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Escaping epidemics through migration? : quarantine measures under asymmetric information about infection risk
Mesnard, Alice; Seabright, Paul - 2008
Persistent link: https://www.econbiz.de/10003640557
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Do market failures create a "durability gap" in the circular economy?
Fullerton, Don; He, Shan - 2021
gap". Then policies targeting durability raise welfare. While externalities are corrected by Pigovian taxes that ignore …
Persistent link: https://www.econbiz.de/10012597021
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Recurrent infection and externalities in prevention
Toxvaerd, Falvio - 2010
Persistent link: https://www.econbiz.de/10008780424
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Welfare implications of public education spending rules
Angelopoulos, Konstantinos; Malley, James R.; … - 2008
this end, we employ a dynamic stochastic general equilibrium model in which human capital externalities and public … imperfection due to human capital externalities. We also expose the economy to varying degrees of uncertainty via changes in the …
Persistent link: https://www.econbiz.de/10003806000
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Foreign entry and spillovers with technological incompatibilities in the supply chain
Carluccio, Juan; Fally, Thibault - 2010
Persistent link: https://www.econbiz.de/10003994571
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Endogenous public information and welfare
Vives, Xavier - 2011
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10009153832
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Endogenous public information and welfare
Vives, Xavier - 2011
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10009259934
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Risk taking, limited liability and the competition of bank regulators
Sinn, Hans-Werner - 2001
Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank to undercapitalise and finance overly risky business projects. To counter this market failure, national governments have imposed solvency constraints on banks. However, these...
Persistent link: https://www.econbiz.de/10011400902
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International credit flows and pecuniary externalities
Brunnermeier, Markus Konrad; Sannikov, Yuliy - 2015
externalities. First, an undercapitalized country borrows too much since each firm does not internalize that an increase in …
Persistent link: https://www.econbiz.de/10010474855
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International credit flows and pecuniary externalities
Brunnermeier, Markus Konrad; Sannikov, Yuliy - 2015
Persistent link: https://www.econbiz.de/10010482967