Population ageing implies that the large pay-as-you-go social security programs implemented in many OECD economies will run into severe financial problems. By means of a numerical overlapping generations model, this paper investigates the intergenerational welfare effects of a transition to...

New regulation for the EU automobile industry allows dealers to engage in multifranchise operation, a practice that formerly could be prohibited by the producers in this market. We argue that a likely consequence of thsi shift in regulatory regime is increased dealer concentration. This will...

The paper analyses optimal taxation of corporate profits when governments can choose both the rate and the base of the corporation tax, but are constrained to collect a given amount of corporate tax revenue. In a standard two-period model of investment and international mobility of portfolio...

The occurence of agglomerations raises several questions: How come that economic activity is agglomerated instead of evenly spread out across space? What implications do agglomerations have for welfare (earnings, employment, etc.) and economic policy? How do increased globalisation and...

Despite the large degree of plant-specific heterogeneity in turnover patterns recently found in the gross job and worker literature, very little is known about the sources of the heterogeneity in plant level employment policies. The present paper, studies in detail the employment management...

In the optimal tax problem, the maximand is quasi-convex in consumer prices. In such a case, there exists no separating hyperplane between the upper contour set of the maximand and the constraint set. Therefore, the second order properties of optimal tax problems are somewhat non-standard...

The paper explores second degree price discrimination in a multi- dimensional good context.There are two types of consumers with demand describe by a t wo-dimensional vector,a quantity dimension and a service attribute dimension (mode of usage,usage pattern).