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With nominal wage rigidities, it is crucial to distinguish whether wages are set by workers or firms — whether we have monopoly or monopsony power. This paper provides a model of monopsony power in the labour market and a monopsonistic Phillips Curve. If w ...
We exploit differences across U.S. states' exposure to trade to study the effects of changes in the exchange rate on economic activity. Across states, trade-weighted exchange rate depreciations are associated with increased state exports, reduced state une ...
In the transition to a sustainable energy system, energy communities have unique advantages; they require no additional land and allow inhabitants to reduce their energy bills. Nowadays, each shareholder’s profit is calculated based on their share of inves ...
This paper focuses on the application of tractable route choice models and presents a set of methods for deriving relevant disaggregate and aggregate route choice indicators, namely link and route flows. Tractability is achieved at the disaggregate level b ...
Some individuals voluntarily engage in costly pro-environmental actions although their efforts have limited direct benefits. This paper proposes a novel economic model with heterogeneous agents explaining why. Each agent has a homo moralis type of preferen ...
Digital technologies are enabling the transformation of the established market boundaries and business models of the cinema industry, bringing opportunities for a reconfiguration of the conceptual framework of movie content distribution through movie theat ...
With nominal wage rigidities, it is crucial to distinguish whether wages are set by workers or firms -- whether we have monopoly or monopsony power. This paper provides a model of wage bargaining in the labour market where workers have monopoly power over ...
Although the idea of vehicle sharing systems (VSSs) emerges back in 1940s, sustaining such a system became simpler with the improvements in technology in the past decade. In addition to that, people have become more concerned about environmental effects an ...
Although the idea of vehicle sharing systems (VSSs) emerged back in 1940s, sustaining such a system became simpler with the improvements in technology in the past decade. In addition to that, people have become more concerned about environmental effects an ...
This paper studies the effects of fiscal policy on net exports, the terms of trade and expenditure switching. Using data on government spending and consumption taxes for twelve euro area countries over 1996 to 2018, it shows that fiscal austerity shocks im ...
