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Inequality-minimization with a given public budget
König, Johannes; Schröder, Carsten - 2016
We solve the problem of a social planner who seeks to minimize inequality via transfers with a fixed public budget in a distribution of exogenously given incomes. The appropriate solution method depends on the objective function: If it is convex, as in the case of the absolute mean deviation, it...
Persistent link: https://www.econbiz.de/10011513031
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Pricing carbon in a multi-sector economy with social discounting
Kalsbach, Oliver; Rausch, Sebastian - 2021
Economists tend to view a uniform emissions price as the most cost-effective approach to reducing greenhouse gas emissions. This paper offers a different view, focusing on economies where society values the well-being of future generations more than private actors. Employing analytical and...
Persistent link: https://www.econbiz.de/10012596760
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Public procurement as an innovation policy : where do we stand?
Chiappinelli, Olga; Giuffrida, Leonardo M.; Spagnolo, … - 2023
Economics and innovation scholars have long recognized the potential of public procurement to trigger innovation. To …? This paper addresses these issues by providing a literature survey of research on public procurement of innovation (PPI …: i) Does PPI spur innovation? ii) How should PPI be designed to best spur innovation? iii) What are the main barriers to …
Persistent link: https://www.econbiz.de/10013499115
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Optimal monetary policy using reinforcement learning
Hinterlang, Natascha; Tänzer, Alina - 2021
This paper introduces a reinforcement learning based approach to compute optimal interest rate reaction functions in …
Persistent link: https://www.econbiz.de/10012792732
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Consumer search and firm strategy with multi-attribute products
2024
; this generates a search rule that accounts for learning systematically. In this search environment, a multiproduct seller …
Persistent link: https://www.econbiz.de/10014566747
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Local economic impacts of wind power deployment in Denmark
Gavard, Claire; Göbel, Jonas; Schoch, Niklas - 2022 - This version: October 21, 2022
An argument sometimes used to support renewable energy is that it may contribute to job creation. On the other hand, these technologies often face local opposition. On the case of Denmark, the country with the longest experience with wind power, the authors examine whether the installation of...
Persistent link: https://www.econbiz.de/10013460360
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Trading under market impact : crossing networks interacting with dealer markets
Bielagk, Jana; Horst, Ulrich; Moreno-Bromberg, Santiago - 2017
We use a model with agency frictions to analyze the structure of a dealer market that faces competition from a crossing network. Traders are privately informed about their types (e.g. their portfolios), which is something the dealer must take into account when engaging his counterparties....
Persistent link: https://www.econbiz.de/10011705180
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Wages and productivity growth in a dynamic oligopoly
Bester, Helmut; Milliou, Chrysovalantou; Petrakēs, … - 2009
This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output … incentives for innovation at subsequent dates. Over time the industry equilibrium approaches a steady state. The paper … characterizes the evolution of the industry's innovation behavior and its market structure on the adjustment path. -- innovation …
Persistent link: https://www.econbiz.de/10003942451
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Environmental preferences and technological choices : is market competition clean or dirty?
Aghion, Philippe; Bénabou, Roland; Martin, Ralf; … - 2020
Persistent link: https://www.econbiz.de/10012196983
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Learning through period and physical time
Backhaus, Teresa; Huck, Steffen; Leutgeb, Johannes Josef; … - 2022
periods of varying length that full accounts of subjects' learning requires the consideration of, both, 'period time' and …
Persistent link: https://www.econbiz.de/10013326949