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Atomistic Congestion Tolls at Concentrated Airports : Seeking a Unified View in the Internalization Debate

Brueckner, Jan K. - 2007

The goal of this paper is to bring some unity to the theoretical side of the debate on internalization of airport congestion by showing that all the literature's theoretical results can be derived within one simple and unified framework. The analysis starts by replicating the results of...

Persistent link: https://www.econbiz.de/10012776625

Slot-Based Approaches to Airport Congestion Management

Brueckner, Jan K. - 2008

This paper analyzes slot-based approaches to management of airport congestion, using a model where airlines are asymmetric and internalize airport congestion. Under these circumstances, optimal congestion tolls differ across carriers, and since a slot-sale regime (with its uniform slot price)...

Persistent link: https://www.econbiz.de/10012771860

Convenient Flight Connections vs. Airport Congestion - Modeling the 'Rolling Hub'

Brueckner, Jan K. - 2015

This paper provides the first analysis of the trade-off between convenient flight connections and airport congestion. A continuous spatial model illustrates this trade-off in a framework where a small gap between flight operating times raises congestion while also shortening a connecting...

Persistent link: https://www.econbiz.de/10013014357

Reactivity in Economic Science

Frey, Bruno S. - 2017

There is a fundamental difference between the natural and the social sciences due to reactivity. This difference remains even in the age of Artificially Intelligent Learning Machines and Big Data. Many academic economists take it as a matter of course that economics should become a natural...

Persistent link: https://www.econbiz.de/10012949113

General Equilibrium with Contracts

Kwon, Suehyun - 2017

This paper studies general equilibrium when workers in the economy are also consumers of final goods. Once a firm and a worker are matched, there is a standard moral hazard problem. However, the firm's profit depends on the price of the good the worker produces, and the price is determined by...

Persistent link: https://www.econbiz.de/10012964063

The Political Economy of Mitigation and Adaptation

Habla, Wolfgang - 2016

In this paper, we acknowledge that the mitigation of and adaptation to climate change have differential fiscal impacts. Whereas mitigation typically raises fiscal revenues, adaptation is costly to the taxpayer and to a greater extent the more distortionary the tax system is. In an OLG model with...

Persistent link: https://www.econbiz.de/10012997332

What Marx Means Today

Sinn, Hans-Werner - 2017

Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand … and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises …

Persistent link: https://www.econbiz.de/10012954595

Household Models : An Historical Perspective

Apps, Patricia F.; Rees, Ray - 2021

the earlier contributions, and using them to place the current state of the theory in perspective. One of its aims is to …

Persistent link: https://www.econbiz.de/10013316648

Implementation of Communication Equilibria by Correlated Cheap Talk : The Two-Player Case

Vida, Peter - 2011

We show that essentially every communication equilibrium of any finite Bayesian game with two players can be implemented as a strategic form correlated equilibrium of an extended game, in which before choosing actions as in the Bayesian game, the players engage in a possibly infinitely long (but...

Persistent link: https://www.econbiz.de/10013128960

Ageing, Government Budgets, Retirement, and Growth

Gonzalez-Eiras, Martín - 2011

We analyze the short and long run effects of demographic ageing - increased longevity and reduced fertility - on per-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital deepening, and indirect effects, working through...

Persistent link: https://www.econbiz.de/10013129861

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