Showing 1 - 10 of 2,278
Persistent link: https://www.econbiz.de/10012017835
In many circumstances, a principal, who wants prices to be as low as possible, must contract with agents who would like to charge the monopoly price. This paper compares a Demsetz auction, which awards an exclusive contract to the agent bidding the lowest price (competition for the field) with...
Persistent link: https://www.econbiz.de/10011612861
This paper combines three prototype endogenous growth models, the models with human capital accumulation introduced by Uzawa [1965] and Lucas [1988], variety expansion by Romer [1990], and quality improvements by Aghion and Howitt [1992], in order to investigate how these three engines of growth...
Persistent link: https://www.econbiz.de/10003819993
performance of our mechanism. Finally, we discuss how the mechanism can be applied to award R&D subsidies. …
Persistent link: https://www.econbiz.de/10003848830
Persistent link: https://www.econbiz.de/10011399172
This paper analyzes the possibilities to relieve congestion using rewards instead of taxes, as well as combinations of rewards and taxes. The model considers a Vickrey-ADL model of bottleneck congestion with endogenous scheduling. With inelastic demand, a fine (time-varying) reward is equivalent...
Persistent link: https://www.econbiz.de/10011380921
We present an equilibrium-search model with heterogenous workers whosearch for a job in one of two sectors and who lose part of theirskills during unemployment. We show that an import tariff increasethe wage and the employment prospects in the protected sector. Thisresults in a labor market...
Persistent link: https://www.econbiz.de/10011302149
greenhouse gases within a politically imposed timeconstraint. Investment subsidies can be an important instrument to stimulate … adoption subsidies on the amount of energy savings, taking into account endogeneityand uncertainty of technological progress … ofinvestment subsidies, whereas the effects on long-run effectiveness are ambiguous. …
Persistent link: https://www.econbiz.de/10011333267
damaging subsidies is lacking. Environmentally damaging subsidies are all kinds of direct and indirect subsidies aimed at … article develops a transparent method to determine the environmental impact of indirect government subsidies and derive policy … lessons. This method has been applied to several major subsidies in the Netherlands, namely in agriculture, energy, and …
Persistent link: https://www.econbiz.de/10011335220
Persistent link: https://www.econbiz.de/10009667391