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On the future of environmental economics

Pethig, Rüdiger - 1999

concepts (externality theory) and their ramifications then turning to issues of interdisciplinarity and empirical relevance to …

Persistent link: https://www.econbiz.de/10011525688

Optimal pollution control, irreversibilities, and the value of future information

Pethig, Rüdiger - 1990

Optimal intertemporal pollution control with irreversibilities is investigated under conditions of certainty and uncertainty. When the assimilative capacity is positive, irreversible pollution levels are shown to be optimal only if the social time preference is sufficiently high. The...

Persistent link: https://www.econbiz.de/10011613428

Adverse Rybczynski effects generated from scale diseconomies

Pfingsten, Andreas; Wolff, Reiner - 1993

We discuss general equilibrium effects of endowment changes in a small open and competitive economy with scale diseconomies. We argue that adverse Rybczynski effects may be observed when inputs are both superior and gross substitutes in the aggregate. The analysis is based on cost functions and...

Persistent link: https://www.econbiz.de/10011615385

A general theory of price and quantity aggregation and welfare measurement

Hillinger, Claude - 2002

The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates … topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common … the theory lead to Törnqvist indexes defined on the appropriate data set. A numerical example confirms that in the non …

Persistent link: https://www.econbiz.de/10001728805

Measuring the social discount rate under uncertainty : a methodology and application

Ahsan, Syed M.; Tsigaris, Panagiotis - 2002

Persistent link: https://www.econbiz.de/10001737580

Inflation and wealth distribution

Heer, Burkhard; Süssmuth, Bernd - 2003

The effect of a permanent change of inflation on the distribution of wealth is analyzed in a general equilibrium OLG model that is calibrated with regard to the characteristics of the US economy. Poor agents accumulate savings predominantly in the form of money, while rich agents participate in...

Persistent link: https://www.econbiz.de/10001737586

Venture cycles : theory and evidence

Gehrig, Thomas; Stenbacka, Rune - 2003

We demonstrate how endogenous information acquisition in venture capital markets creates investment cycles when competing financiers undertake their screening decisions in an uncoordinated way, thereby highlighting the role of intertemporal screening externalities induced by competition among...

Persistent link: https://www.econbiz.de/10001739590

Are different-currency assets imperfect substitutes?

Evans, Martin D. D.; Lyons, Richard K. - 2003

This paper provides a new test for whether different-currency assets are imperfect substitutes. The test exploits that under floating rates, changing public currency demand has no direct effect on monetary fundamentals, current or future. Price effects from imperfect substitutability are clearly...

Persistent link: https://www.econbiz.de/10001775073

How equal are educational opportunities? : Family background and student achievement in Europe and the US

Woessmann, Ludger - 2004

Persistent link: https://www.econbiz.de/10002047388

Fair wages and human capital accumulation in a global economy

Kreickemeier, Udo - 2004

This paper analyzes trade in an asymmetric 2×2×2 world, where the two countries, labelled America and Europe, differ in their attitudes towards wage inequality. In both America and Europe, fair wage considerations compress differentials between the wages for skilled and unskilled workers,...

Persistent link: https://www.econbiz.de/10002058315