Narrow search
Showing 1 - 10 of 1,867
Cover Image
Early retirement and social security : a long term perspective
Conde-Ruiz, Jose Ignacio; Galasso, Vincenzo; Profeta, Paola - 2005
We provide a long-term perspective on the individual retirement behaviour and on the future of retirement. In a Markovian political economic theoretical framework, in which incentives to retire early are embedded, we derive a political equilibrium with positive social security contribution rates...
Persistent link: https://www.econbiz.de/10010272717
Cover Image
Why are Average Hours Worked Lower in Richer Countries?
Bick, Alexander - 2020
Why are average hours worked per adult lower in rich countries than in poor countries? We consider two natural explanations: income effects in preferences, in which leisure becomes more valuable when income rises, and distortionary tax systems, which are more prevalent in richer countries. To...
Persistent link: https://www.econbiz.de/10012834992
Cover Image
Dimensions of Donation Preferences : The Structure of Peer and Income Effects
Drouvelis, Michalis - 2019
Charitable donations provide positive externalities and can potentially be increased with an understanding of donor preferences. We obtain a uniquely comprehensive characterization of donation motives using an experiment that varies treatments between and within subject. Donations are increasing...
Persistent link: https://www.econbiz.de/10012892086
Cover Image
Price Discrimination Bans on Dominant Firms
Bouckaert, Jan; Degryse, Hans; Dijk, Theon van - 2021
Competition authorities and regulatory agencies sometimes impose pricing restrictions on firms with substantial market power - the dominant firms. We analyze the welfare effects of a ban on behaviour-based price discrimination in a two-period setting where the market displays a competitive and a...
Persistent link: https://www.econbiz.de/10013316614
Cover Image
An Equilibrium Theory of Nominal Exchange Rates
Hagedorn, Marcus - 2021
This paper proposes an equilibrium theory of nominal exchange rates, which offers a new perspective on various issues … features of this theory are that the nominal exchange rate is determined in international financial markets, that the risk … from the nominal exchange rate. In terms of policy, this novel theory implies that a country with an exchange rate peg and …
Persistent link: https://www.econbiz.de/10013212261
Cover Image
The ex ante incentive compatible core in exchange economies with and without indivisibilities
Forges, Françoise - 2006
The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a socially designed characteristic function, which expresses the fact that coalitions allocate goods by means of random incentive compatible mechanisms. We first survey some results in...
Persistent link: https://www.econbiz.de/10010273735
Cover Image
Competition for viewers and advertisers in a TV oligopoly
Kind, Hans Jarle; Nilssen, Tore; Sørgard, Lars - 2006
We consider a model of a TV oligopoly where TV channels transmit advertising and viewers dislike such commercials. We show that advertisers make a lower profit the larger the number of TV channels. If TV channels are sufficiently close substitutes, there will be underprovision of advertising...
Persistent link: https://www.econbiz.de/10010264029
Cover Image
Uniform and nonuniform staggering of wage contracts
Danziger, Leif - 2010
This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as well as for the markedly nonuniform staggering in others. In the model, short and long contracts as well as long contracts concluded in different periods are strategic...
Persistent link: https://www.econbiz.de/10010270522
Cover Image
Interaction of carbon reduction and green energy promotion in a small fossil-fuel importing economy
Pethig, Rüdiger; Wittlich, Christian - 2009
We study the incidence of carbon-reduction and green-energy promotion policies in an open fossil-fuel importing general equilibrium economy. The focus is on mixed price-based or quantity-based policies. Instruments directed toward promoting green energy are shown to reduce also carbon emissions...
Persistent link: https://www.econbiz.de/10010276234
Cover Image
Leakage, welfare, and cost-effectiveness of carbon policy
Baylis, Kathy; Fullerton, Don; Karney, Dan - 2013
We extend the model of Fullerton, Karney, and Baylis (2012 working paper) to explore cost-effectiveness of unilateral climate policy in the presence of leakage. We ignore the welfare gain from reducing greenhouse gas emissions and focus on the welfare cost of the emissions tax or permit scheme....
Persistent link: https://www.econbiz.de/10010291558