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Bos, Iwan; Maccarrone, Giovanni; Marini, Marco - 2024

Anti-consumerism is a doctrine that aims to discourage excessive consumption because of its damaging effect on the environment. It can either focus on creating psychic costs for consumers (a 'stick') or psychic benefits for non-consumers (a 'carrot'). This paper examines the impact of these two...

Persistent link: https://www.econbiz.de/10014548223

Is Environmentalism the Right Strategy to Decarbonize the World?

Marini, Marco A.; Tarola, Ornella; Thisse, Jacques-François - 2020

We study how the supply of environmentalism, which is defined by psychic benefits (costs) associated with the purchase of high-environmental (low-environmental) qualities, affects the way firms choose their products and the ensuing consequences for the global level of pollution. Contrary to...

Persistent link: https://www.econbiz.de/10012419732

Shop Until You Drop: the Unexpected Effects of Anticonsumerism and Environmentalism

Maccarrone, Giovanni; Marini, Marco A.; Tarola, Ornella - 2023

In an economy where consumers are heterogeneous in their preferences over the hedonic and environmental attributes of goods on sale, we explore the effects of anti-consumerism and environmentalism. We show that when the environmental attributes of products come at the expense of the hedonic...

Persistent link: https://www.econbiz.de/10014305703

Weddings with uncertain prospects: Mergers under asymmetric information

Borek, Thomas; Buehler, Stefan; Schmutzler, Armin - 2004

We provide a framework for analyzing bilateral mergers when there is two-sided asymmetric information about firms' types. We show that there is always a no-merger equilibrium where firms do not consent to a merger, irrespective of their type. There may also be a cut-off equilibrium if the...

Persistent link: https://www.econbiz.de/10010315502

Mergers under asymmetric information - is there a lemons problem?

Borek, Thomas; Bühler, Stefan; Schmutzler, Armin - 2004

We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard prediction of the lemons market model-if any, only low-type firms are traded-is likely to be misleading: Merger returns, i.e. the difference between pre- and post-merger profits,...

Persistent link: https://www.econbiz.de/10010315535

Privatization in Austria: Some theoretical reasons and performance measures

Schneider, Friedrich; Belke, Ansgar - 2004

The issues of privatization (and sometimes deregulation) have been reviewed in a large literature on the various … aspects of privatization, that has emphasized the potential efficiency gains. Hence, we provide some theoretical reasoning why … privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and …

Persistent link: https://www.econbiz.de/10010294495

Ownership and Production Costs - Choosing Between Public Production and Contracting Out

Ohlsson, Henry - 1998

Many comparisons of the performance of public and private producers use a public/private ownership dummy variable to capture cost differences in cross section data. This is appropriate if the producer choice is random. The dummy variable model is, however, logically inconsistent if the producer...

Persistent link: https://www.econbiz.de/10010321722

Outsourcing Public Services: Contractibility, Cost, and Quality

Andersson, Fredrik; Jordahl, Henrik; Josephson, Jens - 2019

We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The...

Persistent link: https://www.econbiz.de/10012654446

Analysing mechanisms for meeting global emissions target: A dynamical systems approach

Ranganathan, Shyam; Swain, Ranjula Bali - 2014

Global emissions beyond 44 gigatonnes of carbondioxide equivalent (GtCO2e) in 2020 can potentially lead the world to an irreversible climate change. Employing a novel dynamical system modeling approach, we predict that in a business-asusual scenario, it will reach 61 GtCO2e by 2020. Testing...

Persistent link: https://www.econbiz.de/10011396730

A dynamic analysis of human welfare in a warming planet

Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - 2009

Climate stabilization requires low GHG emissions. Is this consistent with nondecreasing human welfare? Our welfare index, called quality of life (QuoL), emphasizes education, knowledge, and the environment. We calibrate a multigenerational model with education, physical capital, knowledge and...

Persistent link: https://www.econbiz.de/10010332978

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