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We consider environmental regulation in a context where firms invest in abatement technology under conditions of uncertainty about subsequent abatement cost, but can subsequently adjust output in the light of true marginal abatement cost. Where an emission tax is the only available instrument,...
Persistent link: https://www.econbiz.de/10010291668
significance of these responses to congestion externalities, and argue that they need to be taken into account in designing … internalization instruments. We consider labor-leisure, regional labor mobility and house price responses to congestion externalities … consequences of internalizing externalities. If adaptation is present, externalities will be partially internalized, the gains from …
Persistent link: https://www.econbiz.de/10010292015
resources might dampen the negative externalities associated with misbehaving students, and thus work to improve the performance …
Persistent link: https://www.econbiz.de/10010292717
When productivity is fostered by an individual's own human capital as well as by the economy-wide average level of human capital, individuals under-invest in human capital. The provision of subsidies for the formation of human capital, conditional on the subsidy being self-financed by tax...
Persistent link: https://www.econbiz.de/10010292740
According to the previous literature on hiring, ?rms face a trade-off when deciding on external recruiting: From an incentive perspective, external recruiting is harmful since admission of external candidates reduces internal workers’ career incentives. However, if external workers have high...
Persistent link: https://www.econbiz.de/10010293365
Good understanding on the human capital externalities is important for both policy makers and social science …
Persistent link: https://www.econbiz.de/10010293665
whole tax system is affected by the externalities caused by the consumption of positional goods, notably also the taxes on …
Persistent link: https://www.econbiz.de/10010294915
This paper extends the previous literature on optimal redistributive taxation in the presence of externalities to a … multi-externality setting. While taxes on income and on 'clean' commodities are still unaffected by the externalities, which … implications for the optimal Pigouvian tax rates. In general the Pigouvian parts of taxation depend also on the externalities …
Persistent link: https://www.econbiz.de/10010294934
If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities …
Persistent link: https://www.econbiz.de/10010296367
The European Commission mandated the consulting firm CE Delft to develop a framework for the internalisation of external costs and to devise a number of potential internalisation scenarios for further analysis. The results of their preliminary research are published in a CE discussion paper, and...
Persistent link: https://www.econbiz.de/10010299078