Showing 1 - 10 of 2,329
This article examines pollution and environmental mortality in an economy where fertility is endogenous and output is … pollution-induced mortality but also shifts resources to the clean sector. If the dirty sector is more capital intensive, then … expansion of population boosts total pollution, aggravating mortality. …
Persistent link: https://www.econbiz.de/10011596093
governments establish the optimal city size when production processes involve environmental pollution. Our analysis delivers two … key insights. First, if an optimal scheme to regulate environmental pollution is implemented, cities chosen by local … governments are never too large. They are too small if pollution is purely global, but at the optimal size, if pollution is purely …
Persistent link: https://www.econbiz.de/10011803021
implementation of stage 1 and 2 LEZs, which banned the most pollution-intensive vehicles from city centers, significantly reduced PM …
Persistent link: https://www.econbiz.de/10014582278
In an attempt to verify the pollution haven hypothesis, this study investigates the impact of environmental regulations … the host country's environmental regulations. Since the pollution haven's effects indicate moving the polluting production … those countries. This supports the prevalence of the effects of pollution havens. However, before we separate the FDI into …
Persistent link: https://www.econbiz.de/10011704340
We develop a stylized principal-agent model with moral hazard and adverse selection to provide a unified framework for understanding some of the most salient features of the recent physician payment reform in Ontario and its impact on physician behavior. These features include: (1) physicians...
Persistent link: https://www.econbiz.de/10011288527
Severance pay, a fixed-sum payment to workers at job separation, has been the focus of intense policy concern for the last several decades, but much of this concern is unearned. The design of the ideal separation package is outlined and severance pay emerges as a natural component of job...
Persistent link: https://www.econbiz.de/10010195446
and in combination, introduce potentially serious contracting concerns. Economic theory provides a practical guide to the …
Persistent link: https://www.econbiz.de/10011455569
Unemployment insurance replacement rates world-wide are well below 100 percent, a fact often attributed to search moral hazard concerns. As Blanchard and Tirole (2008) have illustrated, however, neither search nor layoff moral hazard (firing cost) distortions need arise in first-best insurance...
Persistent link: https://www.econbiz.de/10011455570
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
Persistent link: https://www.econbiz.de/10011449662
The issue of whether unemployment benefits should increase or decrease over the unemployment spell is analyzed in a tractable model allowing moral hazard, adverse selection and hidden saving. Analytical results show that when the search productivity of unemployed is constant over the...
Persistent link: https://www.econbiz.de/10011414504