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The Role of Innovative Development in Unconventional Hydrocarbon Exploitation in the Context of the Shale Gas Revolution in the USA

Grinets, Irina; Kaznacheev, Peter - 2015

Due to the recent drop in oil prices, there is a strong interest in the influence of the shale revolution on the global supply and demand of hydrocarbon fuels. Consequently, the attention of many economists and industry analysts is drawn to the technological, institutional and regulatory aspects...

Persistent link: https://www.econbiz.de/10014138810

Speculative Growth : Hints from the U.S. Economy

Caballero, Ricardo J.; Farhi, Emmanuel; Hammour, Mohamad L. - 2004

We propose a framework for understanding recurrent historical episodes of vigorous economic expansion accompanied by extreme asset valuations, as exhibited by the U.S. in the 1990s. We interpret this phenomenon as a high-valuation equilibrium with a low effective cost of capital based on...

Persistent link: https://www.econbiz.de/10014100918

Education policy and intergenerational transfers in equilibrium

Abbott, Brant; Gallipoli, Giovanni; Meghir, Costas; … - 2016 - This draft: March 15, 2016

participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor … supply, and consumption/saving decisions. Driven by both altruism and paternalism, parents make inter vivos transfers to … education. We find that the current financial aid system in the U.S. improves welfare, and removing it would reduce GDP by 4 …

Persistent link: https://www.econbiz.de/10011447151

Education policy and intergenerational transfers in equilibrium

Abbott, Brant; Gallipoli, Giovanni; Meghir, Costas; … - 2018 - This draft: May 15, 2018

participation. We build an overlapping generations life cycle model with education, labor supply, and consumption/saving decisions …. Cognitive and non-cognitive skills of children depend on the cognitive skills and education of parents, and affect education … choice and labor market outcomes. Driven by both altruism and paternalism, parents make transfers to their children which can …

Persistent link: https://www.econbiz.de/10011880035

Punish and perish?

Antoci, Angelo; Zarri, Luca - 2011

The evolution of large-scale cooperation among genetic strangers is a fundamental unanswered question in the social sciences. Behavioral economics has persuasively shown that so called "strong reciprocity" plays a key role in accounting for the endogenous enforcement of cooperation. Insofar as...