abstract producing of flowers and ornamental plants in iran has some challenges and failure in the market structure and marketing of these products. in this study, we evaluated the different marketing channels of flowers and ornamental plants in the existing market structure according to economic criteria and the characteristics of market structure. cut-rose and esfahan province were selected a...

In their seminal paper, Bovenberg and De Mooij (1994) elucidate why an ecological tax reform will not yield a double dividend, i.e. fails to increase the efficiency of the tax system. The present paper slightly modifies the Bovenberg and De Mooij model by introducing money illusion. With this modification, an environmental tax reform that raises the price level may generate a double dividend, s...

This article analyzes the nonenvironmental welfare costs of an environmental tax reform using a numerical intertemporal general equilibrium model for the Norwegian economy. By exploiting existing tax wedges in the labor market and between consumption and saving, the total nonenvironmental welfare effect of the tax reform is positive. The article also analyzes how imperfect price expectations fo...

Nominal government debt, including the monetary base, is a residual claim to government surpluses. Thus, the value of Þat money can be determined in a completely frictionless economy, just like the price of stock. The main theoretical objection to this Þscal theory of the price level is that it mistreats the government’s intertemporal budget constraint. I show that the valuation equation for no...

This study examines the impact of investment bank (IB) reputation on the long-term stock price performance of Chinese initial public offerings (IPOs) over the period 1993 to 2010. For comparison purposes, the whole sample period is separated into two sub-periods by the 2001 IPO allocation system reform: the quota system period from January 1st, 1993 to April 22nd, 2001 (hereafter, the pre-refor...

This paper examines the economy-wide consequences of regulatory reform, with particular focus on price-cap regulation and competition regulation in Australia’s services industries. A general equilibrium model is used where oligopolistic firms produce differentiated products and interact on prices with tacit collusion represented by conjectural variations parameters. When capital stocks are fixe...

Over the past 25 years California has transformed its system of public school finance from one of the least equitable in the nation to one of the most equitable. This paper examines the impact of that transformation on housing values. Specifically, we use data on residential housing sales from Los Angeles County for the years 1975, 1980, 1985, and 1990, to answer three fundamental questions rel...

We examine the challenges and opportunities to introduce emissions trading (ETS) in China’s electricity sector, in which the interaction between ETS and electricity market reform plays a major role. China’s electricity sector is currently in a slow progress towards a more competitive and market-based system. Both equal share dispatching policy and regulated wholesale and retail pricing policies...

The purpose of this paper is to understand the progress of water rights and irrigation pricing reform in Heihe River Basin (HRB) and their influence on irrigation application. The data came from a village and household level survey conducted in 2009 and 2014 in five counties in Zhangye City, HRB. The main component of reforming water rights was issuing water certificates to individual farmers. ...

objectives: to implement goal-directed subsidies policy in framework of the its law is being seriously followed by state. implementing this policy as it has been defined in the law could be a deep surgery of economy with big negative consequences both in demand and supply sides if its theoretical foundation is wrong. hence, this paper aims to evaluate the theoretical sufficiency of neoclassical...