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Market Design for Trading Commoditized Renewable Energy
Heshmati, Almas; Abolhosseini, Shahrouz - 2014
Information and communication technology plays an important role in achieving a higher level of energy efficiency. In particular, energy efficiency can be achieved by integrating information technology into electricity networks to enable the interaction between suppliers and customers (smart...
Persistent link: https://www.econbiz.de/10010398294
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Market Design for Trading Commoditized Renewable Energy
Heshmati, Almas; Abolhosseini, Shahrouz - Institute for the Study of Labor (IZA) - 2014
Information and communication technology plays an important role in achieving a higher level of energy efficiency. In particular, energy efficiency can be achieved by integrating information technology into electricity networks to enable the interaction between suppliers and customers (smart...
Persistent link: https://www.econbiz.de/10010886132
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The welfare impact of price changes on household welfare and inequality 1999-2010
Loughrey, Jason; O'Donoghue, Cathal - 2011
This paper provides a single welfare measure to show the effects of consumer price changes upon households in Ireland … component using the Atkinson Social Welfare Function. The efficiency component includes the behavioural response to price … of households in response to price changes in most years. …
Persistent link: https://www.econbiz.de/10010278686
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The Welfare Impact of Price Changes on Household Welfare and Inequality 1999-2010
Loughrey, Jason; O'Donoghue, Cathal - Institute for the Study of Labor (IZA) - 2011
This paper provides a single welfare measure to show the effects of consumer price changes upon households in Ireland … component using the Atkinson Social Welfare Function. The efficiency component includes the behavioural response to price … of households in response to price changes in most years. …
Persistent link: https://www.econbiz.de/10009024603
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Efficient redistribution: comparing basic income with unemployment benefits
FitzRoy, Felix; Jin, Jim - 2010
We compare two systems of income redistribution: unemployment benefits (UB) and basic income (BI). First, for a simple utility function, with both intensive and extensive margins, the unemployed are likely better off with pure BI than pure UB, regardless of labour supply elasticity and wage...
Persistent link: https://www.econbiz.de/10010333015
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Bribes vs. Taxes: Market Structure and Incentives
Amodio, Francesco; Choi, Jieun; De Giorgi, Giacomo; … - 2018
raise the cost of operating a business, and the price charged to consumers. To decrease these costs, we designed a feedback … intervention reduces the average cost for firms and the price they charge to consumers. Since fewer firms substitute bribes for …
Persistent link: https://www.econbiz.de/10011931633
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Managerial Job Assignment and Imperfect Competition in Asymmetric
Grossmann, Volker - 2003
This paper develops a model with multiple market locations in which the quality of intangible assets of firms, provided by management, determines the firms? performance. Despite an exante symmetry of potential entrants, the equilibrium assignment of heterogeneous managerial skills to firms tends...
Persistent link: https://www.econbiz.de/10010261934
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The economics of credence goods: on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the determinants for efficiency in credence goods...
Persistent link: https://www.econbiz.de/10010271236
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Are two tax rates better than one?
FitzRoy, Felix R.; Jin, Jim - 2009
Should two-band income taxes be progressive given a general income distribution? We provide a negative answer under utilitarian and max-min welfare functions. While this result clarifies some ambiguities in the literature, it does not rule out progressive taxes in general. If we maximize total...
Persistent link: https://www.econbiz.de/10010273858
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Relative income, redistribution and well-being
FitzRoy, Felix; Nolan, Michael - 2010
In a model with heterogeneous workers and both intensive and extensive margins of employment, we consider two systems of redistribution: a universal basic income, and a categorical unemployment benefit. Well-being depends on own-consumption relative to average employed workers' consumption, and...
Persistent link: https://www.econbiz.de/10010274682