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The welfare effects of asset means-testing income support
Wellschmied, Felix - 2015
This paper quantitatively determines the asset limit in income support programs which minimizes consumption volatility in a lifecycle model with incomplete markets and idiosyncratic earnings risk. An asset limit allows allocating transfers to those households with the highest utility gains from...
Persistent link: https://www.econbiz.de/10010479004
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The welfare effects of asset mean-testing income support
Wellschmied, Felix - In: Quantitative economics : QE ; journal of the … 12 (2021) 1, pp. 217-249
This paper studies the savings and employment effects of the asset means-test in US income support programs using a structural life-cycle model with productivity, disability, and unemployment risk. An asset means-test incentivizes low-income households to hold few financial assets making them...
Persistent link: https://www.econbiz.de/10012432849
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Mirage on the horizon : geoengineering and carbon taxation without commitment
Acemoglu, Daron; Rafey, Will - 2018
We show that, in a model without commitment to future policies, geoengineering breakthroughs can have adverse environmental and welfare effects because they change the (equilibrium) carbon taxes. In our model, energy producers emit carbon, which creates a negative environmental externality, and...
Persistent link: https://www.econbiz.de/10011820231
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Incomplete environmental regulation, imperfect competition, and emissions leakage
Fowlie, Meredith - 2008
Persistent link: https://www.econbiz.de/10003773077
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Incomplete environmental regulation, imperfect competition, and emissions leakage
Fowlie, Meredith - In: American economic journal : a journal of the American … 1 (2009) 2, pp. 72-112
Persistent link: https://www.econbiz.de/10003892881
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Incomplete Environmental Regulation, Imperfect Competition, and Emissions Leakage
Fowlie, Meredith - 2008
For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often … incomplete: regulations apply to only a subset of facilities contributing to a pollution problem. Policymakers are increasingly …. In a straightforward application of the theory of the second best, I show that incomplete regulation can welfare dominate …
Persistent link: https://www.econbiz.de/10012769643
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Incomplete Environmental Regulation, Imperfect Competition, and Emissions Leakage
Fowlie, Meredith - 2008
For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often … incomplete: regulations apply to only a subset of facilities contributing to a pollution problem. Policymakers are increasingly …. In a straightforward application of the theory of the second best, I show that incomplete regulation can welfare dominate …
Persistent link: https://www.econbiz.de/10012464226
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Public Investment as Commitment
Gerlagh, Reyer - 2013
Should public assets such as infrastructure, education, and the environment earn the same return as private investments? We consider if time-inconsistent decision-makers can gain from institutions that enforce cost-benefit rules on large projects that influence the economy as a whole. Long-term...
Persistent link: https://www.econbiz.de/10013093884
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Modeling the Welfare Effects of Advertising : Preference-Shifting Deadweight Loss
Seto, Theodore P. - 2021
This paper explores one of normative economic theory’s most nagging omissions: its failure to model the welfare effects … theory: that taxes produce deadweight loss …
Persistent link: https://www.econbiz.de/10013211593
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Measuring Welfare and Spillover Effects of Ranking Information
Zou, Wenbo; Gao, Wenzheng - 2021
Ranking information is often provided to improve task performance, yet its welfare and spillover effects are rarely measured. We measure these effects in a controlled laboratory experiment, in which participants conduct a simple cognitive task and report their willingness-to-pay (WTP) to receive...
Persistent link: https://www.econbiz.de/10013211798