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Endogenous Growth Fluctuations in Unionised Economy with Productive Externalities
Coimbra, Rui; Lloyd-Braga, Teresa; Modesto, Leonor - C.E.P.R. Discussion Papers - 2002
We discuss the effects of unions in the labour market on steady-state multiplicity and welfare, and on the occurrence …-Douglas technology, unions increase steady state employment and welfare, and local indeterminacy (sunspots) emerges. Our results show … that the role of unions in shaping local dynamics depends on technology (externalities and factor's substitutability …
Persistent link: https://www.econbiz.de/10005656164
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Indeterminacy in a Finance Constrained Unionized Economy
Lloyd-Braga, Teresa; Modesto, Leonor - C.E.P.R. Discussion Papers - 2004
We introduce labour market imperfections (i.e. unions and the existence of a wage floor) in a finance … decreases with union power. We also find that unions increase simultaneously steady-state employment, capital accumulation and …
Persistent link: https://www.econbiz.de/10005504720
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Exogenous Preferences, and Endogenous Tastes
Ebert, Udo; Hagen, Oskar von dem - In: Journal of Economics and Statistics (Jahrbuecher fuer … 222 (2002) 5, pp. 513-530
. Accordingly, many models in economic theory can be interpreted as dealing with endogenous tastes. It is shown that changes in …
Persistent link: https://www.econbiz.de/10008633371
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Business Fluctuations, Job Flows and Trade Unions - Dynamics in the Economy
Schirwitz, Beate - ifo Leibniz-Institut für Wirtschaftsforschung an der …
behaviour of trade unions? To approach these questions theoretical as well as empirical methods were used. The empirical methods …
Persistent link: https://www.econbiz.de/10011148812
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Changes in the firms behavior after the opening of an allowance market.
Mandel, Antoine - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2007
This paper focuses on the influence of the influence of the opening of a market of allowances, such as the European Union Emission Trading Scheme, on the general equilibrium of an economy. Assuming there existed an equilibrium before the opening of this new market, we describe the changes in the...
Persistent link: https://www.econbiz.de/10005510601
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An index formula for production economies with externalities.
Mandel, Antoine - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2007
In this paper we prove an index formula for production economies with externalities. We allow for non-convexities in the production sector and set the firms behavior according to general pricing rules. We derive as corollaries existence of a general equilibrium in such a setting.
Persistent link: https://www.econbiz.de/10005510613
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Market Distortions and Local Indeterminacy: A General Approach
Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - Institute for the Study of Labor (IZA) - 2011
We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations. Most of the specific market imperfections considered in the related literature are particular cases of our framework. Comparing them we obtain several equivalence results in terms...
Persistent link: https://www.econbiz.de/10008922965
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Evaluating Alternatives to GDP as Measures of Social Welfare/Progress
Bergh, Jeroen van den; Antal, Miklós - WWWforEurope - 2014
Proposed alternatives to GDP as a measure of social welfare or human progress are briefly evaluated. Four main categories are considered, namely ISEW and GPI based on corrections of GDP, sustainable or green(ed) GDP, genuine savings/investments and composite indexes. All these alternatives turn...
Persistent link: https://www.econbiz.de/10010752446
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Congestion Tolling with Agglomeration Externalities
Arnott, Richard - Department of Economics, Boston College - 2007
Consider an urban economy with two types of externalities, negative traffic congestion externalities and positive agglomeration externalities deriving from non-market interaction. Suppose that urban travel can be tolled, that non-market interaction cannot be subsidized, and that non-market...
Persistent link: https://www.econbiz.de/10005074144
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Prices and Pareto Optima
Flam, Sjur; Jourani, A. - Nationalekonomiska Institutionen, Ekonomihögskolan - 2006
We provide necessary conditions for Pareto optimum in economies where tastes or technologies may be nonconvex, nonsmooth, and affected by externalities. Firms can pursue own objectives, much like the consumers. Infinite-dimensional commodity spaces are accommodated. Public goods and material...
Persistent link: https://www.econbiz.de/10005645125