Showing 1 - 10 of 1,641
of the system, under various institutional arrangements, through the initial allocation of permits …
Persistent link: https://www.econbiz.de/10013136241
In this paper we experimentally investigate whether partial coercion can in combination with conditional cooperation increase contributions to a public good. We are especially interested in the behavior of the non-coerced populations. The main finding is that in our setting conditional...
Persistent link: https://www.econbiz.de/10013120907
inefficiency of a household resource allocation does not however refute the hypothesis that it chooses this resource allocation as … necessary to show that the observed allocation does not represent a second best optimum. For this it will be necessary to show … the allocation does not hold …
Persistent link: https://www.econbiz.de/10012771691
allocation between policy bloc and fringe are both inefficient. When firms buy offsets directly from the fringe and all quotas …. The former (latter) case occurs when free allocation of quotas is not (very) generous, and the offset market is large …
Persistent link: https://www.econbiz.de/10013059018
The growing finance wage premium is related to a modest net reallocation of skilled workers from non-finance sectors into finance in a broad sample of 24 countries over 35 years. The reallocation is higher when the finance wage premium grows faster than the contribution of the financial sector...
Persistent link: https://www.econbiz.de/10012922660
We extend the standard public good provision model to allow players to either like or dislike the public characteristic. Those who dislike it are able to take actions to reduce its level. We present conditions under which the existence of a unique non-cooperative equilibrium is retained, and...
Persistent link: https://www.econbiz.de/10013315892
right to allocate society's resources, and we allow for costly inter-group mobility. The winning group offers an allocation … political strength by attracting opposition members, but such economic exclusion implies lower per capita shares and higher risk …
Persistent link: https://www.econbiz.de/10013315939
In a partial equilibrium setting without price uncertainty, the balanced-budget substitution of an ad valorem tax on output for a specific (unit) tax can enhance welfare in imperfectly competitive markets and is without impact in a competitive world. This paper demonstrates that a substitution...
Persistent link: https://www.econbiz.de/10013130099
-probability extreme events on environmental policy in a continuous-time real options model with “tail risk”. In a nutshell, our results … indicate the importance of tail risk and call for foresighted pre-emptive climate policies …
Persistent link: https://www.econbiz.de/10013139799
ex ante identical households and the no-risk case with heterogeneous abilities come out as special cases …
Persistent link: https://www.econbiz.de/10013117794