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Petchey's (2015) Extension of Oates & Schwab's (1988) Efficiency Result Revisited

Eichner, Thomas - 2017

disposal a capital tax and an environmental standard. Petchey (2015) claims that the efficiency result of Oates and Schwab can … be extended to a large price-influencing jurisdiction. In the present note we show that the concept of Pareto efficiency …

Persistent link: https://www.econbiz.de/10012962602

Illiquidity and Under-Valuation of Firms

Gale, Douglas - 2012

restore the efficiency of equilibria …

Persistent link: https://www.econbiz.de/10013116475

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

Economides, George - 2011

providers cannot beat private providers in terms of aggregate efficiency. We finally design a transfer scheme that can make a …

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

Are User Fees Really Regressive?

Economides, George - 2012

by the Ramsey government not only increases aggregate efficiency, but it also decreases inequality. This result is in …

Persistent link: https://www.econbiz.de/10013103882

Upstream Horizontal Mergers and Efficiency Gains

Milliou, Chrysovalantou - 2009

We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger … can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments … efficiency gains can overcome its anti-competitive effects in terms of welfare, we show that when firms merge usually both of the …

Persistent link: https://www.econbiz.de/10013157197

Internationally Coordinated Emission Permit Policies : An Option for Withdrawers from the Kyoto Protocol?

Friedl, Birgit - 2014

This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in a two-country overlapping generations model with producer carbon emissions. We show that, for a net foreign debtor country, the domestic welfare costs of a unilateral domestic...

Persistent link: https://www.econbiz.de/10013070789

Consumer Standards as a Strategic Device to Mitigate Ratchet Effects in Dynamic Regulation

Fiocco, Raffaele - 2014

Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by mitigating ratchet effects associated with short term contracting. A pure consumer standard alleviates the regulator's myopic temptation to raise output after learning the firm is...

Persistent link: https://www.econbiz.de/10013054025

Complexity, Efficiency, and Fairness of Multi-Product Monopoly Pricing

Miravete, Eugenio J. - 2014

The Pennsylvania Liquor Control Board administers the purchase and sale of wine and spirits and is mandated to charge a uniform 30% markup on all products. We use an estimated discrete choice model of demand for spirits, together with information on wholesale prices, to assess the implications...

Persistent link: https://www.econbiz.de/10013055988

Efficiency Enhancing Taxation in Two-Sided Markets

Kind, Hans Jarle - 2008

This paper examines the efficient provision of goods in two-sided markets and characterizes optimal specific and ad-valorem taxes. We show that (i) a monopoly may have too high output compared to the social optimum; (ii) output may be reduced by imposing negative value-added taxes (subsidy) or...

Persistent link: https://www.econbiz.de/10012772273

Climate Policy Enhances Efficiency : A Macroeconomic Portfolio Effect

Siegmeier, Jan - 2015

Carbon pricing regulates emission flows and collects rents from underlying fossil resource stocks. The resulting investment shift implies lower climate policy costs and improved welfare if capital is underaccumulated. We prove that under emission trading, such a beneficial macroeconomic...

Persistent link: https://www.econbiz.de/10013029498