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Unions, Increasing Returns and Endogenous Fluctuations
Coimbra, Rui; Lloyd-Braga, Teresa; Modesto, Leonor - Institute for the Study of Labor (IZA) - 2000
We analyse the implications of unions (efficient bargaining) for multiplicity of stationary states and welfare, local … external increasing returns to scale, where capital is the unique asset. We find that a slight increase in unions power may … deterministic endogenous fluctuations. However, we find that union’s bargaining power can dramatically influence the local stability …
Persistent link: https://www.econbiz.de/10005761682
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Endogenous Growth Fluctuations in Unionised Economy with Productive Externalities
Coimbra, Rui; Lloyd-Braga, Teresa; Modesto, Leonor - C.E.P.R. Discussion Papers - 2002
We discuss the effects of unions in the labour market on steady-state multiplicity and welfare, and on the occurrence …-Douglas technology, unions increase steady state employment and welfare, and local indeterminacy (sunspots) emerges. Our results show … that the role of unions in shaping local dynamics depends on technology (externalities and factor's substitutability …
Persistent link: https://www.econbiz.de/10005656164
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Indeterminacy in a Finance Constrained Unionized Economy
Lloyd-Braga, Teresa; Modesto, Leonor - C.E.P.R. Discussion Papers - 2004
We introduce labour market imperfections (i.e. unions and the existence of a wage floor) in a finance … decreases with union power. We also find that unions increase simultaneously steady-state employment, capital accumulation and …
Persistent link: https://www.econbiz.de/10005504720
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Verdissement de la fiscalité. À qui profite le double dividende ?
Chiroleu-Assouline, Mireille; Fodha, Mouez - In: Revue de l'OFCE n° 116 (2011) 1, pp. 409-431
The double dividend literature studies the simultaneous pursuit of two objectives: improved quality of the environment through the implementation of an environmental tax (first dividend) and increased social welfare by reducing overall tax distortions (second dividend). This paper investigates...
Persistent link: https://www.econbiz.de/10009019554
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From Regressive Pollution Taxes to Progressive Environmental Tax Reforms
Chiroleu-Assouline, Mireille; Fodha, Mouez - Department of Economics, European University at St. … - 2012
European countries have increased their use of environmental tax instruments by designing new tax bases. But, many countries have to face the opposition of the public opinion, for fear of the distributive consequences of these environmental tax reforms. This paper sheds light on the...
Persistent link: https://www.econbiz.de/10011161253
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From Regressive Pollution Taxes to Progressive Environmental Tax Reforms.
Chiroleu-Assouline, Mireille; Fodha, Mouez - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2012
European countries have increased their use of environmental tax instruments by designing new tax bases. But, many countries have to face the opposition of the public opinion, for fear of the distributive consequences of these environmental tax reforms. This paper sheds light on the distributive...
Persistent link: https://www.econbiz.de/10010558543
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From regressive pollution taxes to progressive environmental tax reforms
Chiroleu-Assouline, Mireille; Fodha, Mouez - In: European Economic Review 69 (2014) C, pp. 126-142
European countries have increased their use of environmental tax instruments by designing new tax bases. But many countries face opposition from public opinion, for fear of the distributive consequences of these environmental tax reforms. This paper sheds light on the distributive consequences...
Persistent link: https://www.econbiz.de/10010785137
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Double Dividend and Distribution of Welfare: Advanced Results and Empirical Considerations
Chiroleu-Assouline, Mireille; Fodha, Mouez - In: Economie Internationale (2009) 120, pp. 91-108
The objective of this paper is to analyze the efficiency and equity consequences of the implementation of an environmental tax. Do the two purposes collide or can they be simultaneously achieved? Using results of the related literature, we show that precise conditions have to be met in order to...
Persistent link: https://www.econbiz.de/10008472415
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Environmental Tax and the Distribution of Income among Heterogeneous Workers.
Chiroleu-Assouline, Mireille; Fodha, Mouez - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2008
This paper analyzes the environmental tax policy issues when labor is heterogeneous. The objective is to assess whether an environmental tax policy could be Pareto improving, when the revenue of the pollution tax is recycled by a change in the labor tax properties. We show that, depending on the...
Persistent link: https://www.econbiz.de/10004988956
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An Incomplete Markets Model of Business Cycles.
Durlauf, S.N. - Wisconsin Madison - Social Systems - 1996
This paper explores the effects of incomplete markets and positive spillovers on aggregate and industry output behavior. We consider an economy composed of a fixed set of infinitely-lived industries. When industries coordinate production decisions they jointly improve their productivity. Markets...
Persistent link: https://www.econbiz.de/10005200460