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The global drive towards decentralization has been increasingly justified on the basis that greater transfers of resources to subnational governments are expected to deliver greater efficiency in the provision of public goods and services and greater economic growth. This article examines...
Persistent link: https://www.econbiz.de/10011126574
principles of marketization (understood here as referring to the liberalization of domestic markets and freer international … between marketization and democracy. The first is more direct, stemming from the fact of both systems sharing certain values … and attitudes in common. But there is also a second more indirect chain from marketization to democracy, which is …
Persistent link: https://www.econbiz.de/10011126279
rise of services, driven by structural transformation and marketization of home production, acts as a gender-biased demand …
Persistent link: https://www.econbiz.de/10011126308
This paper examines how the category of failure was economised and made calculable. It explores the preconditions for this shift in three stages. First, it explores how failure came to be ‘forgiven’ in both the U.S. and the U.K. across the nineteenth century, how it came to be defined as...
Persistent link: https://www.econbiz.de/10011126657
We study long-run trends in aggregate market hours of work and shifts across economic sectors within the context of balanced aggregate growth. We show that a model of many goods and uneven TFP growth in market and home production can rationalize the observed falling or U-shaped aggregate hours...
Persistent link: https://www.econbiz.de/10010928747
A wealth-process set is abstractly defined to consist of nonnegative cadlag processes containing a strictly positive semimartingale and satisfying an intuitive re-balancing property. Under the condition of absence of arbitrage of the first kind, it is established that all wealth processes are...
Persistent link: https://www.econbiz.de/10010745612
We study the effect of the fragmentation of intellectual property rights on optimal patent design. The major finding is … requirements should be stronger than in the case of stand-alone innovation. This reduces the fragmentation of intellectual property …
Persistent link: https://www.econbiz.de/10008674332
efficiency of two main civil liability regimes usually enforced to protect the environment: the strict liability regime and the … independently of any liability regime. This independency has economic consequences. First, victims and polluters pit one against … another about the liability regime that the government should enforce. Hence, financially constrained polluters prefer the …
Persistent link: https://www.econbiz.de/10009002682
This article challenges the conventional result that a tighter environmental tax has no long-run effect on human capital accumulation in the presence of pollution arising from final output production. It demonstrates that the technology used in the abatement sector determines the existence and...
Persistent link: https://www.econbiz.de/10009002687
This paper aims to analyse urban mobility patterns and consequent impacts on energy and environment in India. We …
Persistent link: https://www.econbiz.de/10009363290