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The Economics of Cultural Transmission and Socialization
Bisin, Alberto - 2010
cultural heterogeneity, the world's geographical fragmentation by ethic and religious traits, at any given time. Finally, the …
Persistent link: https://www.econbiz.de/10013136354
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Which Social Cost of Carbon? A Theoretical Perspective
Kotchen, Matthew J. - 2016
This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory impact analysis. I identify conditions under which a country's decision to internalize the...
Persistent link: https://www.econbiz.de/10012992145
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International Borrowing to Finance Investment
Engel, Charles M.; Kletzer, Kenneth M. - 2021
The motives of a small country for borrowing to purchase capital equipment on international markets are studied. The country produces tradable capital and a nontradable consumption good and borrows or lends capital to achieve higher levels of welfare. A shift in time-preference favoring future...
Persistent link: https://www.econbiz.de/10013248425
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Portraits of the Artist : Personal Visual Art in the Twentieth Century
Galenson, David W. - 2020
Scholars of literature have devoted considerable attention to what they have called confessional or personal poetry, in which Robert Lowell, Sylvia Plath, and a series of other poets, from the 1950s on, made their art out of the experiences of their own lives. Yet art scholars have not analyzed...
Persistent link: https://www.econbiz.de/10012842524
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The Economics of Aesthetics and Three Centuries of Art Price Records
Goetzmann, William N. - 2020
Aggregate art price patterns mask a lot of underlying variation--both in the time series and in the cross- section. We argue that, to increase our understanding of the market for aesthetics, it is helpful to take a micro perspective on the formation of art prices, and acknowledge that each...
Persistent link: https://www.econbiz.de/10012856537
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The Life Cycles of Modern Artists : Theory, Measurement, and Implications
Galenson, David W. - 2021
There have been two very different life cycles for important modern artists: some, including Picasso, have made their greatest contributions early in their careers, whereas others, like C‚zanne, have produced their best work late in their lives. Art's young geniuses have worked deductively to...
Persistent link: https://www.econbiz.de/10013218301
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The Welfare Effects of Ticket Resale
Leslie, Phillip - 2009
We develop an equilibrium model of ticket resale in which buyers' decisions in the primary market, including costly efforts to "arrive early" to buy underpriced tickets, are based on rational expectations of resale market outcomes. We estimate the parameters of the model using a novel dataset...
Persistent link: https://www.econbiz.de/10013155031
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Estimating Dynamic R&D Demand : an Analysis of Costs and Long-Run Benefits
Peters, Bettina - 2014
This paper estimates a dynamic structural model of discrete R&D investment and quantifies its cost and long-run benefit … expected firm value generated by the R&D investment. It increases firm value by 6.7 percent for the median firm in high … innovation significantly raise investment rates and productivity while reductions in startup costs have little effect …
Persistent link: https://www.econbiz.de/10013063125
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The Social Cost of Carbon Revisited
Pindyck, Robert S. - 2016
An estimate of the social cost of carbon (SCC) is key to climate policy. But how should we estimate the SCC? A common approach is to use an integrated assessment model (IAM) to simulate time paths for the atmospheric CO2 concentration, its impact on global mean temperature, and the resulting...
Persistent link: https://www.econbiz.de/10012979765
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Global Benefits of Marine Protected Areas
Rising, James - 2014
Case studies suggest that Marine Protected Areas (MPAs) can be effective tools for fishery management. This study uses global datasets of MPAs and stock assessments to estimate the strength and robustness of their benefits. We apply multiple models, including a treatment-control pairing, a...
Persistent link: https://www.econbiz.de/10013056856