Showing 1 - 10 of 207
joining the IEA set emissions to internalize some exogenously given fraction of the externalities that own emissions cause on …
Persistent link: https://www.econbiz.de/10012623112
well as differences in the importance of knowledge spillovers should be addressed with a detailed consideration of changes …
Persistent link: https://www.econbiz.de/10011332574
The provision of public goods often relies on voluntary contributions and cooperation. While most of the experimental … requiring less provision from their members, do not attract additional members. Substantial efficiency gains occur, however …
Persistent link: https://www.econbiz.de/10010270216
We use an experiment to test the hypothesis that groups consisting of like-minded cooperators are able to cooperate irrespective of punishment and therefore have a lower demand for a costly punishment institution than groups of like-minded free riders, who are unable to cooperate without...
Persistent link: https://www.econbiz.de/10012623173
15 reliable, expectations are lower and both cooperation and efficiency are significantly reduced. When there are costs … interaction. Effective reputation systems can increase trust and may improve efficiency in market settings. In recent years … reduces efficiency. We find that feedback manipulation generally decreases the reliability of average ratings in comparison to …
Persistent link: https://www.econbiz.de/10012623161
The assessment that the implementation of efficient outcomes by means of decentralized spontaneous solutions is to be expected for private goods, but not for public goods has become part of the conventional wisdom of our discipline. This paper uses a mechanism design approach to clarify under...
Persistent link: https://www.econbiz.de/10010270204
We examine how basic research should be financed. While basic research is a public good benefiting innovating entrepreneurs it also affects the entire economy: occupational choices of potential entrepreneurs, wages of workers, dividends to shareholders, and aggregate output. We show that the...
Persistent link: https://www.econbiz.de/10010329310
Student performance differs greatly across countries, but little is known about the role of teacher quality in explaining these differences. New international data from the PIAAC survey of adult skills allow for the first time to quantify teacher skills in numeracy and literacy, providing...
Persistent link: https://www.econbiz.de/10010396688
We look at a model where countries of di fferent size provide local public goods with positive spillovers. Matching …
Persistent link: https://www.econbiz.de/10011301575
This paper analysis the welfare changes arising from a road project, undertaken as a public-private partnership, measured as the variation in utility, using a sequentially dynamic general equilibrium model. To circumvent the budget restriction imposed by the central government, the Azorean...
Persistent link: https://www.econbiz.de/10011397299