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Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002

The purpose of this paper is to develop a model that integrates inventory and labor decisions. We extend a model of inventory behavior to include a detailed specification of the role of labor input in the production process and of the costs associated with it. In particular, we distinguish...

Persistent link: https://www.econbiz.de/10011335689

Capital subsidies versus labour subsidies: A trade-off between capital and employment?

Petrucci, Alberto; Phelps, Edmund S. - 2000

investment and aggravate unemployment, while labour subsidies stimulate employment and may depress capital accumulation. …

Persistent link: https://www.econbiz.de/10011608596

Non-pecuniary Value of Employment and Natural Resource Extinction

Farzin, Y. Hossein; Akao, Ken-Ichi - 2006

We assume that people value employment not only to earn income to satisfy their consumption needs but also as a means of community/social involvement that provides socio-psychological (non-pecuniary) benefits. We show that the latter incentive can encourage full employment harvesting resources...

Persistent link: https://www.econbiz.de/10010312372

Coalition formation in international environmental agreements and the role of institutions

Ecchia, Giulio; Mariotti, Marco - 1998

The aim of this paper is to discuss the role played by international institutions in achieving effective International … coalitional bargaining to illustrate the main issues. We argue that international institutions can intervene in the framing of the …

Persistent link: https://www.econbiz.de/10011608381

Markets and cooperation

Spagnolo, Giancarlo - 1999

Why do money and markets crowd out co-operative relations? This paper characterises the effects of intertemporal preferences, money, and markets on players' ability to co-operate in material-payoff supergames. Players' aversion to intertemporal substitution facilitates co-operation by decreasing...

Persistent link: https://www.econbiz.de/10011608563

A Ricardian model of the tragedy of the commons

lasserre, Pierre; Soubeyran, Antoine - 2001

This paper revisits the tragedy of the commons when agents have different capabilities in both production and encroachment activities, and can allocate their time between them. Under fairly general assumptions on production and encroachment technologies, an individual's expected income is convex...

Persistent link: https://www.econbiz.de/10011608842

Regional disparities and the Italian NAIRU

Brunello, Giorgio; Lupi, Claudio; Ordine, Patrizia - 1998

with aggregate wage setting in Italy depending only on the rate of unemployment prevailing in the Northern and Central … areas of the country. There is evidence supporting the presence of a long-run co-integrating relationship among unemployment … unemployment to exogenous shocks is sluggish, suggesting that persistence is an important feature of the Italian labour market. …

Persistent link: https://www.econbiz.de/10011608439