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, and derive a rather tight sufficient condition under which these prices decline over time. An example is provided where … the optimal prices can actually increase over time if the condition is violated. …
Persistent link: https://www.econbiz.de/10005596687
We consider the impact of history on the survival of a monopolist selling single units in discrete time periods, whose …
Persistent link: https://www.econbiz.de/10010746467
Diese Dissertation wurde von Johannes Pfeiffer während seiner Zeit am ifo Institut verfasst. Sie wurde im Dezember 2016 …
Persistent link: https://www.econbiz.de/10011777555
We study the potential of cooperation in global emission abatements with multiple externalities. Using a two-country model without side-payments, we identify the strategic effects under different timing regimes of cooperation. We obtain a positive complementarity effect of long-term cooperation...
Persistent link: https://www.econbiz.de/10009381844
across policy designs, which can be explained with a theory that allows for a mix of strategic and myopic firms, along with …
Persistent link: https://www.econbiz.de/10010702927
The Kyoto Protocol, which came in force in February 2005, allows countries to resort to "supplementary activities" consisting particularly in carbon sequestration in agricultural soils. Existing papers studying the optimal carbon sequestration recognize the importance of the temporality of...
Persistent link: https://www.econbiz.de/10005510634
Total factor productivity (TFP) differs greatly across countries. In this paper, I provide a novel rationalization for these differences. I consider two environments, one in which enforcement is full and the other in which enforcement is limited. In both settings, manufactured goods can be...
Persistent link: https://www.econbiz.de/10012770721
Behavioral (e.g. consumption) patterns of boundedly rational agents can lead these agents into learning dynamics that … preference learning that can inform the construction of alternative notions of dynamic well-being. Based on the assumption that … dynamic instability in preference trajectories. -- Social Learning ; Preference Change ; Welfare ; Human Cognition ; Consumer …
Persistent link: https://www.econbiz.de/10008809600
A planner has Atkinson-CES preference aggregation over individual outcomes and allocates W units of discrete or bounded-continuous resources among N candidate recipients. Conditional on observables, outcomes without allocations and the marginal effects of allocations are heterogeneous across...
Persistent link: https://www.econbiz.de/10012840323
optimal level. This interplay between learning and surplus extraction is crucial to the market outcome and its dynamics. …
Persistent link: https://www.econbiz.de/10010518802