Browsing by Subject "D60"

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Browsing by Subject "D60"

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    Title: Development Scenarios for the North and Baltic Sea Grid: A welfare economic analysis  Author(s): EGERER, Jonas; KUNZ, Friedrich; VON HIRSCHHAUSEN, Christian Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: The North and Baltic Sea Grid is one of the largest pan-European infrastructure projects raising high hopes regarding the potential of harnessing large amounts of renewable electricity, but also concerns about the ...
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    Title: Optimal Taxation and Constrained Inefficiency in an Infinite-Horizon Economy with Incomplete Markets  Author(s): GOTTARDI, Piero; KAJII, Atsushi; NAKAJIMA, Tomoyuki Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We study the dynamic Ramsey problem of finding optimal public debt and linear taxes on capital and labor income within a tractable infinite horizon model with incomplete markets. With zero public expenditure and debt, it ...
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    Title: Value of Information in Competitive Economies with Incomplete Markets  Author(s): GOTTARDI, Piero; RAHI, Rohit Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We study the value of information in a competitive economy in which agents trade in asset markets to reallocate risk. We characterize the kinds of information that allow a welfare improvement when portfolios can be freely ...
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    Title: Responsive Pricing  Author(s): COURTY, Pascal; PAGLIERO, Mario Date: 2008 Type of Publication: Article Abstract: Abstract We study the efficiency property of responsive pricing, a scheme that proposes to increase prices as a function of the level of capacity utilization in environments where traditional allocation schemes (e.g. ...