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Welfare policy in the presence of unionised labour and internationally mobile firms

Rocha-Akis, Silvia; Schöb, Ronnie - 2010

In oligopolistic industries, increased cost saving opportunities via offshoring have a moderating effect on trade unions. In order to discourage mobile firms from leaving the country, unions accept lower sector wages. In effect, the negotiated wage becomes independent of workers' bargaining...

Persistent link: https://www.econbiz.de/10010270554

Tax-Competition with Involuntary Unemployment

Eichner, Thomas; Upmann, Thorsten - 2010

In the present paper we extend the classical tax-competition framework of Zodrow and Mieszkowski (1986) by modelling involuntary unemployment and by allowing for labour taxation as a second source of public funds. For a large class of production functions (including CES), it turns out that tax...

Persistent link: https://www.econbiz.de/10010270557

Taxation and rotation age under stochastic forest stand value

Alvarez, Luis H. R.; Koskela, Erkki - 2004

stochastic and forest owners are either risk neutral or risk averse. In the case of risk-neutral forest owner higher yield tax … for lump-sum tax and for the tax on interest rate earnings, while the cash flow tax is neutral. Under risk aversion the … optimal harvesting threshold is lower and the expected rotation period shorter than under risk neutrality both in the single …

Persistent link: https://www.econbiz.de/10010270560

Tax effects, search unemployment, and the choice of educational type

Alstadsæter, Annette; Kolm, Ann-Sofie; Larsen, Birthe - 2005

This paper examines the effect of taxes on the individuals? choices of educational direction, and thus on the economy's skill composition. A proportional labour income tax induces too many workers with high innate ability to choose an educational type with high consumption value and low effort...

Persistent link: https://www.econbiz.de/10010270561

Measurement Error in Education and Growth Regressions

Portela, Miguel; Alessie, Rob J. M.; Teulings, Coen N. - 2006

The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...

Persistent link: https://www.econbiz.de/10010270563

Experimentally Observed Imitation and Cooperation in Price Competition on the Circle

Selten, Reinhard; Apesteguia, José - 2002

This paper reports an experiment on a location game, the so-called "Price-Competition on the Circle." There are n symmetric firms equidistantly located on a circle. Consumers are uniformly distributed. Each consumer buys one and only one unit from that firm whose price, including the cost of...

Persistent link: https://www.econbiz.de/10010270575

Imitation - Theory and Experimental Evidence

Apesteguia, José; Huck, Steffen; Oechssler, Jörg - 2003

We introduce a generalized theoretical approach to study imitation models and subject the models to rigorous experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to different informational assumptions, not to different...

Persistent link: https://www.econbiz.de/10010270576

Entrepreneurship Capital: A Regional, Organizational, Team, and Individual Phenomenon

Audretsch, David B.; Monsen, Erik - 2007

We review the role entrepreneurship capital in regional economic performance and extend it to explain the economic and entrepreneurial performance of organizations, teams, and individuals. Drawing on entrepreneurship and social capital research, we demonstrate that researchers at different level...

Persistent link: https://www.econbiz.de/10010270587

The process of creative construction: knowledge spillovers, entrepreneurship and economic growth

Agarwal, Rajshree; Audretsch, David B.; Sarkar, MB - 2008

Questioning the underlying assumptions of the process of creative destruction, we conceptualize an alternative process of creative construction that may characterize the dynamics between entrants and incumbents. We discuss the underlying mechanism of knowledge spillover strategic...

Persistent link: https://www.econbiz.de/10010270589

Imitation and the evolution of Walrasian behavior: theoretically fragile but behaviorally robust

Apesteguia, José; Huck, Steffen; Oechssler, Jörg; … - 2008

A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper, we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian...

Persistent link: https://www.econbiz.de/10010270592