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Would Global Patent Protection Be Too Weak Without International Coordination?

Lai, Edwin L.-C. - 2011

This paper analyzes the setting of national patent policies in the global economy. In the standard model with free trade and social-welfare-maximizing governments à la Grossman and Lai (2004), cross-border positive policy externalities induce individual countries to select patent strengths that...

Persistent link: https://www.econbiz.de/10013122389

Tipping versus Cooperating to Supply a Public Good

Barrett, Scott - 2015

In some important multi-player situations, such as efforts to supply a global public good, players can choose the game they want to play. In this paper we conduct an experimental test of the decision to choose between a “tipping” game, in which every player wants to contribute to the public...

Persistent link: https://www.econbiz.de/10013024669

Identity-Driven Cooperation Versus Competition

Snower, Dennis J. - 2016

This paper seeks to extend the domain of identity economics by exploring motivational foundations of in-group cooperation and out-group competition. On this basis, we explore the reflexive interaction between individual economic decisions and social identities in response to technological change...

Persistent link: https://www.econbiz.de/10012996263

Conditional Cooperation and the Effect of Punishment

Kirchkamp, Oliver - 2018

We study how punishment influences conditional cooperation. We ask two questions: 1) how does conditional cooperation change if a subject can be punished and 2) how does conditional cooperation change if a subject has the power to punish others. In particular, we disentangle the decision to be a...

Persistent link: https://www.econbiz.de/10012912687

The Ex Ante Incentive Compatible Core in Exchange Economies With and Without Indivisibilities

Forges, Francoise - 2021

The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a … incentive compatible core can be empty, even if utility functions are quasi-linear. If, in addition to quasi-linearity, further … assumptions are made (like independent private values), the non-emptiness of the core follows nevertheless from d'Aspremont and …

Persistent link: https://www.econbiz.de/10013317636

Six Distributional Effects of Environmental Policy

Fullerton, Don - 2011

While prior literature has identified various effects of environmental policy, this note uses the example of a proposed carbon permit system to illustrate and discuss six different types of distributional effects: (1) higher prices of carbon-intensive products, (2) changes in relative returns to...

Persistent link: https://www.econbiz.de/10013131355

The Carbon-Budget Approach to Climate Stabilization : Cost-Effective Subglobal Versus Global Action

Eichner, Thomas - 2010

Scientific expertise suggests that mitigating extreme world-wide climate change damages requires avoiding increases in the world mean temperature exceeding 2° Celsius. To achieve the two degree target, the cumulated global emissions must not exceed some limit, the so-called global carbon...

Persistent link: https://www.econbiz.de/10013136281

Risk Premia in General Equilibrium

Posch, Olaf - 2010

This paper shows that non-linearities imposed by a neoclassical production function alone can generate time-varying and asymmetric risk premia over the business cycle. These (empirical) key features become relevant, and asset market implications improve substantially when we allow for...

Persistent link: https://www.econbiz.de/10013139866

Why Foreign Ownership May Be Good for You

Egger, Hartmut - 2011

We develop a general equilibrium two-country model with heterogeneous producers and rent sharing at the firm level due to fairness preferences of workers. We identify two sources of a multinational wage premium. On the one hand, there is a pure composition effect because multinational firms are...

Persistent link: https://www.econbiz.de/10013118502

Public Providers, Versus Private Providers, of Public Goods : A General Equilibrium Study of the Role of the State

Economides, George - 2011

This paper studies the difference between public production and public finance of public goods in a dynamic general equilibrium setup. By public finance, we mean that the public good is produced by private providers with the government financing their costs. When the model is calibrated to match...

Persistent link: https://www.econbiz.de/10013123836

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