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Abatement innovation in a cournot oligopoly : emission versus output tax incentives
Aoyama, Naoto; Silva, Emilson C. D. - 2016
This study compares energy and emission taxes used to control pollution and provide incentives for the adoption of an advanced abatement technology in a Cournot oligopoly. We examine multistage games where the government may intervene in order to maximize social welfare by setting an...
Persistent link: https://www.econbiz.de/10011540791
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Values for environments with externalities : the average approach
Macho-Stadler, Inés; Pérez-Castrillo, J. David; … - 2016
We propose the "average approach," where the worth of a coalition is a weighted average of its worth for different partitions of the players' set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the equal...
Persistent link: https://www.econbiz.de/10011509414
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General geographical economics model with congestion
Marrewijk, Charles van - 2005
We derive and discuss a general, but simple geographical economics model with congestion, allowing us to explain the economic viability of small and large locations. The model generalizes some previous work and lends itself to analyzing the impact of public policy in terms of infrastructure...
Persistent link: https://www.econbiz.de/10011346464
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Pareto-improving intergenerational transfers
Wigger, Berthold U. - 2000
growth and harm future generations. On the other hand, competitive equilibria are inefficient if externalities sustain long …
Persistent link: https://www.econbiz.de/10009781561
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Does risk sorting explain bubbles?
Kiss, Hubert J.; Kóczy, László Á.; Pintér, Ágnes; … - 2019
A recent stream of experimental economics literature studies the factors that contribute to the emergence of financial bubbles. We consider a setting where participants sorted according to their degree of risk aversion trade in experimental asset markets. We show that risk sorting is able to...
Persistent link: https://www.econbiz.de/10012016397
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Decentralization with porous borders : public production in a federation with tax competition and spillovers
Armbruster, Stephanie; Hintermann, Beat - 2019
externalities in the form of inter-regional capital tax competition and technical externalities in the form of inter … and technical externalities but free-ride on the transfer system. Efficiency can be achieved by introducing a second …
Persistent link: https://www.econbiz.de/10011994863
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Environmental policies in the transportation sector : taxes, subsidies, mandates, restrictions, and investment
Beaudoin, Justin; Chen, Yuan; Heres, David R.; … - 2018
Persistent link: https://www.econbiz.de/10012000040
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The informational value of environmental taxes
Ambec, Stefan; Coria, Jessica - 2019
Persistent link: https://www.econbiz.de/10012098057
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When theory meets practice : can we implement the optimal fiscal federal structure?
Garcia-Milà, Teresa; McGuire, Therese J. - 2019 - Updated version
Persistent link: https://www.econbiz.de/10012102958
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Why markets do not fail : Buchanan on voluntary cooperation and externalities
Maricano, Alain - 2010
During the 1950s and 1960s, many economists were convinced that externalities were a cause of "market failures … economist, James Buchanan, who systematically tried to show that externalities should not be viewed as a problem for market … market mechanisms and private arrangements in presence of externalities. By adopting an historical perspective, we are able …
Persistent link: https://www.econbiz.de/10011603394