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	Provedor de dados AgEcon (6) Autor Karp, Larry S. (4) Fan, C. Simon (1) Hennessy, David A. (1) Paul, Thierry (1) Stark, Oded (1) Palavra-chave Multiple equilibria (6) Coordination games (4) C79 (3) Environmental Economics and Policy (3) Global games (3) L51 (3) Q58 (3) Tradable permits (3) California AB32 (2) Climate change policies (2) Regulatory uncertainty (2) Research Methods/ Statistical Methods (2) Biosecurity (1) C61 (1) Continuous time (1) Costs of adjustment (1) Degrading work (1) Environmental externality (1) F22 (1) Factor reallocation (1) Mais... Tipo do documento Working or Discussion Paper (5) Conference Paper or Presentation (1) Ano 2011 (1) 2008 (2) 2006 (1) 2005 (2) País United States (6) Idioma Inglês (6)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 6 Primeira ... 1 ... Última Why would some migrants choose to engage in degrading work? AgEcon Stark, Oded; Fan, C. Simon. This paper develops a model of voluntary migration into degrading work. The essence of the model is a tension between two “bads:” that which arises from being relatively deprived at home, and that which arises from engaging in humiliating work away from home. Balancing between these two “bads” can give rise to an explicit, voluntary choice to engage in humiliating work. The paper identifies conditions under which a migrant will choose to engage in degrading work rather than being forced into it, to work abroad as a prostitute, say, rather than on a farm. The paper delineates the possible equilibria and finds that greater relative deprivation will make it more likely that the equilibrium outcome will be “engagement in prostitution.” It is shown that under... Tipo: Working or Discussion Paper Palavras-chave: Migrants; Relative deprivation; Degrading work; Humiliation; Multiple equilibria; Welfare assessment; Policy implications; Labor and Human Capital; Political Economy; F22; J24; J81. Ano: 2011 URL: http://purl.umn.edu/101648 Behavioral Incentives, Equilibrium Endemic Disease, and Health Management Policy for Farmed Animals AgEcon Hennessy, David A.. We develop a dynamic capital valuation model in which each farm can take an action with farm-varying cost to increase the probability of not contracting a disease. In the presence of infection externalities, circumstances are identified under which multiple equilibria exist and where the one involving the most extensive set of action takers is socially optimal. It is suggested that costly capital markets are one factor in determining the extent of endemic disease in a region. The introduction of frictions, such as dealing with a cumbersome veterinary public health bureaucracy, can enhance social welfare by encouraging precautionary biosecurity actions. Some technical innovations can reduce social welfare. The model is also extended to study a voluntary... Tipo: Working or Discussion Paper Palavras-chave: Biosecurity; Continuous time; Multiple equilibria; Nash behavior; Reinfection; Livestock Production/Industries. Ano: 2005 URL: http://purl.umn.edu/18330 Friction and the Multiplicity of Equilibria AgEcon Karp, Larry S.; Paul, Thierry. In familiar models, a decrease in the friction facing mobile factors (e.g., lowering their adjustment costs) increases a coordination problem, leading to more circumstances where there are multiple equilibria. We show that a decrease in friction can decrease coordination problems if, for example, a production externality arises from a changing stock of knowledge or a changing environmental stock. In general, the relation between the amount of friction that mobile factors face and the likelihood of multiple equilibria is non-monotonic. Tipo: Working or Discussion Paper Palavras-chave: Indeterminacy; Multiple equilibria; Coordination games; Factor reallocation; Environmental externality; Learning-by-doing; Costs of adjustment; Research Methods/ Statistical Methods; C61; J21; O13; R23. Ano: 2005 URL: http://purl.umn.edu/25120 Multiplicity of investment equilibria when pollution permits are not tradable AgEcon Karp, Larry S.. We study a model in which the level of environmental regulation depends on abatement costs, which depend on aggregate levels of investment in abatement capital. Firms are non-strategic. When emissions quotas are not tradable, there are multiple competitive equilibria to the investment problem. Allowing trade in permits leads to a unique socially optimal equilibrium. For a given distribution of investment, allowing trade in permits has an ambiguous effect on the optimal level of regulation. Previous results on coordination games with non-atomic agents are applied to the problem of environmental regulation with endogenous investment in abatement capital. Tipo: Working or Discussion Paper Palavras-chave: Tradable permits; Coordination games; Multiple equilibria; Global games; Environmental Economics and Policy; C79; L51; Q58. Ano: 2006 URL: http://purl.umn.edu/7202 Correct (and misleading) arguments for using market based pollution control policies AgEcon Karp, Larry S.. Disagreement over the form of regulation of greenhouse gasses motivates a comparison of market based and command and control policies. More efficient policies can increase aggregate marginal abatement cost, resulting in higher emissions. Multiple investment equilibria and “regulatory uncertainty” arise when firms anticipate command and control policies. Market based policies eliminate this uncertainty. Command and control policies cause firms to imitate other firms’ investment decisions, leading to similar costs and small potential efficiency gains from trade. Market based policies induce firms to make different investment decisions, leading to different costs and large gains from trade. We imbed the regulatory problem in a “global game” and show that the... Tipo: Working or Discussion Paper Palavras-chave: Tradable permits; Coordination games; Multiple equilibria; Global games; Regulatory uncertainty; Climate change policies; California AB32; Environmental Economics and Policy; Research Methods/ Statistical Methods; C79; L51; Q58. Ano: 2008 URL: http://purl.umn.edu/42868 Correct (and misleading) argument for using market-based pollution control policies AgEcon Karp, Larry S.. One argument in favor of market based pollution control policies is sometimes exaggerated, and a different argument is usually ignored. Regardless of whether investment is fixed or endogenous, market based policies might lead to a higher or lower equilibrium abatement compared to the level under command and control policies. Therefore, economists should be cautious about trying to convince anti-market environmentalists of the benefit of market based policies on the grounds that these promote environmental goals. However, market based policies reduce regulatory uncertainty. Under command and control emissions policies, there are multiple rational expectations competitive equilibria at the investment stage. From the standpoint of individual firms, this... Tipo: Conference Paper or Presentation Palavras-chave: Tradable permits; Coordination games; Multiple equilibria; Global games; Regulatory uncertainty; Climate change policies; California AB32; Environmental Economics and Policy; C79; L51; Q58. Ano: 2008 URL: http://purl.umn.edu/6030 Registros recuperados: 6 Primeira ... 1 ... Última

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