Showing 1 - 10 of 246
We propose a theoretical explanation for the so-called “beauty premium”. Our explanation is based entirely on search … interaction between frictional labour and marriage markets and establish the existence of a search equilibrium characterised by …
Persistent link: https://www.econbiz.de/10011200049
We develop a three-stage model of abatement technology search, adoption, and deployment. Using this model, which draws … on search theory tools more frequently used in labour and monetary economics, we compare market-based and command …-and-control pollution control instruments with respect to the incentives each provides for abatement technology search and adoption …
Persistent link: https://www.econbiz.de/10010765498
equilibrium search model of the labor market with an endogenous number of contacts between workers and firms. Workers contact … estimated parameter values welfare is improved if unemployed workers increase their search intensity. …
Persistent link: https://www.econbiz.de/10008833885
Channel systems for conducting monetary policy are becoming increasingly popular. Despite their popularity, the consequences of implementing policy with a channel system are not well understood. We develop a general equilibrium framework of a channel system and investigate the optimal policy. A...
Persistent link: https://www.econbiz.de/10005181445
a higher level of complexity leads to increased reliance on expert knowledge. We find that when more referenda are held … one referendum was held. We also show that when constituents face a higher level of complexity, they listen to parliament …
Persistent link: https://www.econbiz.de/10010568471
a higher level of complexity leads to increased reliance on expert knowledge. We find that when more referenda are held … one referendum was held. We also show that when constituents face a higher level of complexity, they listen to parliament …
Persistent link: https://www.econbiz.de/10013315872
We study the impact of diverse beliefs on conduct of monetary policy. We use a New Keynesian Model solved with a quadratic approximation. Aggregation renders the belief distribution an aggregate state variable. Diverse expectations change standard results about a smooth trade-off between...
Persistent link: https://www.econbiz.de/10011205380
We study the impact of political knowledge on the attitudes of European citizens towards the possible distribution of responsibilities between European level institutions and national governments in three policy areas: foreign policy, defence and immigration policy. The hypothesis tested is that...
Persistent link: https://www.econbiz.de/10008861864
This paper analyzes the dynamic incentives for technology adoption under a transferable permits system, which allows for strategic trading on the permit market. Initially, firms can invest both in low-emitting production technologies and trade permits. In the model, technology adoption and...
Persistent link: https://www.econbiz.de/10008914285
In this paper, we consider how the retirement age as well as a tax financed pension system ought to respond to a change in the standard deviation of the length of life. In a first best framework, where a benevolent government exercises perfect control over the individuals’ labor supply and...
Persistent link: https://www.econbiz.de/10008671698