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Revenue autonomy preference in German state parliaments

Heinemann, Friedrich (contributor) - 2013

Fiscal federalism in Germany is characterized by lacking sub-national tax autonomy and intensive fiscal equalization. Due to a sunset clause, the current equalization system has to be renegotiated by the year 2019. Against this backdrop, this contribution studies the reform preferences of...

Persistent link: https://www.econbiz.de/10010203498

Strategic pricing, market entry and competition : evidence from German electricity submarkets

Nikogosian, Vigen; Veith, Tobias - 2011

more costly option for customers who have not switched to an alternative contract yet. As most German households are served … with this contract type we follow the Limit Pricing theory and show that standard contract price could be used as an … contract price could increases the incumbent’s profit. We then analyze our theoretical findings employing data for German …

Persistent link: https://www.econbiz.de/10009424152

Registered cartels in Austria : an overview

Fink, Nikolaus; Schmidt-Dengler, Philipp; Stahl, Konrad; … - 2015 - This version: 16 November 2015

Cartels were legal to a large extent in Austria until the country’s EU Accession in 1995. We examine archival material on registered horizontal cartels to learn about their inner working. Applying content analysis to legally binding cartel contracts, we comprehensively document different...

Persistent link: https://www.econbiz.de/10011393136

Efficient contracts for government intervention in promoting next generation communications networks

Briglauer, Wolfgang; Holzleitner, Christian - 2014

intervention. We contend, however, that the current contract practice of fixing ex ante targets for network expansion is …

Persistent link: https://www.econbiz.de/10010258770

What do economists tell us about venture capital contracts?

Tykvová, Tereza - 2000

Venture capital markets are characterized by multiple incentive problems and asymmetric information in an uncertain environment. All kinds of agency problems are present: moral hazard, adverse selection, hold-up problems, window dressing, etc. Entrepreneurs and venture capitalists enter into...

Persistent link: https://www.econbiz.de/10011445155

Registered cartels in Austria : coding protocol

Fink, Nikolaus; Schmidt-Dengler, Philipp; Stahl, Konrad; … - 2014

In the period following WW II. until the country accessed the European Union, cartels were legalized in Austria, upon registration with the Austrian Cartel Court. We obtained access to the registration data, and scanned them all towards a microeconomic analysis of contracting behavior between...

Persistent link: https://www.econbiz.de/10010458226

Contract design with limited commitment

Gretschko, Vitali; Wambach, Achim - 2018

We consider the problem of a principal who wishes to contract with a privately informed agent and is not able to commit … renegotiate the resulting contract without cost by proposing a new mechanism any number of times. We provide a general …

Persistent link: https://www.econbiz.de/10011946012

The economics of adaptation to climate change : the case of Germany

Dannenberg, Astrid; Mennel, Tim; Osberghaus, Daniel; … - 2009

Given the ubiquitous scarcity of resources an economic approach is necessary in order to determine an optimal strategy of adaptation to climate change. In this paper we develop an economic framework for the study of adaptation which allows us to distinguish between decentralized adaptation by...

Persistent link: https://www.econbiz.de/10003881582

The impact of fiscal equalization on local expenditure policies : theory and evidence from Germany

Hauptmeier, Sebastian (contributor) - 2007

This paper uses a simple model of fiscal competition in taxes and public inputs among local jurisdictions to analyze the incentive effects of fiscal equalization transfers. We find that a budget-compensated increase in the contribution rate to a system of fiscal equalization not only induces...

Persistent link: https://www.econbiz.de/10003608098

Intergovernmental grants and public input provision : theory and evidence from Germany

Hauptmeier, Sebastian (contributor) - 2007

This paper uses a simple model of fiscal competition between local jurisdictions to analyse the impact of intergovernmental grants on the composition of public spending. We find that a higher degree of redistribution within a system of ʺfiscal equalisationʺ coincides with a smaller overall...

Persistent link: https://www.econbiz.de/10003412064