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New estimates of the elasticity of substitution of land for capital

Ahlfeldt, Gabriel M.; McMillen, Daniel P. - 2014

We reconcile conflicting evidence on the magnitude of the elasticity of substitution of land for capital, which is a key determinant of the relationship between the price of land and the density of land use. We first compare the performance of classic estimation approaches with a new estimation...

Persistent link: https://www.econbiz.de/10011504420

The sources of sharing externalities : specialization vs competition

Bucci, Alberto; Ushchev, Philip - 2014

In this paper, we undertake an in-depth inquiry into the nature of sharing externalities, and study how they affect the market outcome. We show that the key thing for understanding sharing externalities is the interplay between two forces: the specialization/complexity effect, on the one hand,...

Persistent link: https://www.econbiz.de/10011476403

Oligopolistic vs. monopolistic competition : do intersectoral effects matter?

Aspremont, Claude d'; Dos Santos Ferreira, Rodolphe - In: Economic theory : official journal of the Society for … 62 (2016) 1/2, pp. 299-324

Persistent link: https://www.econbiz.de/10011554276

CES 2014

Song, Shunfeng - In: China economic review : an international journal 36 (2015), pp. 323-324

Persistent link: https://www.econbiz.de/10011565069

Competition and substitution between public transport modes

Fearnley, Nils; Currie, Graham; Flügel, Stefan; … - In: Research in transportation economics 69 (2018), pp. 51-58

Persistent link: https://www.econbiz.de/10012026572

Measuring lost recreational benefits in Fukushima due to harmful rumors using a Poisson-inverse Gaussian regression

Nohara, Katsuhito; Narukawa, Masaki - 2015

The 2011 Great East Japan Earthquake hereafter, 'the Earthquake' and the accident involving radiation leakage at Tokyo Electric Power Company fs Fukushima Nuclear Power Plant No. 1 hereafter, 'NPP No. 1' brought fame to Fukushima Prefecture but not in a positive way. In general, economic damage...

Persistent link: https://www.econbiz.de/10011482386

The complex relationship between leisure, culture and tourism from the perspective of the quality of urban life : European Regional Science Association, 52nd European Congress, Bra...

Psatha, Eva; Deffner, Alex - 2012

selected determining factors. Among the various parameters having been proposed as qol determinants, leisure and culture issues … have only recently found their place, as they had long been neglected. In the 'developed' societies leisure time is …'s well-being. The 'right' to leisure is considered to be a measure for the societal quality, in the terms of personal freedom …

Persistent link: https://www.econbiz.de/10011508124

Heterogeneity in regional consumption due to current income shocks : testing the permanent income hypothesis for German panel data

Mitze, Timo - 2010 - First incomplete version: February 2010

In the light of new theoretical and empirical work on the Permanent Income Hypothesis we tackle earlier findings for German data, which reject its validity given a large fraction of liquidity constrained consumers. Starting from a standard short run approach we do not find evidence for excess...

Persistent link: https://www.econbiz.de/10011575929

A general equilibrium model of earnings, income, and wealth

Glawion, René; Haller, Frédéric; Puche, Marc - 2020

We develop a general equilibrium model of earnings, income and wealth heterogeneity in continuous time. We extend existing analytical and numerical methods to solve the model. We calibrate the model to U.S. data and find that stochastic interest rates provide a mechanism to link earnings, income...

Persistent link: https://www.econbiz.de/10012426925

Resource depletion in a Ramsey economy with subsistence consumption, exogenous technical change and capital depreciation : a full characterization

Antony, Jürgen; Klarl, Torben - 2019

This contribution is concerned with efficient use of a resources if households are characterized by Stone-Geary preferences with a minimum subsistence level of consumption. We provide a closed form solution for the case of Cobb-Douglas production with constant returns to scale in reproducible...

Persistent link: https://www.econbiz.de/10012317029

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