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Understanding "The Problem of Social Cost"
baffi, enrico - Volkswirtschaftliche Fakultät, … - 2013
This paper examines the positions of Coase and Pigou in regard to the problem of external effects (externalities …
Persistent link: https://www.econbiz.de/10011260441
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Information-Constrained Optima with Retrading: An Externality and Its Market-Based Solution
Kilenthong, Weerachart; Townsend, Robert - Volkswirtschaftliche Fakultät, … - 2010
This paper studies the efficiency of competitive equilibria in environments with a moral hazard problem and unobserved states, both with retrading in ex post spot markets. The interaction between private information problems and the possibility of retrade creates an externality, unless...
Persistent link: https://www.econbiz.de/10008552807
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Taxing Externalities under Financing Constraints
Hoffmann, Florian; Inderst, Roman; Moslener, Ulf - Volkswirtschaftliche Fakultät, … - 2013
We consider an economy where production generates externalities, which can be reduced by additional firm level …-à-vis outside investors. Policy is constrained as firms are privately informed about their marginal cost of avoiding externalities …
Persistent link: https://www.econbiz.de/10011108991
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Education and social returns an optimal policy
Jellal, Mohamed; Bouzahzah, Mohamed - Volkswirtschaftliche Fakultät, … - 2012
marginal benefits of a unit of human capital. In other words, we study the problem of human capital externalities which comes …
Persistent link: https://www.econbiz.de/10011111594
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Time Delay and Support for Taxation
Tiezzi, Silvia; Xiao, Erte - Volkswirtschaftliche Fakultät, … - 2013
the benefits of taxation can lead to low support for taxes. In a dynamic market experiment with negative externalities, we … consistently find that people are less willing to accept Pigouvian taxes, aimed at reducing negative externalities and restoring … market efficiency, when the negative externalities are delayed. While people learn to adopt taxation when the negative …
Persistent link: https://www.econbiz.de/10011113106
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Education private and social returns an optimal taxation policy
Jellal, Mohamed - Volkswirtschaftliche Fakultät, … - 2014
benefits of a unit of human capital. In other words, we study the problem of human capital externalities which comes from …
Persistent link: https://www.econbiz.de/10011113456
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How are Income and Non-Income Factors Different in Promoting Happiness? An Answer to the Easterlin Paradox
Tian, Guoqiang; Yang, Liyan - Volkswirtschaftliche Fakultät, … - 2005
This paper develops a formal economic theory to explain the Easterlin paradox-average happiness levels do not necessarily increase as countries grow wealthier. The theory analyzes the different roles of income and non-income factors in promoting people's happiness, and provides a foundation for...
Persistent link: https://www.econbiz.de/10011109438
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A Re-examination of Incumbents’ Response to the Threat of Entry: Evidence from the Airline Industry
Gayle, Philip; Wu, Chi-Yin - Volkswirtschaftliche Fakultät, … - 2012
Much of the literature on the airline industry identifies a potential entrant to a market based on whether the relevant carrier has presence in at least one of the endpoint airports of the market without actually operating between the endpoints. Furthermore, a potential entrant is often defined...
Persistent link: https://www.econbiz.de/10011259934
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The Choice of Airport, Airline, and Departure Date and Time: Estimating the Demand for Flights
Escobari, Diego; Mellado, Cristhian - Volkswirtschaftliche Fakultät, … - 2013
This paper estimates the demand for flights in an international air travel market using a unique dataset with detailed information not only on flight choices but also on contemporaneous prices and characteristics of all the alternative non-booked flights. The estimation strategy employs a simple...
Persistent link: https://www.econbiz.de/10011111094
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Assessment of the Role of Agriculture in Sudan Economy
Mohamed, Issam A.W. - Volkswirtschaftliche Fakultät, … - 2010
The calamities of Sudan expand on daily basis. The secession of Southern Sudan has deprived the country of 25% of it total area, 24% of population, over 80% of its oil income. Moreover, it has separated with 75% of it vegetation cover and 30% of potential arable land. In addition, Sudan stands...
Persistent link: https://www.econbiz.de/10009278266