The purpose of this paper is to extend the dynamic resource allocation problem by including stock externalities like accumulated CO2 and SO2 emissions as well as flow externalities like waste of energy or pollutants which can be abated (SO2). The objective is to examine how the evolution of...

Allokations- und Wohlfahrtseffekte der Besteuerung: Die Vorschläge zur Reform der Unternehmensbesteuerung Mit Blick auf den europäischen Binnenmarkt soll die geplante Reform der Unternehmensbesteuerung die Standortbedingungen für Investitionen in der Bundesrepublik verbessern. Ziel der...

Portfolioanalyse und die Konstruktion monetärer Modelle Das Ziel dieses Beitrages ist die Formulierung eines haushaltstheoretisch fundierten Optimierungsmodells zur Herleitung von Angebots- und Nachfragefunktionen für Aktiva und Passiva. Da die Ansätze bei empirischen Untersuchungen erheblich...

The objective of our analysis is to find out whether an increase in working time without pay compensation can be considered an adequate policy to reduce unemployment. From the perspective of economic theory the outcome is in general ambiguous: On the one hand, as the increase in working time...

While there is some hope that the ongoing climate change negotiations will soon come up with concrete, time scheduled and binding emission reduction commitments, the question of how to achieve these targets is still unsolved. The objective of this paper is to analyse alternative settings of an...

Germany has committed itself to reducing its carbon emissions by 25 percent in 2005 as compared to 1990 emission levels. To achieve this goal, the government has recently launched an environmental tax reform which entails a continuous increase in energy taxes in conjunction with a...

Computable general equilibrium (CGE) modeling has provided a number of important insights about the interplay between environmental tax policy and the pre-existing tax system. In this paper, we emphasize that a labor market policy of recycling tax revenues from an environmental tax to lower...