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The Optimal Babel - An Economic Framework for the Analysis of Dynamic Language Rights
Wickström, Bengt-Arne - CESifo - 2010
We analyze various normatively determined distributions of language rights in multilingual settings. A general model for the analysis of language rights over time in a model with overlapping generations is set up. This model is then first used to find efficient allocations of rights in the...
Persistent link: https://www.econbiz.de/10008572524
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An Interview with Paul A. Samuelson
Barnett, William - Department of Economics, University of Kansas - 2004
) that it could be particularly difficult to identify those areas of modern economic theory to which he has not made seminal … theory, which has since become legendary. An unconfirmed anecdote has it that at the end of Samuelson's dissertation defense … be listed here? being among the most prolific writers in economics. Samuelson's signature method of economic theory …
Persistent link: https://www.econbiz.de/10005115543
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Who Benefits from a Better Education Environment?
Kitagawa, Akiomi; Horii, Ryo; Futagami, Koichi - Graduate School of Economics, Osaka University - 2004
Using an overlapping generations model, this note shows that an improvement in the efficiency of human capital production decreases the net income of the young household while increasing that of the old. Without compensating redistribution, it deteriorates lifetime utilities of all generations...
Persistent link: https://www.econbiz.de/10005828388
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A Single-Mindedness model with n generations
Emanuele, Canegrati - Volkswirtschaftliche Fakultät, … - 2007
In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I …
Persistent link: https://www.econbiz.de/10005835397
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Money, Tobin Effect, and Incerasing Returns
Basci, Erdem; Erdogan, Ayse M.; Saglam, Ismail - Volkswirtschaftliche Fakultät, … - 2006
This paper shows that unregulated decentralized equilibrium is viable under increasing returns technologies in an overlapping generations model of production with cash-in-advance constraints. We also demonstrate that the model exhibits both the Tobin effect and the reverse Tobin effect.
Persistent link: https://www.econbiz.de/10005836089
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Agrarian Structure and Endogenous Financial System Development
Vollrath, Dietrich - Volkswirtschaftliche Fakultät, … - 2008
by inequality in the distribution of land. To accommodate these empirical findings, a theory is developed that highlights … the incentives of landowners to oppose competition in the financial sector. The theory provides an explanation for the co …
Persistent link: https://www.econbiz.de/10005836624
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On the optimal size of Social Security in the presence of a stock market
Hillebrand, Marten - In: Journal of Mathematical Economics 48 (2012) 1, pp. 26-38
The paper develops a stylized overlapping generations economy with random production and a stock market. The impact of a Social Security system on production, asset markets, and consumer welfare is analyzed. It is shown that any reduction in the contribution rate fosters capital accumulation and...
Persistent link: https://www.econbiz.de/10010599630
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Debt Policy in a Competitive Two-Sector Overlapping Generations Model
Sen, Partha - Centre for Development Economics, Delhi School of Economics - 2005
We analyse debt policy in a two-period, two-sector overlapping generations model with Leontief technologies. We find that debt, issued to transfer resources to the initially old, could be welfare improving in the new steady state for an economy which satisfies the usual conditions for dynamic...
Persistent link: https://www.econbiz.de/10005418913
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The Tragedy of Annuitization
Heijdra, Ben J.; Mierau, Jochen O.; Reijnders, Laurie S. M. - CESifo - 2010
We construct a tractable discrete-time overlapping generations model of a closed economy and use it to study government redistribution of accidental bequests and private annuities in general equilibrium. Individuals face longevity risk as there is a positive probability of passing away before...
Persistent link: https://www.econbiz.de/10008511614
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Reconstructing the Quantity Theory (I)
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2011
The quantity theory is disjunct to the hard core of general equilibrium theory. It does not relate to the formal … cannot be derived. The present paper leaves the standard axioms aside and reconstructs the quantity theory from entirely new …
Persistent link: https://www.econbiz.de/10009203609