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Discussion paper
... cost of trips to open space. we derive a simple expression for the tax that internalizes this effect of sprawl in a monocentric city and apply it using survey data on recreational activity ... a simple expression for the tax on conversion of agricultural land to urban use that internalizes this effect and apply it to the city of amsterdam. the travel cost approach has rarely been ...
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housing-supply-netherlands.pdf
... conditions. this may explain why most structural analyses of housing supply find large effects of variables like time on the market, vacancy rates and interest and inflation rates, although their effect should ... interest rates are ignored. hence, it is by no means obvious that the government fully internalizes demand when making land use decisions, even in the long run. 17 for instance, we ...
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Microsoft Word - memo100
... unemployment benefit scheme. fredriksson and holmlund (2001), however, show that for plausible parameters, this latter effect is unlikely to dominate the impact via the search behaviour of the unemployed. moreover, ... payments), efficiency in the layoff decision of the firm is improved as it now internalizes figure refers to the cohort analysis of nelissen. if we take the cohort difference ...
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selective-contracting.pdf
... overlooks this negative externality and hence raises p1 and thereby above the level that is optimal with a monopoly insurer. a monopoly insurer makes a profit of his own and internalizes this externality ... to maximize industry profits (lemma appendix) takes this effect of on non-insured prices into account. in case e, the combination p1 and ia overlooks this positive externality on p2 and ib. hence ...
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dp204.indd
... bank hierarchy is less obvious. if bank management internalizes the risk of negative outcomes, e.g. through ... competition for traders, this need no longer be true. the following proposition demonstrates that the effect of increasing on ... this effect on expected wages is ambiguous. when r is capped at a level r (and the cap binds), equilibrium utility is given by the utility curve, uuc( r). this ...
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