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Petersberger Erklärung : Anstöße für eine zukunftsgerichtete Arbeitsmarktpolitik

Zimmermann, Klaus F.; Burda, Michael C.; Hagen, Jürgen von - 1998

In this paper six authors propose guidelines for German labor market policy, to overcome current discouragement and lead to a new balance of social security and individual competetiveness. Crucial aspects in this regard should be a reformed tax system based on excise instead of income taxes, and...

Persistent link: https://www.econbiz.de/10011294519

The Wage-Productivity Hypothesis : its Economic Consequences and Policy Implications

Stiglitz, Joseph E. - 2021

the wages they receive. In particular, we show that this hypothesis may explain the high urban wages and unemployment … control urbaxv'rural migration, but could control wages and urban employment, it would, in general, set wages and employment … into accounce, both In the determination of shadow wages to be used in cost benefit analysis and In the analysisis of the …

Persistent link: https://www.econbiz.de/10013226192

Outsourcing in a Global Economy

Grossman, Gene M.; Helpman, Elhanan - 2021

We study the determinants of the location of sub-contracted activity in a general equilibrium model of outsourcing and trade. We model outsourcing as an activity that requires search for a partner and relationship-specific investments that are governed by incomplete contracts. The extent of...

Persistent link: https://www.econbiz.de/10013229051

Union strategy and optimal income taxation

Kessing, Sebastian (contributor); Konrad, Kai A. (contributor) - 2005

Restrictions on work hours are more important in countries with a large welfare state. We show that this empirical observation is consistent with the strategic effects of such restrictions in a welfare state in the context of optimal direct taxation in the tradition of Mirrlees (1971). Our...

Persistent link: https://www.econbiz.de/10002706037

Growth and Welfare in a Small Open Economy

Grossman, Gene M. - 2010

We construct a model of growth based on endogenous technological change in a small, open economy. Entrepreneurs develop new intermediate products whenever the present value of potential profits exceeds the cost of R&D. Diversity of intermediates contributes to total factor productivity in the...

Persistent link: https://www.econbiz.de/10013139328

Income Distribution, Product Quality, and International Trade

Fajgelbaum, Pablo D. - 2009

We develop a framework for studying trade in vertically and horizontally differentiated products. In our model, consumers with heterogeneous incomes and tastes purchase a homogeneous good as well as making a discrete choice of quality and variety of a differentiated product. The distribution of...

Persistent link: https://www.econbiz.de/10013156428

Mandatory Versus Voluntary Disclosure of Product Risks

Polinsky, A. Mitchell - 2007

We analyze a model in which firms are able to acquire information about product risks and may or may not be required to disclose this information. We initially study the effect of disclosure rules assuming that firms are not liable for the harm caused by their products. Although mandatory...

Persistent link: https://www.econbiz.de/10012778097

Minimum Asset Requirements

Shavell, Steven - 2021

Requirements that parties have assets of at least a minimum level in order to participate in an activity are frequently imposed. A principal rationale for minimum asset requirements is considered in this article potential injurers have stronger incentives to prevent harm, or not to engage in...

Persistent link: https://www.econbiz.de/10013220778

The Welfare Economics of Moral Hazard

Arnott, Richard J.; Stiglitz, Joseph E. - 2022

This paper shows that, except in certain limiting cases, competitive equilibrium with moral hazard is constrained inefficient. The first section compares the competitive equilibrium and the constrained social optimum in a fairly general model, and identifies types of market failure. Each of the...

Persistent link: https://www.econbiz.de/10014156811

On the Almost Neutrality of Inflation : Notes on Taxation and the Welfare Costs of Inflation

Stiglitz, Joseph E. - 2021

In this paper I attempt to clarify the nature of the losses associated with inflation within a conventional model of a competitive economy. I shall argue that were inflation fully anticipated, it would be "almost neutral" provided (a) that the tax system were fully indexed and (b) that interest...

Persistent link: https://www.econbiz.de/10013228048

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