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Regulation, like many other policy decisions, results out of a complex process that is shaped by political as well as … influence the price-regulatory regime under which they operate. Accounting for this endogenous selection, price regulation is … observed to decrease cellular tariffs. However, regulation is not particularly effective in reducing prices because firms …
Persistent link: https://www.econbiz.de/10009467023
This paper analyses the impact of quality based labelling on product prices,factor allocation and the resulting effects on producers within the context of aninternational trading system. A general equilibrium model, calibrated to 1998 data,describes United States and European Union labelling...
Persistent link: https://www.econbiz.de/10009445941
“Substantial downzoning” is defined as the exercise of police power to significantly reduce the legally permitted density on undeveloped land in a community. This contentious practice is typically challenged by those who perceive the action to limit their market opportunities (e.g., farmers...
Persistent link: https://www.econbiz.de/10009446506
Global food commodity price inflation beginning in 2006 and continuing through mid-2008 became a priority concern for global consumers, producers and policy-makers alike. In response, many governments across the world implemented policies targeting high food commodity prices in their domestic...
Persistent link: https://www.econbiz.de/10009446712
This study undertakes a critical analysis of measures of environmental and sustainable socioeconomic welfare from the perspective of political economy. One of the prime motivations for such an inquiry is that Gross Domestic Product (GDP) provides an inadequate measure of social and ecological...
Persistent link: https://www.econbiz.de/10009434782
The purpose of this paper is to analyze climate change and ecological destruction through the prism of the core general principles of political economy. The paper starts with the principle of historical specificity, and the various waves of climate change through successive cooler and warmer...
Persistent link: https://www.econbiz.de/10009434801
This paper examines the global securitised subprime crisis through the lens of core general principles of political economy. The principle of historical specificity is used to situate the crisis in cycles and historical time. The principle of circular and cumulative causation scrutinises the...
Persistent link: https://www.econbiz.de/10009434802
The first main section studies the similarities and differences between the Myrdalian and Kaldorian CCC frameworks. The second section develops a general system model of integration between the two traditions. There is a large measure of continuity between the two CCC approaches; they complement...
Persistent link: https://www.econbiz.de/10009434803
Several schools of thought contribute to this heterodox view of money, including neo-Marxian, Schumpeterian, institutional and post-Keynesian political economy. Neo-Marxian contributions centre on the circuit of money capital, fictitious capital and the break-up of the surplus value into profit,...
Persistent link: https://www.econbiz.de/10009434804
This paper proposes a simple variation of the Allingham and Sandmo (1972) construct and integrates it to a dynamic general equilibrium framework with heterogeneous agents. We study an overlapping generations framework i n which agents must initially decide whether to evade taxes or not. In the...
Persistent link: https://www.econbiz.de/10009438089