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sector) a tax is the dominant instrument. For moderate policy targets, a subsidy will be superior (inferior) if the initial …
Persistent link: https://www.econbiz.de/10010276549
Ansätze der Investitionsbewertung unter Berücksichtigung von Umweltschutz kombinieren klassische Investitionsrechenverfahren …
Persistent link: https://www.econbiz.de/10010319301
The author analyzes the optimal investment in environmental protection in a model of an infinite series of non-overlapping hyperbolically discounting agents. He shows that without a commitment mechanism society is eventually stuck in a situation where all agents prefer further investment in the...
Persistent link: https://www.econbiz.de/10010298585
In this paper, we extend the well known result that hyperbolically discounting agents tend to postpone costs into the future. In a simple model we show that, without commitment to the ex ante optimal plan, no investment in environmental protection is undertaken over the whole time horizon, no...
Persistent link: https://www.econbiz.de/10011753124
The paper develops a two-region endogenous growth model with climate change affecting the countries' capital stocks negatively. We compare two different policies aimed at supporting less developed countries: climate mitigation by rich countries, which diminishes the increase in stock pollution...
Persistent link: https://www.econbiz.de/10011753230
focus is on the incidence of the subsidy, i.e., we ask how much of the € 2,500 buyer subsidy is captured by the supply … subsidy amount. However, the incidence was heterogeneous across price segments. Subsidized buyers of cheap cars paid more than … comparable buyers who did not receive the subsidy, e.g. for cars of € 12,000 car dealers reaped about 8% of the scrappage prime …
Persistent link: https://www.econbiz.de/10010316840
of the criticisms of the current subsidy system, however, is that it overemphasizes work and does little to encourage … care subsidies for child development. In this paper, we provide a systematic assessment of the impact of subsidy receipt on … relationship between child care subsidies and child development. In particular, our results suggest that subsidy receipt in the …
Persistent link: https://www.econbiz.de/10010269366
Physicians are supposed to serve patients' interests, but some are more inclined to do so than others. This paper studies how the system of health care provision affects the allocation of patients to physicians when physicians differ in altruism. We show that allowing for private provision of...
Persistent link: https://www.econbiz.de/10010325476
Financial distress and market exit play a key role in ensuring an efficient allocation and may also have negative social and economic consequences like loss of employment and output in particular areas, loss of technical knowhow and expertise or disruption to important services. In this context,...
Persistent link: https://www.econbiz.de/10011451719
Persistent link: https://www.econbiz.de/10011696448