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An Analysis of Peer Effects on Vaccination Behavior Using a Model of Privately Provided Public Goods
Ibuka, Yoko - 2018
Traditional economic models of vaccination behavior simply assume that agents free-ride on the vaccination decisions of … conjectural variation model, to explain how a positive peer effect regarding vaccination behavior arises. We conduct two empirical … studies using Japanese data in these models. The first empirical analysis, using a data set on the vaccination behavior of …
Persistent link: https://www.econbiz.de/10012920121
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Liquidity, Term Spreads and Monetary Policy
Aksoy, Yunus - 2013
We propose a model that delivers endogenous variations in term spreads driven by banks' portfolio decision while facing the risk of maturity transformation. First, we show that fluctuations of the future profitability of banks' portfolios affect their ability to cover for any liquidity needs and...
Persistent link: https://www.econbiz.de/10013089685
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Immunity
Reddy, Karthik; Schularick, Moritz; Skreta, Vasiliki - 2021
Legal provisions that protect politicians from arrest and prosecution exist throughout much of the modern democratic world. Why, and with what effects, do societies choose to place their politicians above the law? We examine the institution of immunity both theoretically and empirically. Our...
Persistent link: https://www.econbiz.de/10013315702
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Social Capital and the Status Externality
Itaya, Jun-ichi - 2018
This paper investigates how the presence of social capital affects the externality arising from status-seeking preference as a parable for inefficient antagonistic behavior. It is assumed that the stock of social capital is accumulating through joint social interaction between rational...
Persistent link: https://www.econbiz.de/10012927000
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Divided Government Versus Incumbency Externality Effect - Quasi-Experimental Evidence on Multiple Voting Decisions
Ade, Florian - 2012
the findings can be related to an incumbency externality effect and to the theory of voter preferences for divided …
Persistent link: https://www.econbiz.de/10013112896
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Ex-Post Redistribution in a Federation : Implications for Corrective Policy
Koethenbuerger, Marko - 2006
This paper analyzes whether changes in the timing of equalizing transfers to state governments necessitate an adjustment in federal corrective policy. According to the existing literature (assuming an ex-ante choice of transfers), the corrective grant is equal to the marginal damage/benefit...
Persistent link: https://www.econbiz.de/10012779700
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Subsidizing National Champions : An Evolutionary Perspective
Aubert, Cecile - 2008
externalities appear along the lifecycle. In a simple model, we show that it may be efficient to subsidize innovative firms in their … early stages or to protect mature firms from competition to appropriate these externalities. However, non …-benevolent politicians may not choose efficient policies. Real-world examples indicate that politicians tend to concentrate on externalities …
Persistent link: https://www.econbiz.de/10012770493
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Two-Way Migration between Similar Countries
Kreickemeier, Udo - 2015
We develop a model to explain two-way migration of high-skilled individuals between countries that are similar in their economic characteristics. High-skilled migration results from the combination of workers whose abilities are private knowledge, and a production technology that gives...
Persistent link: https://www.econbiz.de/10013010487
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Values for Environments with Externalities - The Average Approach
Macho-Stadler, Ines - 2016
We propose the “average approach,” where the worth of a coalition is a weighted average of its worth for different partitions of the players' set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the equal...
Persistent link: https://www.econbiz.de/10012984732
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Externalities in Risky Resource Markets - Optimal Taxes, Leakage and Divestment
Habermacher, Florian - 2016
We consider a global externality of resource use, with the example of greenhouse gas emissions from fossil fuels. A region concerned about climate change may reduce its fuel deposit offer, reduce fuel consumption, and withdraw investments into global fuel extraction. We study leakage rates and...
Persistent link: https://www.econbiz.de/10012992444