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International environmental agreements: Incentives and political economy

Carraro, Carlo; Siniscalco, Domenico - 1997

International environmental agreements are increasingly important in a globalised economy. Beyond their specific interest, these agreements are also important in the context of coalition formation theory. Given the incentives to free ride, associated to the environment as a public good and to...

Persistent link: https://www.econbiz.de/10011608368

Social Games: Matching and the Play of Finitely Repeated Games

Jackson, Matthew O.; Watts, Alison - 2005

We examine a new class of games, which we call social games, where players not only choose strategies but also choose … players in different roles, among other things. We also examine finite repetitions of games where players may choose to … rematch in any period. Some equilibria of fixed-player repeated games cannot be sustained as equilibria in a repeated social …

Persistent link: https://www.econbiz.de/10010312355

The Long Italian Stagnation and the Welfare Effects of Outsourcing

Zotti, Jacopo - 2015

The stagnation of the Italian economy over the last two decades is widely documented. During this period, the world economy has become highly integrated, and foreign outsourcing has become a standard practice for firms. While trade theory predicts benefits from the internationalization of...

Persistent link: https://www.econbiz.de/10011451174

On Capturing Oil Rents with a National Excise Tax Revisited

Rubio, Santiago J. - 2004

In this paper the scope of Bergstrom's (1982) results is studied. Moreover, his analysis is extended assuming that extraction cost is directly related to accumulated extractions. For the case of a competitive market it is found that the optimal policy is a constant tariff if extraction is...

Persistent link: https://www.econbiz.de/10011325008

The Optimal Share of Variable Renewables. How the Variability of Wind and Solar Power Affects their Welfare-optimal Deployment

Hirth, Lion - 2013

This paper estimates the welfare-optimal market share of wind and solar power; explicitly taking into account their output variability. We present a theoretical valuation framework that consistently accounts for output variability over time; forecast errors; and the location of generators in the...

Persistent link: https://www.econbiz.de/10010328669

Equilibrium and matching under price controls

Herings, P. Jean-Jacques - 2015

The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...

Persistent link: https://www.econbiz.de/10011307296

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

How (not) to Choose Peers in Studying Groups

Gall, Thomas; Amann, Roland - 2006

This paper analyzes social group formation when agents are subject to peer effects within groups increasing human capital and instantaneous utility. When agents are heterogeneous on two dimensions, ability and social skills, and monetary payments are not feasible the model predicts segregation...

Persistent link: https://www.econbiz.de/10010312300

Investment in Tourism Market: A Dynamic Model of Differentiated Oligopoly

Cellini, Roberto; Candela, Guido - 2004

We present a theoretical model in tourism economics, assuming that the market for tourism is an oligopoly with differentiated products. Destinations (i.e., countries, regions, sites or even firms) can invest in order to improve their carrying capacity that can be interpreted as the stock of...

Persistent link: https://www.econbiz.de/10011324900

The Opening of the European Electricity Market and Environmental Policy: Does the Degree of Competition Matter?

Bigano, Andrea; Proost, Stef - 2004

This paper studies the relevance of strategic trade effects in the environmental policy for the European electricity sector. The production, investment and trade of electricity are modelled for four European countries. Three market regimes are distinguished: perfect competition, price regulation...

Persistent link: https://www.econbiz.de/10011324917