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This article provides a review of recent literature in economics on the effect of mass media on politics. The focus is on the welfare effects of mass media. I also discuss the likely implications of existing behavioral theories of media effects, developed outside of economics.
Persistent link: https://www.econbiz.de/10011168894
Conventional wisdom holds that protectionism is counter-cyclic; tariffs, quotas and the like grow during recessions. While that may have been a valid description of the data before the Second World War, it is no longer accurate. In the post-war era, protectionism has not actually moved...
Persistent link: https://www.econbiz.de/10011083599
We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment … and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create … dynamic, heterogeneous firms model we show that: (i) investment and entry into export markets is reduced when trade policy is …
Persistent link: https://www.econbiz.de/10011083993
This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with five scenarios in which Greenhouse Gases emissions are taxed, at different levels. The elasticity of China’s emissions is...
Persistent link: https://www.econbiz.de/10011084331
links between these economic relationships and immigration policy. It concludes with an explanation for the apparent … difference in immigration's impact in the two global centuries, and thus on policy. …
Persistent link: https://www.econbiz.de/10005656429
The US decision not to ratify the Kyoto Protocol and the recent outcomes of the Bonn and Marrakech Conferences of the Parties drastically reduces the effectiveness of the Kyoto Protocol in controlling GHG emissions. The reason is not only the reduced emission abatement in the US, but also the...
Persistent link: https://www.econbiz.de/10005661540
and search-matching models. For that, we study a policy that consists in decreasing the urban unemployment benefit. In an …
Persistent link: https://www.econbiz.de/10005661672
, participation and optimal policy should be jointly analysed. Moreover, our results show that the US, Russia and China have different …
Persistent link: https://www.econbiz.de/10005661962
unemployed is particularly costly, this policy provides insurance equivalent to that provided by the current system. By reducing …
Persistent link: https://www.econbiz.de/10005662357
This Paper provides a first applied game theory analysis of a technology-based climate protocol by assessing: (i) the self-enforcement (namely, the absence of incentives to free ride) of the coalition that would form when countries negotiate on climate-related technological cooperation; (ii) the...
Persistent link: https://www.econbiz.de/10005791506