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Ramsey pricing revisited : natural monopoly regulation with evaders
Besfamille, Martin; Figueroa, Nicolás; Guzmán, León - 2023
We consider a model featuring a single-product natural monopoly, which faces evaders, i.e., individuals that may not pay the price. By exerting a costly effort, the firm can deter evasion. To maximize the total surplus, a regulator sets the price, the level of deterrence effort, and socially...
Persistent link: https://www.econbiz.de/10014414300
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Understanding the rise of regulation during the progressive era : what role for Austrian economics?
Law, Marc T. - In: Essays in economic & business history : the journal of … 42 (2024) 2, pp. 99-119
regulation. However, the normative implications of Austrian theory regarding the efficiency consequences of regulation are not …In this article I selectively survey the economic history literature on the rise of regulation in America during the … Progressive Era with the goal of identifying how this literature is informed by Austrian economic theory, and how Austrian theory …
Persistent link: https://www.econbiz.de/10015051914
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Structural Reforms and the Benefits of the Enlarged EU Internal Market : Much Achieved and Much to Do
Arnold, Jens; Hoeller, Peter; Morgan, Margaret; … - 2009
High expectations surrounded the two waves of eastward EU enlargement in 2004 and 2007, with the extension of the EU Internal Market being expected to deliver a substantial boost to economic growth in new and old member States alike. Indeed, considerable progress has been made, with existing...
Persistent link: https://www.econbiz.de/10012446958
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Productivity growth across the world, 1991 - 2003
Kim, Sangho; Park, Donghyun; Park, Jong-Ho - 2010
We apply a stochastic frontier production model to data from 53 countries during 1991-2003 to estimate total factor productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that world productivity growth was led by fast-growing...
Persistent link: https://www.econbiz.de/10008658803
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Driving factors of growth in Hungary - a decomposition exercise
Kátay, Gábor; Wolf, Zoltán - 2008
Applications tend to ignore that measured TFP reflects the variation of output that cannot be explained by changes in inputs. Such a change is not necessarily technological, so measured TFP differences across firms are an amalgam of technological, efficiency and other differences in attributes,...
Persistent link: https://www.econbiz.de/10010322437
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International trade and its effects on economic growth in China
Sun, Peng; Heshmati, Almas - 2010
International trade, as a major factor of openness, has made an increasingly significant contribution to economic growth. Chinese international trade has experienced rapid expansion together with its dramatic economic growth which has made the country to target the world as its market. This...
Persistent link: https://www.econbiz.de/10010274572
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Driving factors of growth in Hungary - a decomposition exercise
Kátay, Gábor (contributor); Wolf, Zoltán (contributor) - 2008
Applications tend to ignore that measured TFP reflects the variation of output that cannot be explained by changes in inputs. Such a change is not necessarily technological, so measured TFP differences across firms are an amalgam of technological, efficiency and other differences in attributes,...
Persistent link: https://www.econbiz.de/10003757275
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The importance of skill measurement for growth accounting
Nilsen, Øivind Anti; Raknerud, Arvid; Rybalka, Marina; … - 2010
In a growth accounting context one usually constructs a quality adjusted index of labor services by aggregating over predefined groups of workers, using the groups' relative wage bills as weights. In this article we suggest a method based on decomposing individual predicted wages into a...
Persistent link: https://www.econbiz.de/10003975612
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International trade and its effects on economic growth in China
Sun, Peng; Heshmati, Almas - 2010
International trade, as a major factor of openness, has made an increasingly significant contribution to economic growth. Chinese international trade has experienced rapid expansion together with its dramatic economic growth which has made the country to target the world as its market. This...
Persistent link: https://www.econbiz.de/10008989717
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Productivity Growth Across the World, 1991-2003
Kim, Sangho - 2010
We apply a stochastic frontier production model to data from 53 countries during 1991-2003 to estimate total factor productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that world productivity growth was led by fast-growing...
Persistent link: https://www.econbiz.de/10013137876