Showing 1 - 10 of 4,313
The stock market influences some of the most fundamental economic decisions of investors, such as consumption, saving, and labor supply, through the financial wealth channel. This pa-per provides evidence that daily fluctuations in the stock market have important - and hitherto neglected -...
Persistent link: https://www.econbiz.de/10011888614
In unavoidable traffic accidents, autonomous vehicles (AVs) face the dilemma of protecting either the passenger(s) or third parties. Recent studies show that most people prefer AVs following a utilitarian approach by minimizing total harm. At the same time, however, they would adopt an AV only...
Persistent link: https://www.econbiz.de/10013285505
effects of public transit strikes on urban populations in Germany. Due to higher traffic volumes and longer travel times …
Persistent link: https://www.econbiz.de/10010509598
This paper analyzes cordon tolling using a simple model where space is discrete rather than continuous, with commuting costs incurred only on two congested bridges. The first-best regime requires tolls on both bridges, whereas only the inner bridge is tolled under the cordon-toll regime. While...
Persistent link: https://www.econbiz.de/10010383240
We study the impact on road safety of one-day massive speed limit monitoring operations (SLMO) accompanied by media campaigns that announce the SLMO and provide information on the dangers of speeding. Using register data on the universe of police reported accidents in a generalized...
Persistent link: https://www.econbiz.de/10012156382
We analyze the impact of indirect network effects in the deployment of zero emission vehicles in a static partial equilibrium model. In most theoretical analysis direct and indirect effects are conflated, and relatively few authors have explicitly considered indirect network effects. We also...
Persistent link: https://www.econbiz.de/10011845282
What factors determine whether it is optimal with one or more technologies in a decarbonized road transport sector, and what policies should governments choose? We investigate these questions theoretically and numerically through a static, partial equilibrium model for the road transport market....
Persistent link: https://www.econbiz.de/10012219356
-insurance demand. An unanticipated tax reform in 2000 halved the tax exemption limit for capital income in Germany. We document that …
Persistent link: https://www.econbiz.de/10003966524
use the separation of Germany into the communist GDR and the democratic FRG and its reunification in 1990 as a natural … experiment. Relying on household data that are representative for Germany, our empirical results strongly indicate that … conspicuous consumption is relatively more important in East Germany. Importantly, a significant gap in conspicuous consumption …
Persistent link: https://www.econbiz.de/10009621765
We construct a two sector general equilibrium model in which one sector produces a homogeneous good and the other sector produces a vertically differentiated good. We demonstrate that uniform (across sectors) and (Hicks) neutral technological change can cause an increase in the skill premium.
Persistent link: https://www.econbiz.de/10009781659