Prices vs. quantities with endogenous cost structure

Second, the paper derives a model that shows how welfare optimal frequency at a crossing depends on its level of traffic, ferry users’ waiting time costs, the cost structure of

I use a model with sticky prices, optimizing agents and money in the utility function to derive the exact analytical solution for optimal monetary policy given a zero lower bound

This paper compares the social abatement cost of a uniform GHG pricing system with two policy options for overcoming such regulatory uncertainty: one with a state guarantee

The measurement and aggregation of capital quantities, capital prices, and capital values are important problems in applied economic research, including national income and

In particular, the two regulatory instruments will, in general, lead to different expected aggregate production levels, given that regulation is designed to induce equal

Secondly, the source for inefficient technology choice under an emissions tax, caused by the covariance between the stochastic elements to firms’ abatement costs and marginal

This paper measures the degree of market power in the Norwegian primary aluminium industry from data on prices and estimated variable cost equations. The key findings are:..

The analyses presented in this paper show that a smoking cessation program is very cost effective in terms of cost per life year gained compared with other treatment modalities