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Environmental dilemmas revisited: structural consequences from the angle of institutional ergonomics
Beckenkamp, Martin - 2009
The structure of a social dilemma lies behind many environmental problems. Mingling temporal aspects of resources with the structure of the social dilemma often leads to wrong conclusions. Therefore, it is worth analytically separating temporal aspects from structural aspects of the dilemma....
Persistent link: https://www.econbiz.de/10010266983
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Intellectual property rights and the evergreening of pharmaceuticals
Boscheck, Ralf - In: Intereconomics 50 (2015) 4, pp. 221-226
exclusivity for pharmaceuticals products and evaluates safeguards against such evergreening. …
Persistent link: https://www.econbiz.de/10011773251
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Determinants of pharmaceutical innovation: The role of technological opportunities revisited
Rake, Bastian - 2012
pharmaceuticals. At the same time many scholars point out the importance of of scientific advances for the industry's R&D activities … number of new pharmaceuticals in the United States. Technological opportunities are operationalized as growth rates of the …-maximum likelihood estimator. The results reveal a rather robust and significantly positive response of the number of new pharmaceuticals …
Persistent link: https://www.econbiz.de/10010291820
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Taxes and marriage: A two-sided search analysis
Chade, Hector; Ventura, Gustavo - 2000
This paper studies the effects of differential tax treatment toward married and single individuals in the US on marriage formation and composition, divorce and labor supply. We develop a marriage market model with search frictions and heterogeneous agents that is sufficiently rich to capture key...
Persistent link: https://www.econbiz.de/10010292010
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Technology shocks, employment, and labor market frictions
Mandelman, Federico S.; Zanetti, Francesco - 2008
Recent empirical evidence suggests that a positive technology shock leads to a decline in labor inputs. However, the standard real business cycle model fails to account for this empirical regularity. Can the presence of labor market frictions address this problem without otherwise altering the...
Persistent link: https://www.econbiz.de/10010292305
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Learning, adaptive expectations, and technology shocks
Huang, Kevin X. D.; Liu, Zheng; Zha, Tao - 2008
This study explores the macroeconomic implications of adaptive expectations in a standard real business cycle model. When rational expectations are replaced by adaptive expectations, we show that the self-confirming equilibrium is the same as the steady-state rational expectations equilibrium...
Persistent link: https://www.econbiz.de/10010292324
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Relative consumption and endogenous labour supply in the Ramsey model: Do status-conscious people work too much?
Fisher, Walter H.; Hof, Franz X. - 2000
This paper introduces consumption externalities into a Ramsey-type model with endogenous labour supply and homogeneous agents. The instantaneous utility of any consumer is assumed to depend on work effort, own consumption and relative consumption, where the latter determines the individual's...
Persistent link: https://www.econbiz.de/10010292755
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Elastic Labour Supply and Optimal Taxation in a Model of Sustainable Endogenous Growth
DiMaria, Corrado - 2001
This paper presents an endogenous growth model which features elastic labour supply in order to address the distortions created by labour income and consumption taxation. Introducing elastic labour into an AK model greatly changes the structure of the model and raises problems regarding the...
Persistent link: https://www.econbiz.de/10010292777
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Aggregating labour supply and feedback effects in microsimulation
Creedy, John; Duncan, Alan - 2001
This paper extends behavioural microsimulation modelling so that third round effects of a policy change can be simulated. The first round effects relate to fixed hours of work, while second round effects allow for changes in desired hours of work at unchanged wages. These allow for endogenous...
Persistent link: https://www.econbiz.de/10010292989
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Employment, hours of work and the optimal design of earned income tax credits
Blundell, Richard; Shephard, Andrew - 2008
This paper examines the tax schedule for low income families with children. We take an optimal tax approach based on a structural labour supply model which incorporates unobserved heterogeneity, fixed costs of work, childcare costs and the detailed non-convexities of the tax and transfer system....
Persistent link: https://www.econbiz.de/10010292993