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Christiaans, Thomas; Eichner, Thomas; Pethig, Rüdiger - 2005

Based on economic methodology we model an ecosystem with two species in predator-prey relationship: mice feed on grain and grain feeds on a resource. With optimizing behavior of individual organismus a short-run ecosystem equilibrium is defined and characterized that depends on the farmer's use...

Persistent link: https://www.econbiz.de/10010271494

EU-type carbon emissions trade and the distributional impact of overlapping emissions taxes

Eichner, Thomas; Pethig, Rüdiger - 2009

The European Union fulfills its emissions reductions commitments by means of an emissions trading scheme covering some part of each member state's economy and by national emissions control in the rest of their economies. The member states also levy energy/emissions taxes overlapping with the...

Persistent link: https://www.econbiz.de/10010271496

Measuring inequality using censored data: a multiple imputation approach

Jenkins, Stephen P.; Burkhauser, Richard V.; Feng, … - 2009

To measure income inequality with right censored (topcoded) data, we propose multiple imputation for censored observations using draws from Generalized Beta of the Second Kind distributions to provide partially synthetic datasets analyzed using complete data methods. Estimation and inference...

Persistent link: https://www.econbiz.de/10010271567

Subsidies, knapsack auctions and Dantzig's greedy heuristic

Ensthaler, Ludwig; Giebe, Thomas - 2009

A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...

Persistent link: https://www.econbiz.de/10010271568

Environmental damage and price taking behaviour by firms and consumers

Houba, Harold; Kremers, Hans - 2009

Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coefficients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, profit and...

Persistent link: https://www.econbiz.de/10010271573

Noncompliance and the effects of the minimum wage on hours and welfare in competitive labor markets

Danziger, Leif - 2009

This paper shows that increases in the minimum wage rate can have ambiguous effects on the working hours and welfare of employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation and instead pay a lower subminimum wage rate. If...

Persistent link: https://www.econbiz.de/10010271577

Fairness und ihr Preis

Schneider, Andrea; Zimmermann, Klaus W. - 2010

Based on the premise that fairness is different from equity and that it is primarily used in informal contexts we present an economic approach to fairness. Discussing the results of behavioral economics reveals the experience that people do not accept a monetary offer even if that collides with...

Persistent link: https://www.econbiz.de/10010271587

Safety-first portfolio optimization: Fixed versus random target

Singer, Nico - 2010

Safety-first portfolio optimization is concerned with maximizing the expected portfolio return subject to a safety-first constraint, which is defined as the probability of failing to achieve a specified target. Commonly the target is assumed to be fixed, which, however, leads to significant...

Persistent link: https://www.econbiz.de/10010271591

A theory of migration as a response to occupational stigma

Stark, Oded; Fan, C. Simon - 2009

Drawing on the literature of occupational status and social distance, a theory is developed of labor migration that is … extended from a closed, single economy to an open economy setting in a world that consists of two countries or two regions. It … Theorie zur Migration von Arbeitskraft, die den Wunsch des Einzelnen mit einbezieht, eine Abwertung des sozialen Status zu …

Persistent link: https://www.econbiz.de/10010271615

Casting the naturalization of asylum seekers as an economic problem

Stark, Oded - 2010

The naturalization of asylum seekers is modeled as an economic problem. In choosing their level of investment in host-country-specific human capital, asylum seekers take into consideration the probability of their being naturalized. The government of the host country chooses the probability of...

Persistent link: https://www.econbiz.de/10010271618