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Deb, Shubhdeep; Eeckhout, Jan; Patel, Aseem; Warren, … - 2022

We propose a theory of how market power affects wage inequality. We ask how goods and labor market power jointly affect the level of wages, the Skill Premium, and wage inequality. We then use detailed microdata from the US Census between 1997 and 2016 to estimate the parameters of labor supply,...

Persistent link: https://www.econbiz.de/10013466168

Off-balance sheet activities, inefficiency and market power of U.S. banks

Wheelock, David C.; Wilson, Paul W. - 2019

The Lerner index is widely used to assess firms' market power. However, estimation and interpretation present several challenges, especially for banks, which tend to produce multiple outputs and operate with considerable inefficiency. We estimate Lerner indices for U.S. banks for 2001-18 using...

Persistent link: https://www.econbiz.de/10011998070

Municipal waste collection : market competition and the EU policy

Reggiani, Carlo; Silvestri, Francesco - 2015

Two of the main pillars of the EU waste collection policy are the Proximity Principle and Self-Sufficiency Principle. According to those, waste should be disposed as close as possible to where it has been produced. The effect of such provision is to increase the market power of local disposers,...

Persistent link: https://www.econbiz.de/10011391812

Flexible waste management under uncertainty

Di Corato, Luca; Montinari, Natalia - 2013

optimal waste management program under uncertainty about the price of recyclables in the secondary market. The municipality …

Persistent link: https://www.econbiz.de/10009702232

Waste generation, incineration and landfill diversion : de-coupling trends, socio-economic drivers and policy effectiveness in the EU

Mazzanti, Massimiliano; Zoboli, Roberto - 2008

Waste generation and waste disposal are issues that are becoming increasingly prominent in the environmental arena both from a policy perspective and in the context of delinking analysis. Waste generation is still increasing proportionally with income, and economic and environmental costs...

Persistent link: https://www.econbiz.de/10008799169

The market value of variable renewables

Hirth, Lion - 2012

(merit-order curve) to the right and thereby reduce the equilibrium price of electricity during that hour. The size of this … intertemporal flexibility of the electricity system. Thus the price of wind power falls with higher penetration rates, even if the … average electricity price remains constant. This work quantifies the effect of variability on the market value of renewables …