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A 2008 paper investigating the Regulatory Tax (RT) on office development in Britain (Cheshire & Hilber, 2008) provided evidence of very tight restrictions on office space going back at least 50 years. It was also argued that the RT measure tended to underestimate the full costs of restrictive...
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Expansion of the cloud computing market, a major reform in information and communication technology (ICT), has attracted wide attention. From the perspective of companies that need cloud services, if access to cloud spreads is available on rent instead of sales, initial investment cost will...
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We develop a framework for studying how differences in the level and/or dispersion of per-capita income affect trade structure and welfare in a two-country model. Thereby, we embed nonhomothetic preferences into a home-market model with two sectors of production and one input factor. We...
Persistent link: https://www.econbiz.de/10012267500
The upward sloping trend of rents and house prices has initiated a debate on the consequences of surging housing costs for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to investigate the dynamics of wealth inequality and the...
Persistent link: https://www.econbiz.de/10012310716
Implicit in the text-book monopoly is an assumption of complete and instantaneous information or knowledge available to … make an optimal decision of price and output to maximize its profit and realize it. As a result, the text-book monopoly … develop a dynamic monopoly model. In particular, we assume first that the monopolist has only partial information about the …
Persistent link: https://www.econbiz.de/10011505806
Prior studies have shown that while ISPs are well positioned to provide residential and SME users critical protection from cybercrime, their incentives to do so are often insufficient. The presence of competition in providing broadband service is a factor we might expect to impact such...
Persistent link: https://www.econbiz.de/10011526783
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