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Banking Permits : Economic Efficiency and Distributional Effects
Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele - 2021
equilibrium interest rate. Most importantly, this paper analyses the efficiency and distributional consequences of allowing …
Persistent link: https://www.econbiz.de/10013316607
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Climate Policy Enhances Efficiency : A Macroeconomic Portfolio Effect
Siegmeier, Jan - 2015
Carbon pricing regulates emission flows and collects rents from underlying fossil resource stocks. The resulting investment shift implies lower climate policy costs and improved welfare if capital is underaccumulated. We prove that under emission trading, such a beneficial macroeconomic...
Persistent link: https://www.econbiz.de/10013029498
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Endogeneous Matching in University-Industry Collaboration : Theory and Empirical Evidence from the UK
Banal-Estañol, Albert; Macho-Stadler, Ines; … - 2021
We develop a two-sided matching model to analyze collaboration between heterogeneous academics and firms. We predict a positive assortative matching in terms of both scientific ability and affinity for type of research, but negative assortative in terms of ability on one side and affinity in the...
Persistent link: https://www.econbiz.de/10013315734
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International Cooperation on Climate-Friendly Technologies
Golombek, Rolf; Hoel, Michael - 2021
We examine international cooperation on technological development as a supplement to, or an alternative to, international cooperation on emission reductions. R&D should be increased beyond the non-cooperative level if (i) the technology level in one country is positively affected by R&D in other...
Persistent link: https://www.econbiz.de/10013316360
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Innovation Network
Acemoglu, Daron - 2016
Technological progress builds upon itself, with the expansion of invention in one domain propelling future work in linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its strength. Past innovation network structures are...
Persistent link: https://www.econbiz.de/10012977470
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Even Small Trade Costs Restore Efficiency in Tax Competition
Becker, Johannes - 2010
We introduce transport cost of trade in products into the classical Zodrow and Mieszkowski (1986) model of capital tax competition. It turns out that even small levels of transport cost lead to a complete breakdown of the seminal result, the underprovision of public goods. Instead, there is a...
Persistent link: https://www.econbiz.de/10013136648
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Illiquidity and Under-Valuation of Firms
Gale, Douglas M. - 2012
restore the efficiency of equilibria …
Persistent link: https://www.econbiz.de/10013116475
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Efficiency and Environment Impacts of Electricity Restructuring on Coal-Fired Power Plants
Chan, H. Ron - 2013
We investigate the impacts of electricity market restructuring on fuel efficiency, utilization and, new to this area … without. Our analysis finds that restructuring led to: (1) a two percent improvement in fuel efficiency for IOs, (2) a ten …
Persistent link: https://www.econbiz.de/10013084009
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Upstream Horizontal Mergers and Efficiency Gains
Milliou, Chrysovalantou - 2009
We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … efficiency gains can overcome its anti-competitive effects in terms of welfare, we show that when firms merge usually both of the …
Persistent link: https://www.econbiz.de/10013157197
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Efficiency Enhancing Taxation in Two-Sided Markets
Kind, Hans Jarle - 2008
This paper examines the efficient provision of goods in two-sided markets and characterizes optimal specific and ad-valorem taxes. We show that (i) a monopoly may have too high output compared to the social optimum; (ii) output may be reduced by imposing negative value-added taxes (subsidy) or...
Persistent link: https://www.econbiz.de/10012772273