Book•
Intermediate microeconomics : A modern approach
01 Jan 2006-
TL;DR: The Varian approach as mentioned in this paper gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation, and is still the most modern presentation of the subject.
Abstract: This best-selling text is still the most modern presentation of the subject. The Varian approach gives students tools they can use on exams, in the rest of their classes, and in their careers after graduation.
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TL;DR: In this paper, the authors argue that the differences in opinion go beyond the actual tasks given to the authorities, but rather depend on perspectives: economics and consumer perspective versus an engineering, environmental and production perspective.
52 citations
Journal Article•
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TL;DR: To answer this question, the authors need to know the following: when useful technology, invented by the greatest minds in science, fails, what went wrong?
Abstract: Welcome to the 21st century, where paradigms are shifting, roles are reversing, and changes in workflow influence—perhaps even dictate—new patterns of thought. If that sounds new age to you, then you might be onto something, because this is a new age, and new rules apply. We can no longer succeed by sitting atop a power hierarchy and bending others to our will; instead, we must step into the flow of others' work. This applies to every field, including biomedical engineering, where every inventor has a story about groundbreaking technology that never reached its target market. To what extent does changing our mindset for the 21st century influence the success of a device? To answer this question, we need to know the following: when useful technology, invented by the greatest minds in science, fails, what went wrong? And more importantly, when it succeeded—both from a medical and financial point of view—what went right, and how do we replicate that?
52 citations
TL;DR: In this article, the authors apply an ordered probit meta-analysis framework to examine the distributional impacts of carbon pricing and fossil fuel subsidy reforms in different countries, and find that there is a significantly increased likelihood of progressive distributional outcomes for studies on lower income countries and transport sector policies.
Abstract: Understanding the distributional impacts of market-based climate policies is crucial to design economically efficient climate change mitigation policies that are socially acceptable and avoid adverse impacts on the poor. Empirical studies that examine the distributional impacts of carbon pricing and fossil fuel subsidy reforms in different countries arrive at ambiguous results. To systematically determine the sources of variation between these outcomes, we apply an ordered probit meta-analysis framework. Based on a comprehensive, systematic and transparent screening of the literature, our sample comprises 53 empirical studies containing 183 effects in 39 countries. Results indicate a significantly increased likelihood of progressive distributional outcomes for studies on lower income countries and transport sector policies. The same applies to study designs that consider indirect effects, demand-side adjustments of consumers or lifetime income proxies.
51 citations
TL;DR: In this article, the authors explore the principles that should guide efforts to raise finance for climate action in developing countries, and conclude that there is an important role for private finance, which would be facilitated by having pervasive and broadly uniform emissions pricing around the world.
51 citations
Posted Content•
TL;DR: In this article, the authors summarize the basic conditions of natural monopoly theory and review the approaches and results of the studies dealing with this topic Despite the importance of contestability in this context, previous literature concentrates only on the subadditivity aspect, the existence of economies of scale does not inevitably justify a governmental maintenance of the monopoly if the market is contestable.
Abstract: Several studies have been conducted to analyze whether a regulation of the postal sector as a monopoly is actually efficient by examining its cost structure The authors detected significant scale economies only in the delivery function and hence demonstrated a necessity for competition in the upstream operations The primary purpose of this paper is to summarize the basic conditions of natural monopoly theory and to review the approaches and results of the studies dealing with this topic Despite the importance of contestability in this context, previous literature concentrates only on the subadditivity aspect The existence of economies of scale does not inevitably justify a governmental maintenance of the monopoly if the market is contestable In this respect, further research is needed in order to account for contestability
51 citations