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Aggregate Demand Externalities and Labor Supply Decisions: Worker Discouragement and Market Inefficiency
Aggregate Demand Externalities Labor Supply Decisions
2015/9/21
When monopolistic firnls price using markups over worker productivity, low productivity workers may not enter the labor
market because the wage may be too low. In the presence of aggregate demand spi...
Externalities Associated with Nominal Price and Wage Rigidities
Nominal Price Wage Rigidities
2015/8/4
Externalities Associated with Nominal Price and Wage Rigidities.
Estimating the Impact of Means-tested Subsidies under Treatment Externalities with Application to Anti-Malarial Bednets
Distribution of relief subsidies treatment malaria mosquito nets
2015/7/17
Estimating the Impact of Means-tested Subsidies under Treatment Externalities with Application to Anti-Malarial Bednets.
Human Capital Externalities in Cities: Evidence from Chinese Manufacturing Firms
human capital externalities firm productivity city economy
2015/1/22
We investigate whether increased geographic concentration of human capital generates positive externalities that benefit firms located in the area. Using a panel of Chinese manufacturing firms, we fin...
Human Capital Externalities and Rural-Urban Migration: Evidence from Rural China
Rural-urban migration Human capital externalities Rural development
2015/1/22
This study examines the determinants of rural-urban migration paying special attention to the role of human capital externalities in the rural sector. Using data from a well-known household survey in ...
Village sanitation externalities and children's human capital: Evidence from a randomized experiment by the Maharashtra government
Village sanitation externalities children's human capita
2014/3/25
Open defecation is exceptionally widespread in India, a county with puzzlingly
high rates of child stunting. We study a randomized controlled trial of a village-level
sanitation program, implemented...
Property rights and externalities: the uneasy case of knowledge
property rights knowledge invention indivisibility externalities efficiency
2014/6/24
Drawing from Coase’s methodological lesson, this article discusses the specific case of knowledge, which was for a long time chiefly governed by exchange mechanisms lying outside the market, and has o...
POLLUTION EXTERNALITIES：SOCIAL COST AND STRICT LIABILITY
POLLUTION EXTERNALITIES STRICT LIABILITY SOCIAL COST
2008/12/17
This paper critically considers the neoclassical social-cost approach
to problems of pollution. This traditional approach, when subjected
to close scrutiny, is found to be seriously wanting in appli...
Externalities, efficiency, regulation, and productivity growth in the U.S. electric utility industry
Productivity Growth Efficiency Regulation
2010/11/5
This paper examines the decomposition of total factor productivity growth for firms subject to regulation, given the production of a bad output. The production of good and bad outputs provides benefit...