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In designing a production model for firms that generate multiple outputs, we take as a starting point that such multi-output production refers to economies of scope, which in turn originate from joint input use and input externalities. We provide a nonparametric characterization of cost...
Persistent link: https://www.econbiz.de/10012779393
Recruiting agents, or "programs" costly screen "applicants" in matching processes, and congestion in a market increases … costs can be used as a Pigouvian tax. Higher costs reduce congestion by discouraging applicants from applying to certain … experimental and structural estimates show that a (low) application cost effectively reduces congestion without harming match …
Persistent link: https://www.econbiz.de/10012896762
" congestion (LC) – where MC > AC and both increase with output. I identify two additional congestion categories, "high" (HC) and … "super" (SC) congestion – where AC is backward-bending and MC < 0. Using a general equilibrium model, I derive the open …
Persistent link: https://www.econbiz.de/10012823865
A new paradigm for transport economists has been established: revenues of a welfare-maximising road tax should be employed to reduce the level of a distortionary income tax. An essential modelling assumption to reach this conclusion is that the number of workdays is optimally chosen, whereas...
Persistent link: https://www.econbiz.de/10013146827
budget referenda passed and failed by narrow margins. The results indicate that increases in school expenditures reduce …
Persistent link: https://www.econbiz.de/10013055909
Less than a decade ago, several German states introduced tuition fees for university education. Despite their comparatively low level, fees were perceived by the public to increase social injustice, and have been abolished. Whereas other studies have shown no effect on enrollment, we analyze the...
Persistent link: https://www.econbiz.de/10013043694
We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany's fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...
Persistent link: https://www.econbiz.de/10014357255
Sharing the available stock of work more fairly is a popular concern in the public policy debate. One proposal is to reduce overtime work in order to allow the employment of more people. This paper suggests that such a concept faces major problems. Using Germany as a case study, it is shown that...
Persistent link: https://www.econbiz.de/10013321391
Previous estimates of unfair inequality of opportunity (IOp) are only lower bounds because of the unobservability of the full set of endowed circumstances beyond the sphere of individual responsibility. In this paper, we suggest a new estimator based on a fixed effects panel model which...
Persistent link: https://www.econbiz.de/10013122677
Three fundamental forces have shaped labor markets over the last 50 years: the secular increase in the returns to education, educational upgrading, and the integration of large numbers of women into the workforce. We modify the Katz and Murphy (1992) framework to predict the structure of the...
Persistent link: https://www.econbiz.de/10013071294