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This article evaluates the presence of dynamic inconsistency on decisions of discretionary environmental policy, and its incidence on social welfare. It is assumed that an environmental authority minimizes a social welfare loss function controlling freely – on each period – a tax rate by...
Persistent link: https://www.econbiz.de/10010049040
Nowadays the reduction or elimination of waste has become a major environmental concern among industrialized countries and a priority for companies. In this work it is carried out a review of the postulates of the classical economic model, existing until a few dates, in connection with the...
Persistent link: https://www.econbiz.de/10010058664
In October 2002, a substitution reform was introduced in the Swedish pharmaceuticals market. In this paper, the effects of increased price competition due to the reform on the entry of new pharmaceutical products were studied. The results show that the reform did affect the entry behavior of...
Persistent link: https://www.econbiz.de/10009958464
fundamental. SKAT allows for risk effects including those from (a) difficulties of agents in evaluating alternatives in a complex … environment in which the assumed maximization of expected utility is impossible; (b) planning difficulties under uncertainty; and … rate uncertainty matters. SKAT is fundamental for the education of official sector members in order to furnish them with a …
Persistent link: https://www.econbiz.de/10010080134