Showing 1 - 10 of 2,072
This paper investigates the influence of clean-up subsidies on the dynamics of models of production-environment interaction in continuous time. We show that complex dynamics can arise in the cases of socially optimal and decentralised solutions. Thus, it is possible that pollution can increase...
Persistent link: https://www.econbiz.de/10005537713
Persistent link: https://www.econbiz.de/10005706605
Persistent link: https://www.econbiz.de/10005205875
Persistent link: https://www.econbiz.de/10009149900
Persistent link: https://www.econbiz.de/10007635247
In our paper we investigate how network effects influence the dynamics of oligopoly on mature telecommunication markets. The model covers four categories of agents: telecommunication operators, customers joined into housholds and market regulator. The market state aware firms use reinforcement...
Persistent link: https://www.econbiz.de/10005537383
This paper sets out first, to quantify the stabilization gains from commitment in terms of household welfare and second, to examine how commitment to an optimal or approximately optimal rule can be sustained as an equilibrium in which reneging hardly ever occurs. We utilize an influential...
Persistent link: https://www.econbiz.de/10005537384
Efficient algorithms for diagnosing influential data points are investigated. Techniques examining potentially influential subsets are considered. Given a list of candidate observations, a new row-dropping algorithm (RDA) computes all possible observation-subset regression models. It employs a...
Persistent link: https://www.econbiz.de/10005537385
Population aging threatens to severely destabilize the public finances of a majority of European countries. This unfavorable demographic prospect is usually reinforced by a widespread tendency to anticipate retirement. Reversing this tendency has been identified as a crucial factor to improve...
Persistent link: https://www.econbiz.de/10005537386
This paper integrates the literature of Mortgage Design with that of Rotating Savings and Credit Associations (ROSCAs) to present a novel way of mortgage financing (with a zero interest rate) using cooperatives. This mode of financing dissipates credit (default) risk better than the normal mode...
Persistent link: https://www.econbiz.de/10005537389