Opponents of the voluntary labelling scheme for genetically modified (GM) food products often argue that consumers have the “right to know” and therefore advocate mandatory labelling. In this paper we argue…
We analyze the distributional and efficiency impacts of different allowance allocation schemesmotivated by recently proposed U.S. climate legislation for a national cap and trade system usinga new dynamic…
This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper…
This paper investigates the increase in wage inequality, the decline in collective bargaining, and the development of the gender wage gap in West Germany between 2001 and 2006. Based on detailed linked…
In most policy applications of general equilibrium modeling, cost functions are calibrated to benchmark data. Modelers often choose the functional form for cost functions based on suitability for numerical…
The Clean Development Mechanism (CDM) aims to enhance the efficiency of the Kyoto Protocol by providing greenhouse gas emission credits from projects in developing countries. Its unequal distribution among host…
The Clean Development Mechanism (CDM), established by the Kyoto protocol, can generate substantial rents for project participants via the sale of Certified Emission Reductions. For this reason, supposedly…