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Climate agreements: Emission quotas versus technology policies

Golombek, Rolf; Hoel, Michael - 2006

The Kyoto Agreement is the result of international negotiations over many years. However, because of a number of weaknesses, different sorts of climate agreement have been suggested: for example, coordinated R&D activities that reduce abatement costs for all firms. We will compare an agreement...

Persistent link: https://www.econbiz.de/10010284491

At last!: An explicit solution for the Ramsey saddle path

Mehlum, Halvor - 2002

I derive an explicit solution for the saddle path in a Ramsey growth model. The existence of a closed form expression greatly simpliÞes the analysis of how the parameters of the utility function affects investments and growth.

Persistent link: https://www.econbiz.de/10010284492

Hydropower economics

Førsund, Finn R. - 2005

The key question in hydropower production is the time pattern of the use of the water in the reservoir. The water used to produce electricity today can alternatively be used tomorrow. The analysis of the operation of hydropower is therefore essentially a dynamic one. The paper introduces some...

Persistent link: https://www.econbiz.de/10010284494

Effects on the trade and non-traded sectors

Leitemo, Kai; Røisland, Øistein - 1999

The paper considers alternative monetary policy regimes within a calibrated macroeconomic model with a traded and a non-traded sector. Two classes of regimes are considered; inflation targeting and exchange rate targeting. When the target variable is completely stabilized, both rules have poor...

Persistent link: https://www.econbiz.de/10010284495

Exact small sample properties of the instrumental variable estimator: A view from a different angle

Mehlum, Halvor - 2004

I derive the exact small sample properties of the instrumental variables estimator using a trigonometric approach. The distribution for the estimation error is decomposed into a product of three components - each with an intuitive interpretation. This approach helps the discussion on what...

Persistent link: https://www.econbiz.de/10010284497

Tax distortions, household production and black-market work

Strand, Jon - 2000

whenever such services are demanded by high-productivity workers. We find that when the tax rate is either in an intermediate … the tax rate is in between these ranges. …

Persistent link: https://www.econbiz.de/10010284499

Fair tax evasion

Barth, Erling; Cappelen, Alexander W.; Ognedal, Tone - 2006

whether or not people believe tax evasion can be justified and their willingness to engage in tax evasion. Using data from the … treated unfairly by most tax systems, have a higher probability of justifying tax evasion. The same individuals are also more … willing to take home income without reporting it to the tax authorities. These results are consistent with a model in which …

Persistent link: https://www.econbiz.de/10010284504

Globalisation, inequality and redistribution

Bjorvatn, Kjetil; Tungodden, Bertil - 2004

The present paper seeks to explain the pattern of income redistribution in a globalised world of increased market income inequality and lower costs of factor mobility. In some countries, larger market income inequality has been met by an increased redistributive effort, thus keeping the...

Persistent link: https://www.econbiz.de/10010284506

Innovating firms and aggregate innovation

Klette, Tor Jakob; Kortum, Samuel - 2002

We develop a parsimonious model of innovating firms rich enough to confront firm-level evidence. It captures the dynamic behavior of individual heterogeneous firms, describes the evolution of an industry with simultaneous entry and exit, and delivers a general equilibrium model of technological...

Persistent link: https://www.econbiz.de/10010284510

Globalization and the human development trap

Mayer-Foulkes, David - 2007

The feeble results of liberalization policies in Latin America are explained in terms of a multiple steady state model including a dynamic human development trap, endogenous technological change, technology transfer and trade. Divergent and convergent steady states, with and without a human...

Persistent link: https://www.econbiz.de/10010284513