for residential solar panels in the US and quantify the associated environmental costs. We build a structural model of solar panel demand and electricity production across the country and estimate the model by combining 1) remotely...
Persistent link: https://www.econbiz.de/10014348184
We estimate the causal effects of a pandemic-era wage subsidy program in Canada on job losses and business closures … changes in the wage subsidy rate. The estimated net wage elasticity of employment was 0.11, implying a small aggregate … employment effect of the program and an estimated fiscal cost per job saved of nearly $200,000 per year. Subsidy payments caused …
Persistent link: https://www.econbiz.de/10014262746
-shot hiring subsidy targeted at low-educated unemployed youths during the Great Recession recovery in Belgium. The subsidy …
Persistent link: https://www.econbiz.de/10014244086
single latent factor greatly improves our ability to explain asset price movements around announcements …
Persistent link: https://www.econbiz.de/10012908673
We develop an asset-pricing model with endogenous corporate policies that explains how inflation jointly impacts real asset prices and corporate default risk. Our model includes two empirically grounded nominal frictions: fixed nominal coupons and sticky profitability. Taken together, these two...
Persistent link: https://www.econbiz.de/10012892192
This paper investigates the role of the frequency of price overreactions in the cryptocurrency market in the case of … Bitcoin price movements (H1) and (ii) exhibits seasonality (H2). On the whole, the results suggest that it can provide useful … information to predict price dynamics in the cryptocurrency market and for designing trading strategies (H1 cannot be rejected …
Persistent link: https://www.econbiz.de/10012892294