Showing 1 - 10 of 113
In this paper, we consider a problem in environmental policy design by applying optimal stopping rules. The purpose of this paper is to analyze the optimal timings at which the government should adopt environmental policies to deal with increases in greenhouse gas concentrations and to reduce...
Persistent link: https://www.econbiz.de/10010332424
, and experience both industrial pollution and natural resource degradation. We present a model that incorporates these …
Persistent link: https://www.econbiz.de/10010332378
This paper studies the problem of information revelation in a multi-stage tournament where the agents' effort in each stage gives rise to a stochastic performance signal privately observed by the principal. The principal controls the agents' effort incentive through the use of a feedback policy,...
Persistent link: https://www.econbiz.de/10010332399
period and waits to sell only in the second period. Waiting creates a credible cost for signalling; hence, the monopolist … uses it as a signalling device. …
Persistent link: https://www.econbiz.de/10010332494
This paper explores optimal environmental tax policy under which duopoly firms strategically choose the location of their plants in a simple three-stage game. We examine how the relationship between the optimal emission tax and the choice of location of duopoly firms affects the welfare of the...
Persistent link: https://www.econbiz.de/10010332397
frequently than those which the Bayesian theory predicts, (4) subjects in seniority put equal weight on private signals and on …
Persistent link: https://www.econbiz.de/10010332216
warming is the result of prolonged pollution emissions by developed countries, while developed countries demand that … pollution emissions differ, depending on the combination of their business situations. If both countries achieve full employment …
Persistent link: https://www.econbiz.de/10014540392
Designing efficient environmental policies requires knowledge about households' preference parameters for their intertemporal decisions. By conducting an original Internet-based survey using Japanese participants (n=2,906) and a follow-up survey (n=1,407), we examine how people evaluate...
Persistent link: https://www.econbiz.de/10012013625
This paper develops a theory in which households prepare for future education by adjusting the number of children they …
Persistent link: https://www.econbiz.de/10010332195
In this paper we examine the asymptotic properties of the estimator of the long-run coefficient (LRC) in a dynamic regression model with integrated regressors and serially correlated errors. We show that the OLS estimators of the regression coefficients are inconsistent but the OLS-based...
Persistent link: https://www.econbiz.de/10010332196