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Friedrich, Silke - 2013

The existing literature has shown that special interest groups can have both growth enhancing and retarding effects on an economy. In either case it is always assumed that the nature of the special interest groups remains constant over time. The hypothesis of this paper is that a dynamic...

Persistent link: https://www.econbiz.de/10009766682

Anti-discrimination legislation and the efficiency-enhancing role of mandatory parental leave

Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2016

We study a setting where anti-discrimination legislation gives rise to adverse selection in the labor market. Firms rely on nonlinear compensation contracts to screen workers who differ in their family/career orientation. This results in a labor market equilibrium where career-oriented workers...

Persistent link: https://www.econbiz.de/10011481360

Incentives to work and performance in the public sector

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2015

productive efficiency, in the public sector. We focus on reforms aiming to establish parity between work conditions in the public …

Persistent link: https://www.econbiz.de/10010477149

Battle for climate and scarcity rents : beyond the linear-quadratic case

Kagan, Mark; Ploeg, Frederick van der; Withagen, Cees - 2014

The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...

Persistent link: https://www.econbiz.de/10010424787

The existence of informationally efficient markets when individuals are rational

Muendler, Marc-Andreas - 2004

A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing asset price - contrary to a wide-held conjecture. Generalizing the common additive signal-return model with CARA utility to the family of distributions with moment generating...

Persistent link: https://www.econbiz.de/10011451345

Tuition fees, as user prices, and private incentives

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2016

This paper studies the aggregate and distributional implications of introducing tuition fees for public education services into a tax system with income and consumption taxes. The setup is a neoclassical growth model where agents differ in capital holdings. We show that the introduction of...

Persistent link: https://www.econbiz.de/10011500172

Evaluating climate policies by the Pareto principle : efficiency when future identities are unobservable

Asheim, Geir B.; Kamaga, Kohei; Zuber, Stéphane - 2022

Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...

Persistent link: https://www.econbiz.de/10012817856

Risk, temptation, and efficiency in the one-shot prisoner's dilemma

Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2021

payoffs on cooperation, focussing on one-shot PD games where efficiency requires mutual cooperation. Following Mengel (2018 … defectors and co-operators respectively, while an index of efficiency captures the gains from cooperation. We conduct two …

Persistent link: https://www.econbiz.de/10012694148

Pampered bureaucracy, political stability, and trade integration

Stroup, Caleb; Zissimos, Benjamin - 2017

in turn inuences its economic efficiency. The environment we explore is one in which a country's lower classes may revolt … economic efficiency. Trade integration alters the relative value of the elite's wealth. This alters the lower classes … determines whether trade integration increases or reduces economic efficiency. The econometric findings support the model's main …

Persistent link: https://www.econbiz.de/10011615513

A theory of trade policy under dictatorship and democratization

Zissimos, Benjamin - 2017

contributions. One is to provide a deeper understanding of the relationship between political institutions and economic efficiency …

Persistent link: https://www.econbiz.de/10011721779