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Pareto improvement through unilateral matching of public good contributions : the role of commitment
Buchholz, Wolfgang; Cornes, Richard; Peters, Wolfgang; … - 2014
When providing public goods through voluntary contributions, a donor may introduce unilateral matching in order to … reduce underprovision of the public good and thus inefficiency. By itself, however, matching benefits the donor but harms the …
Persistent link: https://www.econbiz.de/10010371914
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Matching as a cure for underprovision of voluntary public good supply : analysis and an example
Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk T. G. - 2011
Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner … results by a simple numerical example. -- public goods ; matching ; Pareto optimality …
Persistent link: https://www.econbiz.de/10009011305
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Potentially harmful international cooperation on global public good provision
Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk T. G. - 2012
-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome undersupply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyse their effect …
Persistent link: https://www.econbiz.de/10009570868
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Does indirect tax harmonization deliver pareto improvements in the presence of global public goods?
Karakosta, Ourania; Kotsogiannēs, Chrēstos; … - 2009
This paper identifies conditions under which, starting from any tax distorting equilibrium, destination- and origin-based indirect tax-harmonizing reforms are potentially Pareto improving in the presence of global public goods. The first condition (unrequited transfers between governments)...
Persistent link: https://www.econbiz.de/10003850162
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Optimal taxation with rent-seeking
Rothschild, Casey G.; Scheuer, Florian - 2014
We develop a framework for optimal taxation when agents can earn their income both in traditional activities, where private and social products coincide, and in rent-seeking activities, where private returns exceed social returns either because they involve the capture of pre-existing rents or...
Persistent link: https://www.econbiz.de/10010434130
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Economic land use, ecosystem services and microfounded species dynamics
Eichner, Thomas; Pethig, Rüdiger - 2004
In an integrated economy-ecosystem model humans choose their land use and leave the residual land as habitat for three species forming a food chain. The size of habitat determines the diversity and abundance of species. That biodiversity generates, in turn, a flow of ecosystem services with...
Persistent link: https://www.econbiz.de/10011450672
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Image concerns and the political economy of publicly provided private goods
König, Tobias; Lausen, Tobias; Wagener, Andreas - 2017
Governments often provide their citizens with goods and services that are also supplied in markets: education, housing, nutritional assistance, etc. We analyze the political economy of the public provision of private goods when individuals care about their social image. We show that image...
Persistent link: https://www.econbiz.de/10011597168
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Pareto improving climate policies : distributing the benefits across generations and regions
Hoel, Michael; Kittelsen, Sverre A. C.; Kverndokk, Snorre - 2015
Most studies show that the present generation has to take the burden and reduce consumption to mitigate future climate change. However, significant climate change is due to a market failure, and corrections of market failures give possibilities of Pareto improvements. In this paper, we study the...
Persistent link: https://www.econbiz.de/10011309590
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Efficiency in family bargaining : living arrangements and caregiving decisions of adult children and disabled elderly parents
Pezzin, Liliana E. (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003495642
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Money illusion and coordination failure
Fehr, Ernst; Tyran, Jean-Robert - 2004
Economists long considered money illusion to be largely irrelevant. Here we show, however, that money illusion has powerful effects on equilibrium selection. If we represent payoffs in nominal terms, choices converge to the Pareto inefficient equilibrium; however, if we lift the veil of money by...
Persistent link: https://www.econbiz.de/10011402620