Showing 1 - 10 of 61
year from 2013 and onwards. This paper argues that it is necessary to allow short term fluctuations in emissions in order … States reveals systematic fluctuations of some +/- 5 percent a year around the long run trend. Hence, the Emission Trading …
Persistent link: https://www.econbiz.de/10008788575
This paper examines whether exit favours maximal or minimal differentiation within an infinite horizon supergame with discounting played by three firms. With more than two firms, the problem of which firm exits the market is similar to a coalition formation one. Solving this coalition formation...
Persistent link: https://www.econbiz.de/10010835735
The top coalition property of Banerjee et al. (2001) and the common ranking property of Farrell and Scotchmer (1988) are sufficient conditions for core stability in hedonic games. We introduce the semistrict core as a stronger stability concept than the core, and show that the top coalition...
Persistent link: https://www.econbiz.de/10005196510
The top coalition property of Banerjee et al. (2001) and the common ranking property of Farrell and Scotchmer (1988) are sufficient conditions for core stability in hedonic games. We introduce the semistrict core as a stronger stability concept than the core, and show that the top coalition...
Persistent link: https://www.econbiz.de/10010630024
This paper attempts to examine empirically the dynamic relationship between inflation, growth and interest rate under … has a negative impact on both growth and the size of the informal activities, while inflation does not have a significant … effect on them. The influence of interest rate on growth and the size of the informal economy is found to be robust to VAR …
Persistent link: https://www.econbiz.de/10011212874
The aim of this note is to investigate the relationship between economic growth and mandatory retirement in an … overlapping generations model where private investment in human capital is the engine of endogenous growth. We derive a novel … result in the retirement-growth literature by showing that the relationship between the mandatory retirement age and economic …
Persistent link: https://www.econbiz.de/10010765817
This paper underlines the influence of trade diversification on GDP per capita growth. Using methodologies developed by … confirm that trade diversification has a positive effect on growth. However, this positive effect of diversification tends to … geographic diversification: to implement economic growth, developing countries should extend exports of new products rather than …
Persistent link: https://www.econbiz.de/10010796123
This paper examines the growth and income distribution effects of inflation in a growing economy with heterogeneous … consumption spending, we show that a higher growth of monetary supply yields a negative impact on growth and an ambiguous effect …-run effects of money growth are rather small. In contrast, fiscal distortion caused by progressive taxation yield significant …
Persistent link: https://www.econbiz.de/10008727317
This paper re-examines the pollution-income relationship using a random coefficients model to allow for greater cross-country heterogeneity. The existence of a common pollution-income relationship across countries is rejected and hence little support for the environmental Kuznets curve is found.
Persistent link: https://www.econbiz.de/10010835784
services on growth. Causality analysis is performed with seven financial development and three growth indicators in the …
Persistent link: https://www.econbiz.de/10010835849