Similar Search Results

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

Endogenous Growth, The Distribution of Wealth, and Optimal Policy Under Incomplete Markets and Idiosyncratic Risk

Clemens, Christiane - 2012

This paper combines the standard incomplete markets model of uninsurable idiosyncratic risks and borrowing constraints with the Arrow/Romer approach to endogenous growth to analyze the interaction of risk, growth, and inequality, the latter also endogenously determined in equilibrium. We derive...

Persistent link: https://www.econbiz.de/10013105141

The Relationship between Economic Preferences and Psychological Personality Measures

Becker, Anke - 2012

experiments and representative samples and find only low degrees of association between economic preferences and personality. We … different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological … concepts of personality - such as the Big Five and locus of control - are related. We analyze data from incentivized laboratory …

Persistent link: https://www.econbiz.de/10013107552

Monitoring Job Search Effort with Hyperbolic Time Preferences and Non-Compliance : A Welfare Analysis

Cockx, Bart - 2013

Unemployment Insurance (UI) scheme in which job search requirements are imposed on UI recipients with hyperbolic preferences. We …

Persistent link: https://www.econbiz.de/10013083261

Migration, Capital Formation, and House Prices

Grossmann, Volker - 2013

We investigate the effects of interregional labor market integration in a two-sector, overlapping-generations model with land-intensive production in the non-tradable goods sector (housing). To capture the response to migration on housing supply, capital formation is endogenous, assuming that...

Persistent link: https://www.econbiz.de/10013085282

Human Ethics and Virtues : Rethinking the Homo-Economicus Model

Dhami, Sanjit - 2018

The neoclassical model in economics envisages humans as amoral and self-regarding (Econs). This model, also known as the homo-economicus model, is not consistent with the empirical evidence. In light of the evidence, the continued use of the homo-economicus model is baffling. It also stymies...

Persistent link: https://www.econbiz.de/10012926548

Firms and Collective Reputation : A Study of the Volkswagen Emissions Scandal

Bachmann, Rüdiger - 2019

This paper uses the 2015 Volkswagen emissions scandal as a natural experiment to provide causal evidence that group reputation externalities matter for firms. We find that the Volkswagen scandal reduced the U.S. sales of the other German auto manufacturers—BMW, Mercedes- Benz, and Smart—by...

Persistent link: https://www.econbiz.de/10012900000

Social Security Systems, Human Capital, and Growth in a Small Open Economy

Kaganovich, Michael - 2008

We consider a small open economy in which the level of public education funding is determined by popular vote. We show that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls short of the interest rate. The reason is that the...

Persistent link: https://www.econbiz.de/10012768260

Closed-Form Integrated Assessment and Uncertainty

Traeger, Christian P. - 2015

A revised version of this paper can be found at: 'http://ssrn.com/abstract=2667972' http://ssrn.com/abstract=2667972The paper derives the optimal carbon tax in closed-form from an integrated assessment of climate change. The formula shows how carbon, temperature, and economic dynamics quantify...

Persistent link: https://www.econbiz.de/10013017724

Generous Sustainability

Gerlagh, Reyer - 2014

I define “generous sustainability” as a combination of two conditions: neither instantaneous maximin income nor attainable maximin income should decrease over time. I provide a formal definition and study applications to an AK economy, a Ramsey economy, and a Climate Economy. Generosity is...

Persistent link: https://www.econbiz.de/10013040484