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Think locally, act locally : spillovers, spillbacks, and efficient decentralized policymaking

Ogawa, Hikaru (contributor); Wildasin, David E. (contributor) - 2007

Persistent link: https://www.econbiz.de/10003623962

On the private provision of contentious public characteristics

Cornes, Richard; Rübbelke, Dirk T. G. - 2012

We extend the standard public good provision model to allow players to either like or dislike the public characteristic. Those who dislike it are able to take actions to reduce its level. We present conditions under which the existence of a unique noncooperative equilibrium is retained, and...

Persistent link: https://www.econbiz.de/10009571064

Carbon Leakage and capacity-based allocations : is the EU right?

Meunier, Guy; Ponssard, Jean-Pierre; Quirion, Philippe - 2012

based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best … output and capacity based allocation is proved to be the optimal second best policy. The EU scheme for 2013-2020 is discussed …, using cement as a case study. -- cap and trade ; output based allocation ; subsidization of capacity ; climate policy …

Persistent link: https://www.econbiz.de/10009687241

A risk allocation approach to optimal exchange rate policy

Mundaca, B. Gabriela (contributor); Strand, Jon (contributor) - 2004

We derive the optimal exchange rate policy for a small open economy subject to terms-oftrade shocks. Firm owners and workers are risk averse but workers more so. Wages are given or partially indexed in the short run, and capital markets are imperfect. The government sets the exchange rate to...

Persistent link: https://www.econbiz.de/10002524066

Tradable emission permits in a federal system

Verbon, Harrie (contributor); Withagen, Cees (contributor) - 2005

different institutional arrangements, through the initial allocation of permits. …

Persistent link: https://www.econbiz.de/10003109979

Barriers to global capital allocation

Pellegrino, Bruno; Spolaore, Enrico; Wacziarg, Romain - 2021

a situation without barriers. We also find that barriers to global capital allocation contribute significantly to cross …

Persistent link: https://www.econbiz.de/10012514947

Favoritism and firms : micro evidence and macro implications

Asatryan, Zareh; Baskaran, Thushyanthan; Birkholz, Carlo; … - 2022

We study the economic implications of regional favoritism, a form of distributive politics that redistributes resources geographically within countries. Using enterprise surveys from low- and middle-income countries, we document that firms located close to leaders' birthplaces grow substantially...

Persistent link: https://www.econbiz.de/10013255946

Firm heterogeneity, capital misallocation and optimal monetary policy

González, Beatriz; Nuño, Galo; Thaler, Dominik; … - 2021

We analyze monetary policy in a New Keynesian model with heterogeneous firms and financial frictions. Firms differ in their productivity and net worth and face collateral constraints that cause capital misallocation. TFP endogenously depends on the time-varying distribution of firms. Although a...

Persistent link: https://www.econbiz.de/10012697125

A market mechanism for sustainable and efficient resource use under uncertainty

Quaas, Martin F.; Winkler, Ralph - 2017 - This version: June 2017

Sustainability and efficiency are potentially conflicting social objectives in natural resource management. We propose a market mechanism to allocate use rights over a stochastic resource to private managers. The mechanism endogenously determines the maximal tenure length guaranteeing that the...

Persistent link: https://www.econbiz.de/10011663635

Growth and long-run sustainability

Cairns, Robert D.; Martinet, Vincent - 2019

. For any resource allocation mechanism (ram) and economic dynamics, growth is limited by the long-run level of the maximin …

Persistent link: https://www.econbiz.de/10012104003

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