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Economists have a good understanding of intra-economic interdependence and a mature methodology of modeling it. Ecologists focus on the complex and sensitive interactions of species in ecosystems. This paper's objective is to suggest a new micro-foundation of ecosystem analysis based on economic...
Persistent link: https://www.econbiz.de/10010322056
Cultural capital is assumed to benefit all members of society. It is built up by the aggregate consumption of cultural goods and is diminished through depreciation. In the no-policy market economy, consumers tend to ignore the beneficial external effects of their cultural good consumption on the...
Persistent link: https://www.econbiz.de/10010322057
This paper introduces aging of workers into the neoclassical theory of labor demand. Among other things, it is shown …
Persistent link: https://www.econbiz.de/10010322058
We analyse tax competition with corporate profit taxes in a common market where tax revenues are allocated according to … an apportionment formula. As a general rule, tax competition is sharper the higher is the tax elasticity of the … fixed, tax competition is sharpest if apportionment is based on property shares, followed by the sales and payroll shares …
Persistent link: https://www.econbiz.de/10010322061
Recently macroeconomic researchers have begun studying models of optimal monetary policy within the Real Business Cycle (RBC) framework. A standard RBC model is augmented by New Keynesian elements like sticky prices and monopolistically competitive firms. The monetary authority acts as a social...
Persistent link: https://www.econbiz.de/10010322062
an increase in the marginal environmental damage. In a laissez-faire equilibrium under perfect competition, producers … the producer responsibility. In the case of imperfect competition (oligopoly or monopoly) Pigouvian taxation indeed …
Persistent link: https://www.econbiz.de/10010322063
We examine two types of altruism and their implications for voluntary giving. Philanthropists are altruists who wish to enhance the well-being of others, while individuals with merit-good preferences only wish to further the consumption of certain merit goods by others. Philanthropic donors...
Persistent link: https://www.econbiz.de/10010322064
are dual to each other. To be more concrete, we refer to the theory of international trade, where the factor endowment of …
Persistent link: https://www.econbiz.de/10010322065
Dieser Beitrag untersucht die für die Medienwirtschaft relevanten Märkte mit einfachen Marktmodellen. Im Zentrum stehen die Interdependenzen zwischen Konsumgüter-, Werbe- und Medienmärkten, wobei die wichtige Rolle der Werbemärkte als ökonomischer Motor der Medienwirtschaft besonders...
Persistent link: https://www.econbiz.de/10010322066
A simple rule of thumb which has been successfully used in the basic neoclassical growth model as an alternative to the unstable dynamic optimization solution is shown to be more generally applicable in a non-scale growth model with learning by doing. The model is formulated in accordance with...
Persistent link: https://www.econbiz.de/10010322067