Narrow search
Showing 1 - 7 of 7
Cover Image
One size may not fit all: Welfare benefits and cost reductions with differentiated household electricity rates in a general equilibrium model
Daruwala, Farhad; Denton, Frank T.; Mountain, Dean C. - 2017
We consider optional TOU (time-of-use) pricing for residential consumers as an alternative to a single TOU or flat rate … quantify the effects of optional pricing on welfare, consumption, and production costs. The model assumes that households can … three types of restriction: Pareto efficiency (no household is worse off under the proposed pricing scheme than under the …
Persistent link: https://www.econbiz.de/10011882543
Cover Image
One size may not fit all : welfare benefits and cost reductions with differentiated household electricity rates in a general equilibrium model
Daruwala, Farhad; Denton, Frank T.; Mountain, Dean C. - 2017
We consider optional TOU (time-of-use) pricing for residential consumers as an alternative to a single TOU or flat rate … quantify the effects of optional pricing on welfare, consumption, and production costs. The model assumes that households can … three types of restriction: Pareto efficiency (no household is worse off under the proposed pricing scheme than under the …
Persistent link: https://www.econbiz.de/10011688056
Cover Image
Incomplete information, credibility and the Core
Dutta, Bhaskar; Vohra, Rajiv - 2001
An appropriate (interim) notion of the core for an economy with incomplete information depends on the amount of information that coalitions can share. The coarse and fine core, as originally defined by Wilson (1978), correspond to two polar cases, involving no information sharing and arbitrary...
Persistent link: https://www.econbiz.de/10010318931
Cover Image
Core Convergence with Asymmetric Information
McLean, Richard; Postlewaite, Andrew - Department of Economics, University of Pennsylvania - 2003
We analyze the ex ante incentive compatible core for replicated private information economies. We show that any allocation in the core when the economy is replicated sufficiently often is approximately Walrasian for the associated Arrow-Debreu economy.
Persistent link: https://www.econbiz.de/10005109608
Cover Image
Environmental Regulation with Optimal Monitoring and Enforcement
Gottinger, Hans W. - Centro Studi di Economia e Finanza (CSEF) - 2000
We derive a set of optimal environmental regulations in the presence of asymmetric information about pollution abatement costs, where compliance may have to be induced through appropriate monitoring and enforcement measures. The regulator commits to monitoring of compliance with incentive...
Persistent link: https://www.econbiz.de/10005839174
Cover Image
When Kolm Meets Mirrless: ELIE
Trannoy, Alain; Simula, Laurent - Groupement de Recherche en Économie Quantitative … - 2008
This article discusses the properties of Kolm’s ELIE proposal in the Context of optimal income taxation “à la Mirrlees”. It first shows that ELIE gives rise to non-standard type-dependent budget sets, which has important implications in terms of a minimum labour requirement. Second, it...
Persistent link: https://www.econbiz.de/10004969040
Cover Image
An Exploration of Incentive-Compatible ELIE
Simula, Laurent; Trannoy, Alain - Groupement de Recherche en Économie Quantitative … - 2008
Simula and Trannoy (2007) have shown that ELIE is confronted with implementation issues when the policymaker cannot observe the time worked by every individual. This paper tries to fix this problem. To this aim, it characterizes the second-best allocations which are the closest to ELIE (i) in...
Persistent link: https://www.econbiz.de/10004969045