recent stylized facts on growth, distribution and education for the US. …

A simple classical-Marxian model of growth and distribution is developed in which education transforms low …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …

moving from a Pareto to a lognormal distribution allows the Melitz model to match the role of the intensive margin in the EDD …. We use likelihood methods and the EDD to estimate a generalized Melitz model with a joint lognormal distribution for firm …

This paper is one of the limited studies to investigate rebound effects in sectoral electricity consumption and the … electricity consumption from 9.2 MWh per capita in 2010 to 8.6 MWh per capita in 2015. However, following a significant decline … since 2010, electricity consumption in the main New Zealand sectors is increasing. Energy conservation could play an …

We examine the effects of reorganizing electricity markets on ca- pacity investments, retail prices and welfare when …

We examine welfare e ffects of real-time pricing in electricity markets. Before stochastic energy demand is known … electricity generators compete in a uniform price auction to satisfy demand from retailers acting on behalf of subscribed …

We study the role of vertical structure in determining generating capacities and retail prices in the electricity …