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More on Parametric Characterizations of Risk Aversion and Prudence

Eichner, Thomas; Wagener, Andreas - 2001

shown to hold for normally distributed stochastics in Lajeri and Nielsen [Economic Theory 15 (2000), 469-476], cannot be …

Persistent link: https://www.econbiz.de/10010322052

A Microfoundation of Predator-Prey Dynamics

Eichner, Thomas; Pethig, Rüdiger - 2003

Predator-prey relationships account for an important part of all interactions between species. In this paper we provide a microfoundation for such predator-prey relations in a food chain. Basic entities of our analysis are representative organisms of species modelled similar to economic...

Persistent link: https://www.econbiz.de/10010322053

Agriculture, Pesticides and the Ecosystem

Pethig, Rüdiger - 2001

Economists have a good understanding of intra-economic interdependence and a mature methodology of modeling it. Ecologists focus on the complex and sensitive interactions of species in ecosystems. This paper's objective is to suggest a new micro-foundation of ecosystem analysis based on economic...

Persistent link: https://www.econbiz.de/10010322056

Cultural Goods Consumption and Cultural Capital

Pethig, Rüdiger; Cheng, Sao-Wen - 2000

Cultural capital is assumed to benefit all members of society. It is built up by the aggregate consumption of cultural goods and is diminished through depreciation. In the no-policy market economy, consumers tend to ignore the beneficial external effects of their cultural good consumption on the...

Persistent link: https://www.econbiz.de/10010322057

Aging in a Neoclassical Theory of Labor Demand

Christiaans, Thomas - 2003

This paper introduces aging of workers into the neoclassical theory of labor demand. Among other things, it is shown …

Persistent link: https://www.econbiz.de/10010322058

Profit Tax Competition and Formula Apportionment

Pethig, Rüdiger; Wagener, Andreas - 2003

We analyse tax competition with corporate profit taxes in a common market where tax revenues are allocated according to an apportionment formula. As a general rule, tax competition is sharper the higher is the tax elasticity of the apportionment formula which, in turn, depends on the properties...

Persistent link: https://www.econbiz.de/10010322061

Optimal Monetary Policy in an Optimizing Stochastic Dynamic Model with Sticky Prices

Gail, Michael - 2000

Recently macroeconomic researchers have begun studying models of optimal monetary policy within the Real Business Cycle (RBC) framework. A standard RBC model is augmented by New Keynesian elements like sticky prices and monopolistically competitive firms. The monetary authority acts as a social...

Persistent link: https://www.econbiz.de/10010322062

Product Durability, Solid Waste Management and Market Structure

Runkel, Marco - 1999

For a durable consumption good which turns into waste after consumption, the socially optimal durability increases with an increase in the marginal environmental damage. In a laissez-faire equilibrium under perfect competition, producers fail to provide an efficient product design, i.e....

Persistent link: https://www.econbiz.de/10010322063

Altruism and Donations

Cheng, Sao-Wen; Wagener, Andreas - 2000

We examine two types of altruism and their implications for voluntary giving. Philanthropists are altruists who wish to enhance the well-being of others, while individuals with merit-good preferences only wish to further the consumption of certain merit goods by others. Philanthropic donors...

Persistent link: https://www.econbiz.de/10010322064

Fundamentals of Production Theory in International Trade. A Modern Approach Based on Theory of Duality

Bobzin, Hagen - 2002

are dual to each other. To be more concrete, we refer to the theory of international trade, where the factor endowment of … a world production, what is the meaning of the appropriate dual problem? The answer will deal with the national and … world-wide problem of revenue maximization. Moreover, we shall discuss the properties of an optimal commodity price vector …

Persistent link: https://www.econbiz.de/10010322065