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This paper discusses a novel estimation method for the residential gas demand function in Japan where the price per unit decreases as the demand exceeds certain thresholds. Such a price system is known as decreasing block rate pricing. The demand function under decreasing block rate pricing is...
Persistent link: https://www.econbiz.de/10005465270
This paper incorporates behavioral economics into implementation theory. We use mechanisms that are strictly detail-free. We assume that each agent dislikes telling a white lie when such lying does not serve her/his material interest. We present a permissive result wherein by using just a single...
Persistent link: https://www.econbiz.de/10005465274
We propose a new approach to model costly international trade, which includes the standard approach, the "iceberg" transport cost, as a special case. The key idea is to make the technologies of supplying the good depend on the destination of the good. To demonstrate our approach, we extend the...
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This article deals with the empirical analyses of the growth for the United States and Japan from 1970 to 2005. Following our analysis in "Quantity or Quality: The Impact of Labor-saving Innovation on US and Japanese Growth Rates, 1960-2004" (March 2007), we applied the same method to a...
Persistent link: https://www.econbiz.de/10005465276
Suppose that an economic agent is (1|ƒÃ)~100% certain that uncertainty she faces is characterized by a particular probability measure, but that she has a fear that, with ƒÃ~100% chance, her conviction is completely wrong and she is left perfectly ignorant about the true measure in the...
Persistent link: https://www.econbiz.de/10005465278
This paper considers a tax competition model in which regional government activities include income redistribution as well as public good provision. To incorporate the regional government function of income redistribution, we extend the tax system from the stylized proportional capital income...
Persistent link: https://www.econbiz.de/10005465280