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and wages move in the same direction under neo-classical assumptions, agglomeration economies in production, congestion in … congestion in production or the agglomeration in consumption models. The micro-economics of such consumption … thus suggest that consumption-oriented agglomeration and congestion should receive more attention in the future …
Persistent link: https://www.econbiz.de/10003737642
/resident happiness and/or reducing productivity of employers. -- Agglomeration ; urbanization economies ; congestion ; regional …
Persistent link: https://www.econbiz.de/10003919879
interactions. In particular, we prove uniqueness in the case of congestion effects and use a series of simulations to demonstrate … that a unique equilibrium is more likely to obtain (i) the smaller are any agglomeration effects, (ii) the larger are the …
Persistent link: https://www.econbiz.de/10011608986
interest in measuring the size and scope of local spillovers (i.e., simple anonymous agglomeration or congestion effects, or …
Persistent link: https://www.econbiz.de/10011609306
Persistent link: https://www.econbiz.de/10011540864
Effects of different reformatory policies have always been a pulsating concern for the researchers and policy makers. Considering this concern, this paper attempts to check various effects of reformatory policies such as labor market reform, tariff cut, change in subsidy, bureaucratic reform in...
Persistent link: https://www.econbiz.de/10012152168
This paper studies dynamics of endogenous business cycles and exchange rate volatility in a small open economy. Without market imperfections, domestic price and wage adjustments respond sluggishly to disequilibrium situations on real domestic markets while prices on international capital markets...
Persistent link: https://www.econbiz.de/10011538984
This paper is concerned with occupational choice under risk, where agents care about their social status. It is motivated by recent developments in the 'New Economy', which indicate that status preferences possibly provide an explanation for the observed shift towards entrepreneurial...
Persistent link: https://www.econbiz.de/10011525881
A flat tax rate on income has gained popularity in European countries. This paper assesses the attractiveness of such a flat tax in achieving redistributive objectives with the least cost to labour market performance. We do so by using a detailed applied general equilibrium model for the...
Persistent link: https://www.econbiz.de/10011372518
This work, which shall contribute to the Fest "A Just Society: Honouring Joseph Stiglitz", discusses a major unifying theme in Joe Stiglitz monumental work, namely, the analysis of economies characterised by persistent learning and coordination hurdles. In his analysis Joe is in many respects a...
Persistent link: https://www.econbiz.de/10011458677