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Optimal taxation of robots
Thuemmel, Uwe - 2018
complement non-routine labor. I show that while it is optimal to distort robot adoption, robots may be either taxed or subsidized …. The robot tax exploits general-equilibrium effects to compress the wage distribution. Wage compression reduces income …-tax distortions of labor supply, thereby raising welfare. In the calibrated model, the optimal robot tax for the US is positive and …
Persistent link: https://www.econbiz.de/10011926330
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Heterogeneous effects of a nonlinear price schedule for outpatient care
Farbmacher, Helmut; Ihle, Peter; Schubert, Ingrid; … - 2013
Theoretical considerations suggest that nonlinear health care price schedules have heterogeneous effects on health care demand. In this paper, we develop and apply a finite mixture bivariate probit model to analyze whether there are heterogeneous reactions to the introduction of a nonlinear...
Persistent link: https://www.econbiz.de/10010212657
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Airline schedule buffers and flight delays : a discrete model
Brueckner, Jan K.; Czerny, Achim Ingo; Gaggero, Alberto A. - 2020 - Version of August, 2020
This paper revisits the airline schedule-buffer choice problem analyzed by Brueckner, Czerny and Gaggero (2020) using a simpler model where the random shocks influencing flight times are discrete rather than continuous. The analysis yields closed-form solutions for the flight and ground buffers...
Persistent link: https://www.econbiz.de/10012270584
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Prices, schedules, and passenger welfare in multi-service transportation systems
Billette de Villemeur, Étienne; Vinella, Annalisa - 2019
We consider a multi-service transportation system in which passengers are heterogeneous along two dimensions, namely ideal departure time and value of time, leading to both horizontal and vertical differentiation. We investigate the behavior of passengers, and assess how service pricing and...
Persistent link: https://www.econbiz.de/10012103986
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Airline mitigation of propagated delays : theory and empirics on the choice of schedule buffers
Brueckner, Jan K.; Czerny, Achim Ingo; Gaggero, Alberto A. - 2019
This paper presents an extensive theoretical and empirical analysis of the choice of schedule buffers by airlines. With airline delays a continuing problem around the world, such an undertaking is valuable, and its lessons extend to other passenger transportation sectors. One useful lesson from...
Persistent link: https://www.econbiz.de/10012110214
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Industry structure and pricing over the business cycle
Spiegel, Yossi; Stahl, Konrad - 2014
We consider the interaction between an incumbent firm and a potential entrant, and examine how this interaction is affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and price-cost margins, although the average price in the market can be countercyclical if the...
Persistent link: https://www.econbiz.de/10010367376
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Animal spirits and the international transmission of business cycles : presented at CESifo Area Conference on Macro, Money & International Finance, February 2016
De Grauwe, Paul; Ji, Yuemei - 2016
It is well-known that the high synchronization of the business cycles among industrial countries cannot easily be replicated in standard open economy macroeconomic models without assuming that the exogenous shocks hitting these countries are highly correlated. We develop a two-country behavioral...
Persistent link: https://www.econbiz.de/10011444133
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Dispersed information and the origins of aggregate fluctuations
Grazzini, Jakob; Massaro, Domenico - 2016
In the presence of dispersed information, agents may decide to take into account the actions of other agents because of the possible additional information conveyed by these actions. We call the act of using other agents' actions in the individual decision process social learning. This paper...
Persistent link: https://www.econbiz.de/10011489440
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The optimal distribution of the tax burden over the business cycle
Angelopoulos, Konstantinos; Asimakopoulos, Stylianos; … - 2013
This paper analyses optimal income taxes over the business cycle under a balanced-budget restriction, for low, middle and high income households. A model incorporating capital-skill complementarity in production and differential access to capital and labour markets is de-veloped to capture the...
Persistent link: https://www.econbiz.de/10010210127
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Firm expectations and economic activity
Enders, Zeno; Hünnekes, Franziska; Müller, Gernot J. - 2019
We assess how survey expectations impact production and pricing decisions on the basis of a large panel of German firms. We identify the causal effect of expectations by matching firms with the same fundamentals but different views about the future. The probability to raise (lower) production is...
Persistent link: https://www.econbiz.de/10012001909