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This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply …
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Climate protection should use environmental policy instruments that raise revenues, which can be used, for instance, to cut labour taxes to alleviate unemployment in economies suffering from high and persistent unemployment. This paper elaborates the possibilities of an employment dividend of...
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Previous empirical investigations provide evidence of substantial regional variation in the supply elasticity of … regulatory supply constraints, city level population, population density, and geographic constraints. This paper studies … indicating that the supply elasticity is largely a local phenomenon, i.e., dependent mainly on city specific factors rather than …
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This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian agricultural sector. We distinguish between positive and negative rainfall shocks and explicitly consider their spatial dimension (local/regional). We find that particularly negative...
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