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This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a repeated non-cooperative game, Pareto efficient outcomes can be supported by self interest, given the specific pattern of specialisation and exchange which exists in the...
Persistent link: https://www.econbiz.de/10013159339
ideas. The "Sacred Canopy" paradigm views it necessary for social stability to grant monopoly power to an official state …. Judaism in Israel illustrates the outcome in a monopoly experiencing potential competition, possibly leading to an oligopoly …
Persistent link: https://www.econbiz.de/10013087384
How does employer market power affect workers? We compute the concentration of new hires by occupation and commuting zone in France using linked employer-employee data. Using instrumental variables with worker and firm fixed effects, we find that a 10% increase in labor market concentration...
Persistent link: https://www.econbiz.de/10012833879
outcomes. The natural explanation is that Dutch dentists extract a monopoly rent, which we attribute to the limited supply of …
Persistent link: https://www.econbiz.de/10012925522
This paper discusses the problems facing the Mexican economy. It operates under a heavy burden of monopoly and … heavy burden of monopoly and regulation. We find little evidence that the introduction of social protection programs for …
Persistent link: https://www.econbiz.de/10013148068
national tax reforms to union membership dues as exogenous shocks to unionization, we show that high levels of unionization …
Persistent link: https://www.econbiz.de/10014243910
Barriers to outsourcing that are being currently implemented in the US effectively tax its companies who "export" jobs … oligopolistic context. We find that while an outsourcing tax favors domestic workers by causing firms to switch to a greater use of … effects, which inform us about the conditions under which such a tax achieves its stated objective. Next, we consider the …
Persistent link: https://www.econbiz.de/10013131419
We examine ways of funding higher education, comparing upfront tuition fees with graduate taxes. The tax dominates, as … endogenized. We show that graduate taxes reduce work incentives but provide incentives to improve teaching quality. Yet if tax … allocated the revenue generated by its own alumni. In addition, we demonstrate how a budget-balancing graduate tax would …
Persistent link: https://www.econbiz.de/10013135633
For policy makers and analysts, it is important to isolate the redistributive impact of tax-benefit policy changes from … simulations in a formal framework based on the Shapley value decomposition and quantify the relative roles of (i) tax …
Persistent link: https://www.econbiz.de/10013137246
concerning the health effects of the consumption of fat and of healthy goods. The level of the fat tax is determined through ….A fraction of the fat tax proceeds is "earmarked" to reduce health insurance premiums while the remaining fraction finances a … welfare, anticipating the induced political equilibrium. We show that the fat tax in the political equilibrium is always lower …
Persistent link: https://www.econbiz.de/10013015020