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Discounting and Welfare Analysis Over Time : Choosing the à3B7
Buchholz, Wolfgang; Schumacher, Jan - 2021
Based on the Ramsey equation and an ethically motivated rejection of pure utility time discount, the Stern Review on the Economics of Climate Change concentrates on the use of the elasticity of marginal utility η in the intergenerational social welfare function. We support this position by...
Persistent link: https://www.econbiz.de/10013316572
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The International Organization of Production in the Regulatory Void
Herkenhoff, Philipp - 2020
international outsourcing and most strongly so for sourcing from low-regulation countries. Motivated by these findings, we introduce …
Persistent link: https://www.econbiz.de/10012852396
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The Quantification of Structural Reforms : Extending the Framework to Emerging Market Economies
Égert, Balázs - 2018
. More competition-friendly regulations, as measured by the OECDs' Product Market Regulation (PMR) indicator improve economic … businesses boost the capital stock and the employment rate. No robust link between labour market regulation and MFP and capital … deepening could be established. But looser labour market regulation is found to go hand in hand with higher employment rates …
Persistent link: https://www.econbiz.de/10012920765
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The Effects of Size-Based Regulation on Small Firms : Evidence from VAT Threshold
Harju, Jarkko - 2016
There is only limited evidence of how small firms respond to size-based regulations applied in various countries. We study this question by examining the value-added tax (VAT) threshold in Finland. We find sizable bunching of firms in the sales distribution just below the exemption threshold,...
Persistent link: https://www.econbiz.de/10012979534
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Powering Up Developing Countries Through Integration?
Auriol, Emmanuelle - 2012
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10013104162
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Emissions Taxes and Abatement Regulation under Uncertainty
Christiansen, Vidar - 2013
We consider environmental regulation in a context where firms invest in abatement technology under conditions of …
Persistent link: https://www.econbiz.de/10013086398
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The Engine Immobilizer : A Non-Starter for Car Thieves
van Ours, Jan C. - 2013
precaution. Regulation made application of the electronic engine immobilizer, a simple and low-cost anti-theft device, mandatory … for all new cars sold within the European Union as of 1998. We exploit the regulation as source of exogenous variation in …
Persistent link: https://www.econbiz.de/10013086983
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The Impact of Market Regulations on Intra-European Real Exchange Rates
Bénassy-Quéré, Agnès - 2013
We study the contribution of market regulations in the dynamics of the real exchange rate within the European Union. Based on a model proposed by De Gregorio et al. (1994a), we show that both product market regulations in nontradable sectors and employment protection tend to inflate the real...
Persistent link: https://www.econbiz.de/10013087275
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Learning Abatement Costs : On the Dynamics of Optimal Regulation of Experience Goods
Hintermann, Beat - 2013
consumption options and show how optimal regulation evolves over time. In our base setting where social and private learning …
Persistent link: https://www.econbiz.de/10013088224
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Strategic Complementarity, Fragility, and Regulation
Vives, Xavier - 2013
The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...
Persistent link: https://www.econbiz.de/10013092690