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Recent efforts to endogenize technological change in climate policy models demonstrate the importance of accounting for the opportunity cost of climate R&D investments. Because the social returns to R&D investments are typically higher than the social returns to other types of investment, any...
Persistent link: https://www.econbiz.de/10012463226
Numerous recent studies have indicated that interactions with a tax-distorted labor market increase the cost of pollution regulation. However, these studies have made restrictive assumptions regarding individual preferences and have ignored key links between pollution, human health, and labor...
Persistent link: https://www.econbiz.de/10012470669
We examine the role of consumption externalities in the demand for pharmaceuticals at both the brand level and over a … equations describing the dynamic adjustment process. We find that consumption externalities influence both valuations and rates …
Persistent link: https://www.econbiz.de/10012470978
capital gain position of the fund. This paper's simulations show that these externalities are important determinants of the …
Persistent link: https://www.econbiz.de/10012471098
externalities', an increase in the size of the market brings forth additional products valued by others with similar tastes. But who … benefits whom? We examine the patterns of and mechanisms for preference externalities between black and white and between … preference externalities are large and positive within groups, they are small and possibly negative across groups. For example …
Persistent link: https://www.econbiz.de/10012471394
This paper discusses the environmental externalities that are commonly found in the developing world (the environmental …
Persistent link: https://www.econbiz.de/10012471479
A common feature of federal systems is that tax bases are joint property. Consequently, state and federal tax setting decisions are interdependent. Our aim here is to put forward a rudimentary theoretical analysis of this phenomenon, and to use the theory as a framework for econometrically...
Persistent link: https://www.econbiz.de/10012471813
externalities on other states in that the effects of the apportionment formula on aggregate employment is zero. Every job gained …
Persistent link: https://www.econbiz.de/10012472197
This paper revisits the evidence on the impact of unilateral divorce laws on divorce rates in the United States. Most states switched from requiring mutual consent to allowing unilateral or no-fault divorce between 1970 and 1985, while the national divorce rate more than doubled after 1965....
Persistent link: https://www.econbiz.de/10012472410
This paper builds two simple general equilibrium models to demonstrate the equivalence between the Pigovian tax and the combination of a presumptive tax and an environmental subsidy. A presumptive tax is a tax that is imposed under the presumption that all production uses a dirty technology or...
Persistent link: https://www.econbiz.de/10012472825