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Haskel, Jonathan; Wolf, Holger C. - CESifo - 2001

We use retail transaction prices for a multinational retailer to examine the extent and permanence of violations of the law of one price (LOOP). For identical products, we find typical deviations of twenty to fifty percent, though there is muted evidence for convergence over time. Such...

Persistent link: https://www.econbiz.de/10005181286

Is Medicines Parallel Trade 'Regulatory Arbitrage'?

Costa-Font, Joan - 2015

medicines conflicts with traditional sources of arbitrage (e.g., price and income differences) and instead is a form of … ‘regulatory arbitrage' that does not produce equivalent welfare effects. We draw upon a unique dataset that contains records of … regulation, and not by price differences in line with the hypothesis of ‘regulatory arbitrage' …

Persistent link: https://www.econbiz.de/10013028783

Regulatory Arbitrage and the Efficiency of Banking Regulation

Boyer, Pierre C. - 2016

caused by regulatory arbitrage on the capacity of regulators to use several regulatory instruments …

Persistent link: https://www.econbiz.de/10012991941

Demographic Change and Regional Labour Markets: The Case of Eastern Germany

Henschel, Beate; Pohl, Carsten; Thum, Marcel - CESifo - 2008

Demographic change will be one of the most challenging issues for industrialized economies in the decades to come. In this paper, we focus on the impact of demographic change on labour markets. By setting up a stylized model of a regional labour market, we are able to analyze the interaction of...

Persistent link: https://www.econbiz.de/10005405965

Optimal Redistributive Tax and Education Policies in General Equilibrium

Jacobs, Bas - CESifo - 2007

Should a redistributive government optimally subsidize education to provoke a reduction in the skill premium through general equilibrium effects on wages? To answer this question, this paper studies optimal linear and non-linear redistributive income taxes and education subsidies in two-type...

Persistent link: https://www.econbiz.de/10005406088

Subsidizing Extra Jobs: Promoting Employment by Taming the Unions

Knabe, Andreas; Schöb, Ronnie - CESifo - 2007

We study the subsidization of extra jobs in a general equilibrium framework. While the previous literature focuses on symmetric marginal employment subsidies where firms are rewarded when they increase employment but punished when they reduce their workforce, we consider an asymmetric scheme...

Persistent link: https://www.econbiz.de/10005406277

Trade Retaliation in a Monetary-Trade Model

Whalley, John; Yu, Jun; Zhang, Shunming - CESifo - 2009

We explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes places geographically across countries and through time via financial intermediation. In such models deficits and surpluses in goods trade are endogenously determined, and...

Persistent link: https://www.econbiz.de/10005416485

International Capital Markets, Oil Producers and the Green Paradox

Meijden, Gerard C. van der; Ploeg, Frederick Van der; … - CESifo - 2014

A rapidly rising carbon tax leads to faster extraction of fossil fuels and accelerates global warming. We analyze how general equilibrium effects operating through the international capital market affect this Green Paradox. In a two-region, two-period world with identical homothetic preferences...

Persistent link: https://www.econbiz.de/10011264741

A Theory of Income Taxation under Multidimensional Skill Heterogeneity

Rothschild, Casey; Scheuer, Florian - CESifo - 2015

We develop a unifying framework for optimal income taxation in multi-activity economies with general production technologies. Agents are characterized by an N-dimensional skill vector that captures intrinsic abilities in N activities. The private return to each activity depends on individual...

Persistent link: https://www.econbiz.de/10011122685

Households, Markets and Public Choice

Gersbach, Hans; Haller, Hans - CESifo - 2014

We develop a model that combines competitive exchange of private commodities across endogenously formed groups with public good provision and global collective decisions. There is a tension between local and global collective decisions. In particular, we show that group formation and collective...

Persistent link: https://www.econbiz.de/10010889986