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We develop a framework for the representation of material flows in competitive equilibrium. Material balances track material flows, which adjust endogenously to economic transactions. We assume negative environmental effects of resource extraction and waste deposition and show that taxing...
Persistent link: https://www.econbiz.de/10014528210
Expanding on a general equilibrium model of offshoring, we analyze the effects of a unilateral emissions tax increase on the environment, income, and inequality. Heterogeneous firms allocate labor across production tasks and emissions abatement, while only the most productive can benefit from...
Persistent link: https://www.econbiz.de/10014528215
Countries with ambitious climate targets are concerned about carbon leakage to countries with more lenient or no carbon pricing. A common policy measure against leakage is output-based allocation of emissions allowances, whose effectiveness could be further enhanced by consumption taxes levied...
Persistent link: https://www.econbiz.de/10014528226
Good decision-making requires understanding the causal impact of our actions. Often, we only have access to correlational data that could stem from multiple causal mechanisms with divergent implications for choice. Our experiments comprehensively characterize choice when subjects face...
Persistent link: https://www.econbiz.de/10014529153
Persistent link: https://www.econbiz.de/10014529563
Persistent link: https://www.econbiz.de/10013325816
This paper studies the causal effect of providing information about climate change on individuals' willingness to pay … to offset carbon emissions in a randomized control trial. Receiving truthful information about ways to reduce CO2 … information about the behavior of peers react similarly to those receiving information about scientific research. Indi …
Persistent link: https://www.econbiz.de/10013326470
Although many virtuous leaders are guided by the ideal of prioritizing the need and welfare of their subordinates, others advance their self-interest at the expense of the people they purport to serve. In this article, we discuss the relationship between leadership and the spread of conspiracy...
Persistent link: https://www.econbiz.de/10013380459
We explore the intertwined dynamics of asset prices and the macroeconomy in a Behavioural model of Credit Cycles (BCC) characterized by a credit friction à la Kiyotaki and Moore and heterogeneous expectations cum heuristic switching à la Brock and Hommes. This behavioural approach allows to...
Persistent link: https://www.econbiz.de/10013380476
networks. We propose an "elementary" model for production networks based on random matching and firm heterogeneity and …
Persistent link: https://www.econbiz.de/10013380905