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Eggert, Wolfgang; Weichenrieder, Alfons J. - 2004

Deposit systems for one-way beverage containers are widely supported by green activists and have been implemented in several countries. This paper analyzes whether such deposit systems can optimally internalize the externalities that result when consumers dump these containers. It is shown that...

Persistent link: https://www.econbiz.de/10011450185

Simulation and estimation of hedonic models

Heckman, James J. - 2003

Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and...

Persistent link: https://www.econbiz.de/10011509388

Gravity, distance, and international trade

Baier, Scott L.; Kerr, Amanda; Yotov, Yoto V. - 2017

We review and interpret the main theoretical developments in the gravity literature from its very early, a-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity equations. We finish with a presentation and...

Persistent link: https://www.econbiz.de/10011611143

Supply chain reliability and international economic growth : impacts of disruptions like COVID-19

Goel, Rajeev K.; Saunoris, James W.; Goel, Srishti S. - 2020

importance, formal research on the contribution of supply chain logistics, including the relative impacts across different … logistics dimensions, is less. The importance of supply chains has been recently been brought to the forefront in the wake of … examine the relative effects of the different aspects of supply chain logistics on economic growth. Placing the empirical …

Persistent link: https://www.econbiz.de/10012219347

Simulating with RICE coalitionally stable burden sharing agreements for the climate change problem

Eyckmans, Johan; Tulkens, Henry - 1999

In this paper we test empirically with the Nordhaus and Yang (1996) RICE model the core property of the transfer scheme adv ocated by Germain, Toint and Tulkens (1997). This scheme is designed to sustain full cooperation in a voluntary international environmental agreement by making all...

Persistent link: https://www.econbiz.de/10009781723

Theory and practice of GVAR modeling

Chudik, Alexander; Pesaran, M. Hashem - 2014

The Global Vector Autoregressive (GVAR) approach has proven to be a very useful approach to analyze interactions in the global macroeconomy and other data networks where both the cross-section and the time dimensions are large. This paper surveys the latest developments in the GVAR modeling,...

Persistent link: https://www.econbiz.de/10010354717

Dynamics of capital accumulation in the US : simulations after Piketty

De Donder, Philippe; Roemer, John E. - 2015

We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is not a life-cycle model. A competitive firm produces a...

Persistent link: https://www.econbiz.de/10010515458

A spatial Cliff-ord-type model with heteroskedastic innovations : small and large sample results

Arraiz, Irani; Drukker, David M.; Kelejian, Harry H.; … - 2008

In this paper we specify a linear Cliff and Ord-type spatial model. The model allows for spatial lags in the dependent variable, the exogenous variables, and disturbances. The innovations in the disturbance process are assumed to be heteroskedastic with an unknown form. We formulate a multi-step...

Persistent link: https://www.econbiz.de/10003792846

Inter- and intra-generational consequences of pension buffer policy under demographic, financial and economic shocks

Bucciol, Alessandro; Beetsma, Roel - 2009

We study numerically the inter- and intra-generational welfare consequences of alternative pension fund policies in response to unexpected demographic, financial and macro-economic shocks. Our analysis is based on an applied many-generation OLG model describing a small-open economy with...

Persistent link: https://www.econbiz.de/10003883861

Theoretical and practical arguments for modeling labor supply as a choice among latent jobs

Dagsvik, John K.; Jia, Zhiyang; Kornstad, Tom; … - 2012

paper we argue that practicality is not the only feature that can be addressed by means of stochastic choice theory. This … theory also offers a powerful framework for developing a more realistic model for labor supply choices, founded on …

Persistent link: https://www.econbiz.de/10009488981

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