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The effects of land redistribution : evidence from the French Revolution
Finley, Theresa; Franck, Raphaël; Johnson, Noel D. - 2020
This study exploits the confiscation and auctioning off of Church property that occurred during the French Revolution … auction process. We also show how the benefits associated with the head-start given to districts with more Church land …
Persistent link: https://www.econbiz.de/10012299758
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Sacrifice, discounting and climate policy : five questions
Karp, Larry S. - 2009
I offer a selective review of discounting and climate policy. Analytic and numerical models show that different assumptions greatly change the degree to which decisions about climate policy depend on the discount rate. I discuss a claim that standard models exaggerate the current generation's...
Persistent link: https://www.econbiz.de/10003872837
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A risk allocation approach to optimal exchange rate policy
Mundaca, B. Gabriela (contributor); Strand, Jon (contributor) - 2004
We derive the optimal exchange rate policy for a small open economy subject to terms-oftrade shocks. Firm owners and workers are risk averse but workers more so. Wages are given or partially indexed in the short run, and capital markets are imperfect. The government sets the exchange rate to...
Persistent link: https://www.econbiz.de/10002524066
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Tradable emission permits in a federal system
Verbon, Harrie (contributor); Withagen, Cees (contributor) - 2005
different institutional arrangements, through the initial allocation of permits. …
Persistent link: https://www.econbiz.de/10003109979
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Unbalanced financial globalization
Capelle, Damien; Pellegrino, Bruno - 2023
capital allocation, a 2.8% lower world GDP, a 12% rise in the cross-country dispersion of GDP per capita, lower wages in … opposite effects: significant improvements in capital allocation efficiency and lower cross-country inequality, higher wages in …
Persistent link: https://www.econbiz.de/10014340224
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Growing groups, cooperation, and the rate of entry
Ranehill, Eva; Schneider, Frédéric; Weber, Roberto A. - 2014
We study the stability of voluntary cooperation in response to varying rates at which a group grows. Using a laboratory public-good game with voluntary contributions and economies of scale, we construct a situation in which expanding a group's size yields potential efficiency gains, but only if...
Persistent link: https://www.econbiz.de/10010260008
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Carbon Leakage and capacity-based allocations : is the EU right?
Meunier, Guy; Ponssard, Jean-Pierre; Quirion, Philippe - 2012
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 …, using cement as a case study. -- cap and trade ; output based allocation ; subsidization of capacity ; climate policy …
Persistent link: https://www.econbiz.de/10009687241
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Dispatching after producing : the supply of non-renewable resources
Daubanes, Julien; Lasserre, Pierre - 2014
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regression-based forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate...
Persistent link: https://www.econbiz.de/10010428759
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On the private provision of contentious public characteristics
Cornes, Richard; Rübbelke, Dirk T. G. - 2012
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 noncooperative equilibrium is retained, and...
Persistent link: https://www.econbiz.de/10009571064
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Think locally, act locally : spillovers, spillbacks, and efficient decentralized policymaking
Ogawa, Hikaru (contributor); Wildasin, David E. (contributor) - 2007
Persistent link: https://www.econbiz.de/10003623962