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A simple model of optimal sustainable growth

Cazzavillan, Guido; Musu, Ignazio - 1997

This paper presents a simple model of optimal sustainable growth in which the environmental stock enters consumers' preferences and production possibilities depend upon the use of produced physical capital and the use of a flow of productive services provided through the exploitation of the...

Persistent link: https://www.econbiz.de/10011608275

Climate change and event uncertainty in a dynamic model with overlapping generations

Moretto, Michele; Tamborini, Roberto - 1997

In this paper the climate change effect is an unforeseen earth temperature level above which a negative externality on technology and hence on society's welfare is exerted. We use a dynamic overlapping generations model to develop a positive analysis of the growth path of an economy with the...

Persistent link: https://www.econbiz.de/10011608278

The female labour market in Italy: Evidence from regional and sectorial data

Carraro, Carlo; Rettore, Enrico; Schenkel, Marina - 1997

endogenize female workers' participation decision, firms' labour demand and the features of the optimal contracts, i.e. wages and … type of female labour: hours, wages (which together define the contract which is offered by the firm), participation and … type of worker, and hence the wages, are determined for a given product demand. If one type of worker is more efficient …

Persistent link: https://www.econbiz.de/10011608280

The theory of quality regulation and self-regulation: Towards an application to financial markets

Scarpa, Carlo - 1997

In this paper we review and extend the theory of quality regulation and of self-regulation and try to see to what … investors is high and the regulator's uncertainty on the firms' costs is substantial. However, to bridge the gap between theory …

Persistent link: https://www.econbiz.de/10011608282

Resource accounting, sustainable development and well-being

Mäler, Karl-Göran - 1997

There are now quite many publications on the construction of an environmentally adjusted net-national product measure. Most of these publications base the discussion on rather ad hoc constructions of the national accounts. In this paper, I try to develop an accounting framework from basic...

Persistent link: https://www.econbiz.de/10011608283

Production smoothing and the shape of the cost function

Galeotti, Marzio; Guiso, Luigi; Sack, Brian; … - 1997

We present estimates of inventory models based on firm level panel data and investigate whether over-simplified specification of the production technology may account for the frequent failure to find technological incentives to smooth production in the context of the standard linear-quadratic...

Persistent link: https://www.econbiz.de/10011608286

The stability of international environmental coalitions with farsighted countries: Some theoretical observations

Ecchia, Giulio; Mariotti, Marco - 1997

We study a three-country model of international environmental agreements where countries may choose either to limit their emissions or to behave noncooperatively. First, we provide a taxonomy of various kinds of strategic situations. Then, by applying some recently developed game-theoretic...

Persistent link: https://www.econbiz.de/10011608288

Can "Austrian economics" provide a new approach to environmental policy?

Stocker, Ferry - 1997

Whereas 'traditional environmental economics' - considering pervasive 'market failure' in the form of negative externalities as the root cause of the problem of environmental degradation - argues for specific government intervention in the market process via a host of different measures to...

Persistent link: https://www.econbiz.de/10011608289

The influence of information-based initiatives and negotiated environmental agreements on technological change

Ashford, Nicholas Askounes - 1997

Polluting firms must have the willingness, opportunity, and capacity or capability to undertake technological changes to improve their environmental performance. These changes could involve the adoption (diffusion) of already-proven technologies, or require incremental to radical innovation....

Persistent link: https://www.econbiz.de/10011608290

Voluntary agreements in environmental policy: Negotiating emission reductions

Schmelzer, Dirk - 1997

Voluntary agreements are an important environmental policy instrument. In the paper some examples are discussed and the structure and mechanisms of voluntary agreements are analyzed using a strategic game approach. In the simple strategic game with only one abatement technology, there is a...

Persistent link: https://www.econbiz.de/10011608291