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Unions, increasing returns and endogenous fluctuations
Modesto, Leonor; Lloyd-Braga, Teresa; Coimbra, Rui - 2000
We analyse the implications of unions (efficient bargaining) for multiplicity of stationary states and welfare, local indeterminacy, bifurcations and endogenous fluctuations (deterministic and stochastic). We use an overlapping generations model with external increasing returns to scale, where...
Persistent link: https://www.econbiz.de/10011339688
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The third theorem of welfare economics : report from a fictional field study
Nyborg, Karine - 2019
The perfectly competitive market - a hypothetical situation free of market failure - is the basis for the two fundamental welfare theorems, and an important benchmark for economic theory. The radical abstractions of this idea, however, make its full implications hard to grasp. I address this...
Persistent link: https://www.econbiz.de/10011997650
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A pure theory of population distribution when preferences are ordinal
Stark, Oded; Kosiorowski, Grzegorz - 2023
We model an environment in which individuals prefer to be in a space in which their rank is higher, be it a social space, a geographical space, a work environment, or any other comparison sphere which we refer to in this paper, and without loss of generality, as a region. When the individuals...
Persistent link: https://www.econbiz.de/10013541743
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Life satisfaction and relative income : perceptions and evidence
Mayraz, Guy; Wagner, Gert G.; Schupp, Jürgen - 2009
Using a unique dataset we study both the actual and self-perceived relationship between subjective well-being and income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of questions than in previous studies. In questions inserted into a...
Persistent link: https://www.econbiz.de/10003895798
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Well-being inequality and reference groups : an agenda for new research
Praag, Bernard M. S. van - 2010
In this paper it is argued that subjective well-being of the individual depends on two types of variables. The first type consists of characteristics of the individual himself, such as age, health, income, etc. The second type of variables consists of the characteristics of the individuals...
Persistent link: https://www.econbiz.de/10003937883
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Cooperation, motivation and social balance
Bosworth, Steven; Singer, Tania; Snower, Dennis J. - 2016
This paper examines the reflexive interplay between individual decisions and social forces to analyze the evolution of cooperation in the presence of "multi-directedness," whereby people's preferences depend on their psychological motives. People have access to multiple, discrete motives....
Persistent link: https://www.econbiz.de/10011452082
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Alcohol price floors and externalities : the case of fatal road crashes
Francesconi, Marco; James, Jonathan G. - 2022
In May 2018, Scotland introduced a minimum unit price on alcohol. We examine the impact of this policy on traffic fatalities and drunk driving accidents. Using administrative data on the universe of vehicle collisions in Britain and a range of quasi-experimental modeling approaches, we do not...
Persistent link: https://www.econbiz.de/10013191644
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Allocating subsidies for private investments to maximize jobs impacts
Robalino Aguirre, David A.; Romero, Jose Manuel; Walker, Ian - 2020
-linked externalities (JLEs). JLEs emerge when wages exceed the opportunity cost of labor (labor externalities), or when there are social … gains from creating better jobs for some classes of worker, such as women or youth (social externalities). Like all … externalities, JLEs create a gap between private and social rates of return. Investments can be socially profitable (once the …
Persistent link: https://www.econbiz.de/10012239109
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Measuring social and externality benefits of in influenza vaccination
White, Corey D. - 2019
Vaccination represents a canonical example of externalities in economics, yet there are few estimates of their …
Persistent link: https://www.econbiz.de/10012060585
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The effect of changes in alcohol tax differentials on alcohol consumption
Gehrsitz, Markus; Saffer, Henry; Grossman, Michael - 2020
We show that tax-induced increases in alcohol prices can lead to substantial substitution and avoidance behavior that limits reductions in alcohol consumption. Causal estimates are derived from a natural experiment in Illinois where spirits and wine taxes were raised sharply and unexpectedly in...
Persistent link: https://www.econbiz.de/10012210351