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Status preferences and optimal corrective taxes: A note
Beckmann, Klaus; Gattke, Susan - 2008
We take issue with the argument expounded, among others, by Layard (2006, Economic Journal) that status-seeking preferences justify heavier taxation of income because this serves to internalise the negative externality that the pursuit of status imposes on others. In a model where status depends...
Persistent link: https://www.econbiz.de/10010270403
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Budget deficit, size of the public sector and majority voting
Siebel, Jens - 2005
In this paper Tabellini's and Alesina's (1990) median voter model for the explanation of budget deficits is modified by endogenizing the private sector. Debt finance is supplemented by taxing a private consumption which serves as an additional source of revenue for funding the public sector. The...
Persistent link: https://www.econbiz.de/10010270404
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Maximal Arbitrage
Schürger, Klaus - 2002
Let S=(S_t), t=0,1,...,T (T being finite), be an adapted R^d-valued process. Each component process of S might be interpreted as the price process of a certain security. A trading strategy H=(H_t), t= 1,...,T, is a predictable R^d-valued process. A strategy H is called extreme if it represents a...
Persistent link: https://www.econbiz.de/10010270405
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A neo-darwinian foundation of evolutionary economics: With an application to the theory of the firm
Rahmeyer, Fritz - 2010
theory of innovation and later - based on Penrose - to resource-based theories of the firm. In this the dynamic process of … theory of the firm. …
Persistent link: https://www.econbiz.de/10010270409
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Modelling the folk theorem of spatial economics: A heterogeneous regional growth model
Klarl, Torben - 2009
. Knowledge spillovers, which are non constant over space, should influence the evolution of the region specific productivity. The … distribution of per capita productivity are closely linked. Thus, the aim of this paper is, to introduce a spatial regional growth … model, which links first time knowledge spillover, agglomeration, distribution of per capita productivity and the grasp of …
Persistent link: https://www.econbiz.de/10010270410
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Firm heterogeneity, credit constraints, and endogenous growth
Klarl, Torben; Maußner, Alfred - 2010
firm heterogeneity. It allows for an explicit solution for transitional growth and balanced growth path productivity as …
Persistent link: https://www.econbiz.de/10010270411
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A Note on Kalman Filter Approach To Solution of Rational Expectations Models
Sorge, Marco M. - 2010
In this note, a class of nonlinear dynamic models under rational expectations is studied. A particular solution is found using a model reference adaptive technique via an extended Kalman filtering algorithm, for which initial conditions knowledge only is required.
Persistent link: https://www.econbiz.de/10010270416
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Uncertain Demand, Consumer Loss Aversion, and Flat-Rate Tariffs
Herweg, Fabian - 2010
The so called flat-rate bias is a well documented phenomenon caused by consumers' desire to be insured against fluctuations in their billing amounts. This paper shows that expectation-based loss aversion provides a formal explanation for this bias. We solve for the optimal two-part tariff when...
Persistent link: https://www.econbiz.de/10010270418
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Market Structure and Matching with Contracts
Westkamp, Alexander - 2010
Ostrovsky [10] develops a theory of stability for a model of matching in exogenously given networks. For this model a …
Persistent link: https://www.econbiz.de/10010270419
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Price Discrimination in Input Markets: Downstream Entry and Welfare
Herweg, Fabian; Müller, Daniel - 2010
The extant theory on price discrimination in input markets takes the structure of the intermediate industry as …
Persistent link: https://www.econbiz.de/10010270421