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Shimer, Robert; Smith, Lones - In: Topics in Macroeconomics 1 (2001) 1

Abstract This paper explores the efficiency of decentralized search behavior and matching patterns in a model with ex ante heterogeneity and a constant returns to scale search technology. We show that a linear tax or subsidy on search intensity decentralizes the social optimum. In the absence of...

Persistent link: https://www.econbiz.de/10014588467

Budgetbereinigung zwischen Kollektiv- und Selektivvertrag: ökonomische Aspekte aus wettbewerblicher Sicht / Selective Contracting and Collectively Financed Fund: The Way of Appropr...

Zerth, Jürgen; Daum, Stefanie - In: Jahrbücher für Nationalökonomie und Statistik 232 (2012) 4, pp. 460-481

Summary The extraction of a selective contract from a collectively financed fund needs an appropriate method of adjustment. This is necessary as long as the fund guarantees basic benefits, irrespective of the contractual form of service provision. In this context externalities arise which may...

Persistent link: https://www.econbiz.de/10014609409

Modeling the dynamics of network technology adoption and the role of converters

Sen, Soumya; Jin, Youngmi; Guérin, Roch; Hosanagar, Kartik - 2009

New network technologies constantly seek to displace incumbents. Their success depends on technological superiority, the size of the incumbent's installed base, users' adoption behaviors, and various other factors. The goal of this paper is to develop an understanding of competition between...

Persistent link: https://www.econbiz.de/10009438975

Modeling the Dynamics of Network Technology Adoption and the Role of Converters

Sen, Soumya; Jin, Youngmi; Guérin, Roch A.; Hosanagar, … - 2010

New network technologies constantly seek to displace incumbents. Their success depends on technological superiority, the size of the incumbent’s installed base, users’ adoption behaviors, and various other factors. The goal of this paper is to develop an understanding of competition between...

Persistent link: https://www.econbiz.de/10009439203

A Tale of Two Market Failures: Technology and Environmental Policy

Jaffe, Adam B.; Newell, Richard G.; Stavins, Robert N. - 2004

Market failures associated with environmental pollution interact with market failures associated with the innovation and diffusion of new technologies. These combined market failures provide a strong rationale for a portfolio of public policies that foster emissions reduction as well as the...

Persistent link: https://www.econbiz.de/10009445441

Are Standards Always Protectionist?

Marette, Stephan; Beghin, John C. - 2007

We analyze the effects of a domestic standard that reduces an externality associated with the consumption of the good … can reduce expected damage associated with the externality by incurring a cost that varies by source of origin. Despite … potential protectionism, the standard is useful in correcting the consumption externality in the domestic country. Protectionism …

Persistent link: https://www.econbiz.de/10009445585

Effects of Environmental Regulation on Economic Activity and Pollution in Commercial Agriculture

Sneeringer, Stacy E. - 2009

creates an opportunity to study how environmental regulation affects the location of economic activity, the externality costs …

Persistent link: https://www.econbiz.de/10009445811

Regulating Stock Externalities Under Uncertainty

Newell, Richard G.; Pizer, William A. - 2000

externality continue to be critical determinants of the efficiency of prices relative to quantities, with flatter marginal … externality therefore weighs heavily in favor of price instruments for their control, so long as the optimal control falls short …

Persistent link: https://www.econbiz.de/10009446698

Revisiting the decentralization theorem: on the role of externalities

Koethenbuerger, Marko - 2007

The "Decentralization Theorem" (Oates, 1972) is central to the discussion of fiscal federalism. We revisit the role of consumption spillovers in evaluating the merits of (de)centralization. Unlike the general prediction, a higher degree of spillovers may reduce the difference in utility of...

Persistent link: https://www.econbiz.de/10010264235

Competition as a socially desirable dilemma theory vs. experimental evidence

Engel, Christoph - 2009

Cartels are inherently instable. Each cartelist is best off if it breaks the cartel, while the remaining firms remain loyal. If firms interact only once, if products are homogenous, if firms compete in price, and if marginal cost is constant, theory even predicts that strategic interaction...

Persistent link: https://www.econbiz.de/10010266995