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result, Mises' critique that socialism could not achieve a rational economic order came to be debated throughout the 1980s … rational socialism and socialist markets helped to justify the Socialist Market Economy with Chinese Characteristics the …
Persistent link: https://www.econbiz.de/10012695585
We perform a controlled experiment to study the welfare effects of competition in a strategic communication environment … misreporting costs. As a result, competition between senders reduces the total welfare. …
Persistent link: https://www.econbiz.de/10013470532
welfare. We develop a model of advertising and varieties where firms choose the intensity of digital ads directed at specific …
Persistent link: https://www.econbiz.de/10014388429
The choices of a dynamically inconsistent individual depend on whether she commits to consumption ahead of time or chooses consumption in the moment. In individual-choice settings, it is normatively ambiguous whether such an individual's choices with commitment or in the moment are "better"....
Persistent link: https://www.econbiz.de/10014480355
welfare effects of labor mark etintegration. Whereas individuals without residential property lose from immigration due to …
Persistent link: https://www.econbiz.de/10010311760
High parental income, while undeniably causing benefits for a child in terms of better access to education and more favorable labor market outcomes, may at the same time increase a child's income aspirations and thereby reduce financial satisfaction, ceteris paribus. In this paper, we...
Persistent link: https://www.econbiz.de/10010315544
How should firms be incentivized to adopt new technologies when the technical merits and spillovers of such technologies are uncertain? We show that, when information is dispersed but exogenous, efficiency can be induced with simple (constant) subsidies. When, instead, firms must also be...
Persistent link: https://www.econbiz.de/10014550306
For more than 25 years, the Social Security Trust Fund has been projected to run out of money in 2033 (give or take a few years), potentially causing benefits to be severely reduced in the absence of corrective legislative action. Today (February 2024), projections are made by the Social...
Persistent link: https://www.econbiz.de/10014581826
Welfare states contribute to people's well-being in many different ways. Bringing all these contributions under a …, Germany, France, and Sweden) that represent the principal types of welfare and gender regimes, we propose ways of …, transfers, and childcare subsidies in these five countries. In so doing, we calibrate the contributions of the different welfare …
Persistent link: https://www.econbiz.de/10010266553
A perennial debate worldwide over housing aid policy focuses on whether the government should provide housing vouchers or subsidized public housing units. To complement the empirically- dominated literature, this paper builds a general equilibrium model that merges urban land use (monocentric...
Persistent link: https://www.econbiz.de/10010273664