A Tradable Employment Quota

Farm technical efficiency under a tradable milk quota system.

This paper incorporates the milk quota system into technical efficiency analysis of dairy farms in England and Wales. Our approach accounts for milk quota trade, allowing an investigation of the relationship between the way in which milk quota market is used by farmers and technical efficiency. In addition, several explanatory variables for inefficiency were used. Results obtained from a Bayesi...

The Employment Maximizing Import Quota Under Domestic Monopoly

Investigating the Effect of Trade Shocks on employment in tradable and non-tradable sectors in Iran: A Dynamic Stochastic General Equilibrium Model (DSGE)

The aim of this paper is the analysis of trade shocks on tradable and non-tradable employment. To do so, a dynamic stochastic general equilibrium model is designed for Iran economy and the sectors of model are tradable, non-tradable and import. The variables related to foreign trade sector are nominal and real exchange rate, the law of one price gap and terms of trade. The structural parameters...

Improving the Labor Market Outcomes of Minorities: The Role of Employment Quota

The world’s biggest and arguably most aggressive form of employment based affirmative action policy for minorities exists in India. This paper exploits the institutional features of federally mandated employment quota policy to examine its effect on labor market outcomes of two distinct minority groups. My main finding is that a 1-percent increase in employment quota significantly increases the...

Centrum Voor Wiskunde En Informatica Tradable Schemes Tradable Schemes

In this article we present a new approach to the numerical valuation of derivative securities. The method is based on our previous work where we formulated the theory of pricing in terms of tradables. The basic idea is to fit a finite difference scheme to exact solutions of the pricing PDE. This can be done in a very elegant way, due to the fact that in our tradable based formulation there appe...