Using a Mortensen-Pissarides search-and-matching framework, this paper investigates the importance of search frictions in determining the welfare and distributional effects of tax reforms that re-allocate the tax burden from capital to labour income. Calibrating the model to the UK economy, we...

In this paper, we develop heterogeneous agent models with equilibrium unemployment to study the optimal taxation and labour wedge. We find that the the presence of profits plays an important role in the determination of both optimal tax policy and labour wedge. Judd-Chamley optimal zero capital...

This paper evaluates the effects of policy interventions on sectoral labour markets and the aggregate economy in a business cycle model with search and matching frictions. We extend the canonical model by including capital-skill complementarity in production, labour markets with skilled and...

We extend the canonical model of search and matching frictions by including capital-skill complementarity in production, labour markets with skilled and unskilled workers and on-the-job-learning (OJL) within and across skill types. These extensions capture key characteristics of skilled and...

Purpose: The purpose of this paper is to analyze wind characteristics and their effects on wind turbine components and energy generation at the candidate site. Design/methodology/approach: The methodology covered the detailed investigation of wind characteristics using Weibullkandcparameters...

Purpose: The purpose of this paper is to assess the wind resource and energy potential of the Sanghar site for minimizing the dependence on fossil fuels and improving the environment. Design/methodology/approach: The Sanghar site wind shear coefficient and turbulence intensity factor are...

Purpose: The purpose of this paper is to investigate wind power potential of site using wind speed, wind direction and other meteorological data including temperature and air density collected over a period of one year. Design/methodology/approach: The site-specific air density, wind shear,...

Purpose: The rapid rising of renewable energy sources particularly wind energy cannot be ignored. The numerical increase in wind energy farms throughout the world is the best example. The purpose of this paper is to assess the basic question of whether wind characteristics affect the...

This paper formally analyzes the biases related to self-reporting in hedge fund databases by matching the quarterly equity holdings of a complete list of 13F-filing hedge fund companies to the union of five major commercial databases of self-reporting hedge funds between 1980 and 2008. We find...

This paper studies the confidential holdings of institutional investors, especially hedge funds, where the quarter-end equity holdings are disclosed with a delay through amendments to the Form 13F and are usually excluded from the standard databases. Evidence supports private information as the...