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Non-pecuniary Work Incentive and Labor Supply

Farzin, Y. Hossein; Akao, Ken-Ichi - 2006

into standard labor supply theory, (i) the wage rate under-estimates (over-estimates) the true value of nonwork … differs from standard theory. We also identify conditions under which a greater nonpecuniary work incentive generates a larger …

Persistent link: https://www.econbiz.de/10010312270

Energy Biased Technical Change: A CGE Analysis

Otto, Vincent M.; Löschel, Andreas; Dellink, Rob - 2005

This paper studies energy bias in technical change. For this purpose, we develop a computable general equilibrium model that builds on endogenous growth models. The model explicitly captures links between energy, the rate and direction of technical change, and the economy. We derive the...

Persistent link: https://www.econbiz.de/10010312277

Climate Policy and the Optimal Extraction of High- and Low-Carbon Fossil Fuels

van der Werf, Edwin; Smulders, Sjak - 2007

We study how restricting CO2 emissions affects resource prices and depletion over time. We use a Hotelling-style model with two non-renewable fossil fuels that differ in their carbon content (e.g. coal and natural gas) and in addition are imperfect substitutes in final good production. We show...

Persistent link: https://www.econbiz.de/10010312281

United We Vote

Eguia, Jon X. - 2006

This paper studies the advantages that a coalition of agents obtains by forming a voting bloc to pool their votes and cast them all together. We identify the necessary and sufficient conditions for an agent to benefit from the formation of the voting bloc, both if the agent is a member of the...

Persistent link: https://www.econbiz.de/10010312299

How (not) to Choose Peers in Studying Groups

Gall, Thomas; Amann, Roland - 2006

This paper analyzes social group formation when agents are subject to peer effects within groups increasing human capital and instantaneous utility. When agents are heterogeneous on two dimensions, ability and social skills, and monetary payments are not feasible the model predicts segregation...

Persistent link: https://www.econbiz.de/10010312300

Mitigation Strategies and Costs of Climate Protection: The effects of ETC in the hybrid Model MIND

Lessmann, Kai; Edenhofer, Ottmar; Bauer, Nico - 2005

MIND is a hybrid model incorporating several energy related sectors in an endogenous growth model of the world economy. This model structure allows a better understanding of the linkages between the energy sectors and the macro-economic environment. We perform a sensitivity analysis and...

Persistent link: https://www.econbiz.de/10010312307

A Theory of Strategic Diffusion

Goyal, Sanjeev; Galeotti, Andrea - 2007

The important role of friends, neighbors and colleagues in shaping individual choices has been brought out in a number of studies over the years. The presence of significant 'local' influence in shaping individual behavior suggests that firms, governments and developmental agencies should...

Persistent link: https://www.econbiz.de/10010312315

The WITCH Model. Structure, Baseline, Solutions

Bosetti, Valentina; Massetti, Emanuele; Tavoni, Massimo - 2007

WITCH - World Induced Technical Change Hybrid - is a regionally disaggregated hard-link hybrid global model with a neoclassical optimal growth structure (top-down) and a detailed energy input component (bottom-up). The model endogenously accounts for technological change, both through learning...

Persistent link: https://www.econbiz.de/10010312319

A Solution to Matching with Preferences over Colleagues

Echenique, Federico; Yenmez, Mehmet B. - 2005

We study many-to-one matchings, such as the assignment of students to colleges, where the students have preferences over the other students who would attend the same college. It is well known that the core of this model may be empty, without strong assumptions on agents' preferences. We...

Persistent link: https://www.econbiz.de/10010312324

A Politico-Economic Model of Aging, Technology Adoption and Growth

Prarolo, Giovanni; Lancia, Francesco - 2007

expectancy and educational attainment. This paper provides a positive theory that explains how an economy might evolve when the … innovation policy. The theory focuses on the crucial role played by heterogeneous interests in determining innovation policies … regimes associated with different predictions about life expectancy evolution, educational investment dynamics, and technology …

Persistent link: https://www.econbiz.de/10010312332