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The Dependence Structure between Carbon Emission Allowances and Financial Markets - A Copula Analysis

Gronwald, Marc - 2013

Student-t copula. These results contradict some earlier studies that report no statistically significant or even negative … that the estimated copula parameters are not constant over time. We find in particular that the dependence is stronger … of copula methods. In particular the Student-t copula provides an appropriate quantification of VaR at different …

Persistent link: https://www.econbiz.de/10013093522

Do Permit Allocations Matter?

Verbon, Harrie - 2010

of the system, under various institutional arrangements, through the initial allocation of permits …

Persistent link: https://www.econbiz.de/10013136241

Partial Coercion, Conditional Cooperation, and Self-Commitment in Voluntary Contributions to Public Goods

Cettolin, Elena - 2011

In this paper we experimentally investigate whether partial coercion can in combination with conditional cooperation increase contributions to a public good. We are especially interested in the behavior of the non-coerced populations. The main finding is that in our setting conditional...

Persistent link: https://www.econbiz.de/10013120907

Unemployment and Endogenous Reallocation Over the Business Cycle

Carrillo-Tudela, Carlos - 2013

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...

Persistent link: https://www.econbiz.de/10013087720

Finance, Talent Allocation, and Growth

D'Acunto, Francesco - 2018

The growing finance wage premium is related to a modest net reallocation of skilled workers from non-finance sectors into finance in a broad sample of 24 countries over 35 years. The reallocation is higher when the finance wage premium grows faster than the contribution of the financial sector...

Persistent link: https://www.econbiz.de/10012922660

Feldstein Meets George : Land Rent Taxation and Socially Optimal Allocation in Economies with Environmental Externality

Dao, Thang Nguyen - 2018

socially optimal allocation during the transitional phase to the social planner's steady state …

Persistent link: https://www.econbiz.de/10012920116

Testing the Pareto Efficiency of Household Resource Allocations

Apps, Patricia - 2008

inefficiency of a household resource allocation does not however refute the hypothesis that it chooses this resource allocation as … necessary to show that the observed allocation does not represent a second best optimum. For this it will be necessary to show … the allocation does not hold …

Persistent link: https://www.econbiz.de/10012771691

Carbon Leakage and Capactiy-Based Allocations - Is the EU Right?

Meunier, Guy; Ponssard, Jean-Pierre; Quirion, Philippe - 2021

based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best … output and capacity based allocation is proved to be the optimal second best policy. The EU scheme for 2013-2020 is discussed …

Persistent link: https://www.econbiz.de/10013315824

On the Private Provision of Contentious Public Characteristics

Cornes, Richard; Rübbelke, Dirk T. G. - 2021

We extend the standard public good provision model to allow players to either like or dislike the public characteristic. Those who dislike it are able to take actions to reduce its level. We present conditions under which the existence of a unique non-cooperative equilibrium is retained, and...

Persistent link: https://www.econbiz.de/10013315892

Do Cost-Sharing and Entry Deregulation Curb Pharmaceutical Innovation?

Grossmann, Volker - 2011

This paper examines the role of both cost-sharing schemes in health insurance systems and entry regulation for pharmaceutical R&D expenditure, drug prices, aggregate productivity, and income. The analysis suggests that both an increase in the coinsurance rate and stricter price regulations...

Persistent link: https://www.econbiz.de/10013125326