Search
Results
-
-
The complexities of decentralization in a globalizing world
(2009)IED working paperWorking Paper -
Toddlers, preschoolers and adolescents with asthma?
(2009)There is growing evidence that children’s poor health can affect mothers’ labor market outcomes, however, most of the literature on children’s health has focused on disability or general health status. This study focuses on one of the leading chronic diseases in children, asthma, and it investigates (i) the effects of having an asthmatic child on mothers’ labor supply and wages; (ii) whether there are age-specific differences on the effects ...Working Paper -
Rationality on the Rise
(2009)Working paper seriesHow does risk tolerance vary with stake size? This important question cannot be adequately answered if framing effects, nonlinear probability weighting, and heterogeneity of preference types are neglected. We show that the increase in relative risk aversion over gains cannot be captured by the curvature of the utility function. It is driven predominantly by a change in probability weighting of a majority group of individuals who exhibit ...Working Paper -
Accumulation regimes in dynastic economies with resource dependence and habit formation
(2009)Economics Working Paper SeriesWe analyze the consequences of habit formation for income levels and long-term growth in an overlapping generations model with dynastic altruism and resource dependence. If the strength of habits is below a critical level, the competitive economy displays an altruistic (Ramsey-like) equilibrium where consumption sustainability obeys the Stiglitz condition, and habits yield permanent effects on output levels due to transitional effects on ...Working Paper -
Changement climatique, instruments économiques et propositions pour un accord post-Kyoto
(2009)LERNA Working PapersWorking Paper -
Closedness in the Semimartingale Topology For Spaces of Stochastic Integrals With Constrained Integrands
(2009)NCCR Finrisk Working PaperLet S be an Rd-valued semimartingale and ( n) a sequence of C-valued inte-grands, i.e., predictable, S-integrable processes taking values in some given closed set C(!, t) ⊆ Rd which may depend on the state ! and time t in a predictable way. Suppose that the stochastic integrals ( n · S) converge to X in the semimartingale topology. We provide a necessary and sufficient condition (on S and C) that X can be represented as stochastic integral ...Working Paper -
-
Taxation of a Polluting Non-renewable Resource in the Heterogeneous World
(2009)IDEI working papersThis paper extends the literature on the taxation of polluting exhaustible resources by taking international heterogeneities and national tax-setting into account. We propose a two-country Romer model of endogenous growth in which the South is endowed with the stock of an essential polluting non-renewable resource and world economic growth is driven by a northern research sector. We consider the stock of pollution as affecting global ...Working Paper -
How norms can generate conflict
(2009)Jena Economic Research PapersNorms play an important role in establishing social order. The current literature focuses on the emergence, maintenance and impact of norms with regard to coordination and cooperation. However, the issue of norm-related con ict deserves more attention. We develop a general theory of \normative con ict" by dierentiating between two dierent kinds of con ict. The rst results from distinct expectations of which means should be chosen to full ...Working Paper