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In this paper the theory of rank-dependent expected utility (RDEU) is substituted for the theory of expected utility (EU) in a model of optimal provision of public goods. The substitution generalizes the Samuelson rule, previously modified to include deadweight loss and tax evasion loss.
Persistent link: https://www.econbiz.de/10005424079
This lecture discusses relationships between environmental and resource qualities and loads, and economic development, theoretically and empirically. We start in section 2 with a list of theoretical arguments that may or may not justify a tendency for environmental quality to first deteriorate,...
Persistent link: https://www.econbiz.de/10005424080
Persistent link: https://www.econbiz.de/10005424081
The main message of this paper is that history matters for total drug use in the society. The simple model that we have explored indentifies spillovers and retchets in drug use that cannot so easily be captured in the theory of rational addiction by Backer and other.
Persistent link: https://www.econbiz.de/10005424082
Many countries are implementing or at least considering policies to counter increasingly certain negative impacts from climate change. An increasing amount of research has been devoted to the analysis of the costs of climate change and its mitigation, as well as to the design of policies, such...
Persistent link: https://www.econbiz.de/10005424083
Persistent link: https://www.econbiz.de/10005424084
Consider a contract between two players, describing the payment an agent obtains from the principal, in exchange for a good or service supplied. At each point in time, either player may unilaterally demand a renegotiation of the contract, involving renegotiation costs for both players....
Persistent link: https://www.econbiz.de/10005424085
A model of strategic investment and trade is incorporated in a politiacl economy framework of the Grossman-Helpman type to study the impacts of foreign direct investment (FDI) on the formulation of trade and industrial policies in the host country.
Persistent link: https://www.econbiz.de/10005424086
This paper contains a critical assessment of the claim that nnp can be used for welfare comparisons. The analysis assumes that national accounts are comprehensive (in particular, “greened” by taking into account environmental amenities and natural resource depletion), but does not assume...
Persistent link: https://www.econbiz.de/10005424087
In recent years, the OECD has measured the structural rate of unemployment by an indicator called the Non-Accelerating Wage Rate of Unemployment. The NAWRU-indicator is an important element in the policy analysis of the OECD. The rise in the estimated NAWRUs is also taken as evidence that Nordic...
Persistent link: https://www.econbiz.de/10005424088