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Lindahl Equilibrium and Schweitzer's Open Club Model Semi-Public Goods
ten Raa, Thijs; Gilles, R.P. - Tilburg University, Center for Economic Research - 2003
Limit core allocations are the ones that remain in the core of a replicated economy.An equivalent notion for economies with public goods is Schweizer s concept of club e ciency under a variable number of economic agents.We extend this notion to economies with goods that have a semi-public...
Persistent link: https://www.econbiz.de/10011090319
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The Inefficiency of the Stock Market Equilibrium under Moral Hazard
Wagner, Wolf; Calcagno, R. - Tilburg University, Center for Economic Research - 2003
In this paper we study the constrained efficiency of a stock market equilibrium under moral hazard.We extend a standard ….We show that the market allocation is constrained efficient only if in each firm the entrepreneur who generates payoffs …
Persistent link: https://www.econbiz.de/10011091029
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Governing structural change and externalities in agriculture: toward a normative institutional economics of rural development
Petrick, Martin - Leibniz-Institut für Agrarentwicklung in … - 2004
externalities are therefore recon-structed as coordination rather than allocation problems. A social dilemma is taken as the …
Persistent link: https://www.econbiz.de/10008526818
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Emissions trading, CDM, JI, and more : the climate strategy of the EU.
Klepper, Gernot; Peterson, Sonja - Kiel Institute for the World Economy - 2006
The objective of this paper is to assess the likely allocation effects of the current climate protection strategy as it … is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi …
Persistent link: https://www.econbiz.de/10008520277
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US participation, permit allocation, and hot air supply : [papers presented at 3rd Concerted Action for Tradable Permits (CATEP) Workshop on Global Trading, Institute for World Eco...
Klepper, Gernot; Peterson, Sonja - Kiel Institute for the World Economy - 2002
and especially the oil market. For example the withdrawal of the USA from the Kyoto Protocol and the allocation mechanism …
Persistent link: https://www.econbiz.de/10008610856
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The U.S. Tobacco Buyout: A Partial and General Equilibrium Analysis
Schmitz, Andrew; Haynes, D.J.; Schmitz, Troy G.; … - In: Journal of Agricultural and Applied Economics 45 (2013) 03
This article analyzes the impact of removing the U.S. tobacco program in both a partial and general welfare economics framework. In a partial-equilibrium framework, a consumer taxfunded quota buyout can result in producer gains, consumer losses, net losses resulting from higher prices, and...
Persistent link: https://www.econbiz.de/10010914286
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Jevons's Theory of Political Economy and the 'Marginalist Revolution'
Steedman, Ian - In: The European Journal of the History of Economic Thought 4 (1997) 1, pp. 43-64
Very many statements have been made about the (non-)existence and characterisation of the 'marginal revolution' but it is urged here that detailed study of the relevant texts is far more valuable than the making of grand statements about such matters. In particular, a close reading of Jevons's...
Persistent link: https://www.econbiz.de/10009219759
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The European Unemployment Dilemma.
Ljungqvist, L; Sargent, T-J - Institutet för Näringslivsforskning (IFN) - 1997
Post World War II European welfare states experienced several decades of relatively low unemployment, followed by a plague of persistently high unemployment since the 1980's. We impute the higher unemployment to welfare states' diminished ability to cope with more turbulent economic times, such...
Persistent link: https://www.econbiz.de/10005780376
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Voluntary Environmental Agreements: Lessons on Effectiveness, Efficiency and Spillover Potential
Vries, Frans P. de; Nentjes, Andries; Odam, Neil - In: International Review of Environmental and Resource Economics 6 (2012) 2, pp. 119-152
>realizing</italic> the abatement target. Both static efficiency, in particular the allocation of abatement among participants in the VA, and … efficiency. Effectiveness is evaluated on three criteria: (i) effectiveness in <italic>setting</italic> the pollution abatement … dynamic efficiency, in particular the role of technology and informational spillovers, are evaluated. Finally, we identify …
Persistent link: https://www.econbiz.de/10010990882
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Optimal path for controlling CO2 emissions in China: A perspective of efficiency analysis
Zhou, P.; Sun, Z.R.; Zhou, D.Q. - In: Energy Economics 45 (2014) C, pp. 99-110
This paper examines the optimal control of CO2 emissions from a perspective of efficiency analysis. Several centralized … data envelopment analysis (DEA) models are introduced to study the optimal allocation of CO2 emissions under spatial …, temporal and spatial–temporal allocation strategies, respectively. The models have been used to determine the optimal paths for …
Persistent link: https://www.econbiz.de/10010939435