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Spatial effects of willingness-to-pay: The case of two nuclear risks

Zweifel, Peter; Schneider, Yves; Wyss, Christian - 2007

This paper examines the spatial dimension of marginal willingness to pay (MWP) for reduction of nuclear risks through increased insurance coverage. The effect of distance from a nuclear power plant on individuals' MWP is ambiguous. MWP is expected to decrease with distance because the risk of...

Persistent link: https://www.econbiz.de/10010315569

Overborrowing and systemic externalities in the business cycle

Bianchi, Javier - 2009

Credit constraints that link a private agent’s debt to market-determined prices embody a credit externality that drives a wedge between competitive and constrained socially optimal equilibria, inducing private agents to overborrow. The externality arises because agents fail to internalize the...

Persistent link: https://www.econbiz.de/10010292300

Beyond cash: Assessing externality and behaviour effects of non-experimental cash transfers

Ribas, Rafael Perez; Soares, Fábio Veras; Teixeira, … - 2010

In this paper we propose a method to estimate externality effects in cash transfer programmes, even in cases when the benefit is not randomly assigned. Externality is assessed through the decomposition of the average treatment effect on the treated (ATT) into participation (direct) effect and...

Persistent link: https://www.econbiz.de/10010293287

Coasian payments for agricultural external benefits - an empirical cross-section analysis

Hackl, Franz; Halla, Martin; Pruckner, Gerald J - 2005

European Union and national policies in support of rural areas as they internalize positive agricultural externalities. …

Persistent link: https://www.econbiz.de/10010294510

Equilibrium security prices with capital income taxes and an exogenous interest rate

Rapp, Marc Steffen; Schwetzler, Bernhard - 2008

We are interested in the effect of capital income taxes upon security prices when investors face locally segmented stock markets and a global bond market. Therefore, we analyze an equilibrium model of an economy with binomial uncertainty, an exogenous risk-free interest rate and a representative...

Persistent link: https://www.econbiz.de/10010305709

Optimal Taxation, Global Externalities and Labor Mobility

Aronsson, Thomas; Blomquist, Sören - 2000

This paper addresses transboundary environmental problems in the context of an optimal tax problem, when part of the labor force is mobile across countries. The policy instruments include both commodity taxation and nonlinear income taxation. We show how the tax policy in a noncooperative...

Persistent link: https://www.econbiz.de/10010321752

Schooling externalities, technology and productivity: theory and evidence from US states

Iranzo, Susana; Peri, Giovanni - 2006

The recent literature on externalities of schooling in the U.S. is rather mixed: positive external effects of average … education are hardly found at all, while often positive externalities from the share of college graduates are identified. This … not an increase in the share of high school graduates, had large positive production externalities in U.S. States. …

Persistent link: https://www.econbiz.de/10010266420

Job-hopping in Silicon Valley: some evidence concerning the micro-foundations of a high technology cluster

Fallick, Bruce; Fleischman, Charles A.; Rebitzer, James B. - 2005

Observers of Silicon Valley's computer cluster report that employees move rapidly between competing firms, but evidence supporting this claim is scarce. Job-hopping is important in computer clusters because it facilitates the reallocation of talent and resources toward firms with superior...

Persistent link: https://www.econbiz.de/10010272888

De-biasing strategic communication

Gesche, Tobias - 2021

This paper studies the effect of disclosing conflicts of interest on strategic communication when the sender has lying costs. I present a simple economic mechanism under which such disclosure often leads to more informative and, at the same time, also to more biased messages. This benefits...

Persistent link: https://www.econbiz.de/10012631632

All-Pay auctions with negative prize externalities: Theory and experimental evidence

Sacco, Dario; Schmutzler, Armin - 2008

The paper characterizes the mixed-strategy equilibria in all-pay auctions with endogenous prizes that depend positively on own effort and negatively on the effort of competitors. Such auctions arise naturally in the context of investment games, lobbying games, and promotion tournaments. We also...

Persistent link: https://www.econbiz.de/10010315592