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"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others … will free- ride on the cutthroat incentives of the leaders and choose a more "cuddly" form of capitalism. Paradoxically … equilibrium, it is not a best response for the cutthroat capitalists to switch to a more cuddly form of capitalism. We also show …
Persistent link: https://www.econbiz.de/10013099537
We study the joint dynamics of economic and political change. Predictions of the simple model that we formulate in the paper get considerable support in a panel of data on political regimes and GDP per capita for about 150 countries over 150 years. Democratic capital -- measured by a nation's...
Persistent link: https://www.econbiz.de/10012761656
This paper provides a broad overview of recent trends in solid waste and recycling, related public policy issues, and … the economics literature devoted to these topics. Public attention to solid waste and recycling has increased dramatically … makers choose the efficient mix of policy levers to regulate solid waste and recycling activities. Economists have also …
Persistent link: https://www.econbiz.de/10013220080
This paper estimates the impact of a user fee and a curbside recycling program on garbage and recycling amounts … policies and the levels of garbage and recycling collected in the community. A simple sequential model of local policymaking is … cross-section of towns without user fees but with and without curbside recycling programs. The combined data set is larger …
Persistent link: https://www.econbiz.de/10013223573
This paper develops a utility maximizing model of household choice among garbage disposal, recycling, and littering … recycling. The model explains (1) why some households participate in curbside recycling programs even in the absence of a user …-wide quantities of garbage, recycling, and litter. We show how an increase in the user fee can decrease aggregate recycling …
Persistent link: https://www.econbiz.de/10013226075
We analyze alternative policies such as a disposal content fee, a subsidy for recyclable designs, unit pricing of household disposal, a deposit-refund system, and a manufacturer `take-back' requirement. In order to identify the problem being addressed, we build a simple general equilibrium model...
Persistent link: https://www.econbiz.de/10013324059
Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist …
Persistent link: https://www.econbiz.de/10013117212
While the economies of the fifteen countries that were in the European Union (EU15) in 2000 will continue to grow from now until 2040, they will not be able to match the surges in growth that will occur in South and East Asia. In 2040, the Chinese economy will reach $123 trillion, or nearly...
Persistent link: https://www.econbiz.de/10012760039
, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We …
Persistent link: https://www.econbiz.de/10013039764
This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...
Persistent link: https://www.econbiz.de/10013145406