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As a useful complement to numerous innovation policy studies from a normative perspective, this paper provides a positive framework to analyze the basic economic mechanism of energy technological innovation and explains its slow pace of technological progress. We find that the...
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Exploring the main determinants of tourism participation at national and international level, the paper investigates if there are differences in tourism consumption behavior among Italian families which reflect disparities in their standard of living. To achieve this a Heckman model has been...
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Using a time-separable utility function where leisure is introduced through the disutility of working time and is … harmful for growth. A tighter environmental tax reduces the incentives to educate by increasing leisure time and lowers the … presence of leisure, the environmental tax does not affect human capital accumulation if the source of pollution is output …
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substantial leisure complementarity, and specifically cut the non-usual component of their workweek, leaving usual hours unchanged …
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The opportunity Value of Travel Time (VTT) is one of the most important parts of the total cost of recreation day-trips and arguably the most difficult to estimate. Most studies build upon the theoretical framework proposed by Becker's (1965) by using a combination of revealed and stated...
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