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Large international differences in the price of labor can be sustained by differences between workers, or by natural … and policy barriers to worker mobility. We use migrant selection theory and evidence to place lower bounds on the ad ….S. immigrant workers and workers in their 42 home countries. The average price equivalent of migration barriers in this setting …
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In this paper, we develop the game-theoretic electricity market model ElStorM that includes the possibility of strategic electricity storage. We apply the model to the German electricity market and analyze different realistic and counterfactual cases of strategic and non-strategic pumped hydro...
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The purpose of our paper is to briefly assess the role of GDP in measuring growth and welfare or in getting insight into the state of an economy. In this view, we propose a synthetic theoretical and historical review of national accounting, emphasizing the most important ideological...
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