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We study the strategic incentives of regional governments to allocate their budget to public investment and to public consumption expenditures against the background of an incentive-compatible redistribution policy set by the central government. Regional investment changes the productivity...
Persistent link: https://www.econbiz.de/10010429124
Critical-level (CL) utilitarianism with both fixed and variable critical levels is applied to the problem of redistribution in a federation with free mobility. We are interested in intra-regional inequality when redistribution policies are organized decentrally in a federation. Due to free...
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This study analyzes the interaction between distorted election choices and the architecture of government with a focus on the implications for the accountability of politicians. Contrasting centralized with decentralized political systems, it is shown that centralization is likely to result in...
Persistent link: https://www.econbiz.de/10003867965
The population dynamics in a food chains are derived from a sequence of short- run equilibria of an ecosystem where predator species demand prey biomass, supply own biomass to their predators and are assumed to behave as if they maximize net biomass intake. Introducing prices as scarcity...
Persistent link: https://www.econbiz.de/10011525144
Based on economic methodology we model an ecosystem with two species in predator-prey relationship: mice feed on grain and grain feeds on a resource. With optimizing behavior of individual organismus a short-run ecosystem equilibrium is defined and characterized that depends on the farmer's use...
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