综合经济学
This paper highlights the potential for negative dynamic consequences of recent trends towards the formation of "skill-hubs". I first show evidence that skill acquisition is biased towards skills which are in demand in local labor markets.…
The rapid development of electric vehicle (EV) technologies promises cleaner air and more efficient transportation systems, especially for polluted and congested urban areas. To capitalize on this potential, the Indonesian government has…
We examine the effect of civil war in Syria on economic growth, human development and institutional quality. Building on the synthetic control method, we estimate the missing counterfactual scenario in the hypothetical absence of the armed…
Production theory, defined as the study of the economic process of transforming inputs into outputs, consists of two simultaneous economic forces: cost minimization and profit maximization. The cost minimization problem involves deriving…
Duality is the heart of advanced microeconomics. It exists everywhere throughout advanced microeconomics, from the beginning of consumer theory to the end of production theory. The complex, circular relationships among various theoretical…
Identifying the factors that influence labor force participation could elucidate how individuals arrive at their labor supply decisions, whose understanding is, in turn, of crucial importance in analyzing how the supply side of the labor…
The goal of this paper is to revise the Henderson-Chu approach by dividing the commuters into two income-based groups: the `rich' and the `poor'. The rich are clearly more flexible in their arrival times and would rather have more schedule…
We develop a tractable macroeconomic model that captures dynamic behaviors across multiple timescales, including business cycles. The model is anchored in a dynamic capital demand framework reflecting an interactions-based process whereby…
Tradable mobility credit (TMC) schemes are an approach to travel demand management that have received significant attention in recent years. This paper proposes and analyzes alternative market models for a TMC system -- focusing on market…
Macroeconomics essentially discusses macroeconomic phenomena from the perspectives of various schools of economic thought, each of which takes different views on how macroeconomic agents make decisions and how the corresponding markets…
Syllabus is essentially a concise outline of a course of study, and conventionally a text document. In the past few decades, however, two novel variations of syllabus have emerged, namely "the Graphic Syllabus" and "the Interactive…
The present paper introduces a theoretical framework through which the degree of risk aversion with respect to uncertain prices can be measured through the context of the indirect utility function (IUF) using a lab experiment. First, the…
The recent coronavirus outbreak has made governments face an inconvenient tradeoff choice, i.e. the choice between saving lives and saving the economy, forcing them to make immensely consequential decisions among alternative courses of…
This paper characterizes equilibrium properties of a broad class of economic models that allow multiple heterogeneous agents to interact in heterogeneous manners across several markets. Our key contribution is a new theorem providing…
This paper proposes a comprehensive model for different Coordination Schemes (CSs) for Transmission (TSO) and Distribution System Operators (DSO) in the context of distributed flexibility procurement for balancing and congestion management.…
Using a US nationally representative sample and a double list experiment designed to elicit views free from social desirability bias, we find that anti-transgender labor market attitudes are significantly underreported. After correcting for…
This research aims to identify factors that affect the technological transition of firms toward industry 4.0 technologies (I4Ts) focusing on firm capabilities and policy impact using relatedness and complexity measures. For the analysis, a…
We study the influence of social messages that promote a digital public good, a COVID-19 tracing app. We vary whether subjects receive a digital message from another subject, and, if so, at what cost it came. Observed maximum willingness to…
In spring 2022, the German federal government agreed on a set of measures that aimed at reducing households' financial burden resulting from a recent price increase, especially in energy and mobility. These measures included among others, a…
This paper discusses the relevance of information overload for explaining environmental degradation. Our argument goes that information overload and detachment from nature, caused by energy abundance, have made individuals unaware of the…