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On the Dynamics of Interest Group Formation and Endogenous Policymaking
Sadiraj, Vjollca; Tuinstra, Jan; van Winden, Frans A.A.M. - 2000
We present a dynamic model of the interaction between interest groupsand policymakers, featuringendogenous interest group formation. We show that complicated dynamicpatterns in economicpolicies may arise once interest group formation is taken intoaccount.
Persistent link: https://www.econbiz.de/10010324602
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Collective Bargaining under Non-Binding Contracts
Dobbelaere, Sabien; Luttens, Roland Iwan - 2014
We introduce collective bargaining in a static framework where the firm and its risk-neutral employees negotiate over wages in a non-binding contract setting. Our main result is the equivalence between the non-binding collective equilibrium wage-employment contract and the equilibrium contract...
Persistent link: https://www.econbiz.de/10014185817
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Step by Step : Revisiting Step Tolling in the Bottleneck Model
Lindsey, Robin; van den Berg, Vincent A.C; Verhoef, Erik T. - 2012
In most dynamic traffic congestion models, congestion tolls must vary continuously over time to achieve the full optimum. This is also the case in Vickrey's (1969) 'bottleneck model'. To date, the closest approximations of this ideal in practice have so-called 'step tolls,' in which the toll...
Persistent link: https://www.econbiz.de/10014188626
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Optimal Income Taxation in Unionized Labor Markets
Hummel, Albert Jan; Jacobs, Bas - 2018
This paper extends the Diamond (1980) model with labor unions to study optimal income taxation and to analyze whether … unions can be desirable for income redistribution. Unions bargain with firms over wages in each sector and firms unilaterally … determine employment. Unions raise the efficiency costs of income redistribution, because unemployment benefits and income taxes …
Persistent link: https://www.econbiz.de/10011932335
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The Structure of Firm-Specific Labour Unions
Upmann, Thorsten; Müller, Julia - 2013
groups decide on whether they prefer to be represented by either two independent craft-specific (professional) labour unions … unions. This explains why employers vehemently oppose recent split offs of some occupational groups from existing unions and … from stipulated tariff unions …
Persistent link: https://www.econbiz.de/10014156892
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Optimal Diversity in Investments with Recombinant Innovation
van den Bergh, Jeroen C.J.M.; Zeppini-Rossi, Paolo - 2008
We address the notion of dynamic, endogenous diversity and its role in theories of investment and technological innovation. We develop a formal model of an innovation arising from the combination of two existing modules with the objective to optimize the net benefits of diversity. The model...
Persistent link: https://www.econbiz.de/10010325999
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Tracking Growth and the Business Cycle: a Stochastic Common Cycle Model for the Euro Area
e Azevedo, Joao Valle; Koopman, Siem Jan; Rua, Antonio - 2003
This paper proposes a new model-based method to obtain a coincident indicator for the business cycle. A dynamic factor model with trend components and a common cycle component is considered which can be estimated using standard maximum likelihood methods. The multivariate unobserved components...
Persistent link: https://www.econbiz.de/10010324815
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Optimal Government Spending and Unemployment
Linnemann, Ludger; Schabert, Andreas - 2008
We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy is contrasted with a reference policy which would be first best in a frictionless economy. Results are: the Ramsey policy i) implies a higher steady state ratio of government...
Persistent link: https://www.econbiz.de/10010325681
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Does the Wage Tax System cause Budget Deficits?
Riedl, Arno; van Winden, Frans A.A.M. - 2000
In this paper we investigate experimentally the functioning of a wage tax financed unemployment benefit system on the development of the budget deficit, unemployment, and some other indicators of economic performance in an international economy. We find support for the hypothesis that...
Persistent link: https://www.econbiz.de/10010324556
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Vulnerability in a Stochastic Dynamic Model
Elbers, Chris; Gunning, Jan Willem - 2003
Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...
Persistent link: https://www.econbiz.de/10010325021