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A Note on R&D and Price Elasticity of Demand

Forecasting the German Cyclical Turning Points: Dynamic Bi-Factor Model with Markov Switching

Modeling the Impacts of International Climate Change Policies in a CGE Context: The Use of the GTAP-E Model

The anticipated implications of international environmental policy strategies are critical for the success or failure of international negotiations on climate change policies. In this paper, we discuss the complex modeling issues related to the incorporation of international environmental policy measures in one of the popular applied general equilibrium models for international trade, the so-called ...

An Economic Analysis of Security Policies

This paper analyses public policy choices in the security economy from an economic perspective. It discusses the role of public goods for national and global security and identifies the importance of the first- and second-order indirect effects of insecurity on economic activity, which include the behavioural responses of agents and the government to security measures, akin to such effects in insurance ...

Methodological Advances in National Travel Surveys: Mobility in Germany 2002

In Germany, a National Travel Survey was conducted in 2002. The paper describes the process needed to make empirical-based decisions on the main design characteristics of the survey. It outlines the survey operation used in the field during 2002, reports on the relevance of different contact strategies to minimize selectivity and non-response, and refers to issues of data processing and of dissemination ...

Fiscal Competition, Capital-Skill Complementarity, and the Composition of Public Spending

Following Keen and Marchand (1997), the paper analyzes the effect of fiscal competition on the composition of public spending in a model where capital and skilled workers are mobile while low-skilled workers are immobile. Taxes are levied on capital and labor. Each group of workers benefits from a different kind of public good. Mobility of skilled workers provides an incentive for jurisdictions to ...

European Labour Mobility: Challenges and Potentials

European Union economies are pressed by (i) a demographic change that induces population ageing and a decline of the workforce, and (ii) a split labour market that is characterized by high levels of unemployment for low-skilled people and a simultaneous shortage of skilled workers. This lack of flexible high-skilled workers and the aging process has created the image of an immobile labour force and ...

Transactions That Did Not Happen and Their Influence on Prices

This paper studies data from the wholesale fruit and vegetables market in Marseille. We have details of counteroffers to the prices that were proposed by the seller even when no transaction took place. We analyse the evolution of prices and the relation between the final price struck and the proposals of the two parties. Periods with no buyer refusals, of offers or bargaining with no transaction will ...

Income Mobility in Old Age in Britain and Germany

The increases in human longevity and early retirement in recent decades have posed new challenges for policy makers, and require a comprehensive understanding of the processes that influence the economic resources of older people. This paper examines the income mobility experienced by older people living in Britain and Germany during the 1990s, and identifies the influential personal attributes and ...

International Market Integration for Natural Gas? A Cointegration Analysis of Prices in Europe, North America and Japan

This paper investigates the degree of integration of natural gas markets in Europe, North America and Japan in the time period between the early 1990s and 2004. The relationship between international gas market prices and their relation to the oil price are explored through principal components analysis and Johansen likelihood-based cointegration procedure. Both of them show a high level of natural ...