The paper derives a normative model for partial fiscal equalisation based on a number of axioms and allows for the existence of a specific fiscal need in the jurisdictions. The theoretical model is then empirically tested for the case of the European Union using data from 1986-97. It is found...

The paper derives a normative model for partial fiscal equalisation based on a number of axioms and makes special allowance for the existence of a specific fiscal need in the jurisdictions. A simple version of this idealised equalisation scheme relates net contributions to the equalisation funds...

The mobility of labor reduces national incentives to invest in internationally applicable education. The European Union could overcome this by allowing member states to institute graduate taxes or income-contingent loans, collected also from migrants. This paper presents calculations on how a...

Due to the demographic development, public pension systems in the European Union organized on a pay-as-you-go (PAYG) principle will be forced to either raise contribution rates or taxes, shorten future replacement rates, or enforce a combination of both. In this regard, two important issues have...

Der Geschäftsmodellbegriff ist durch die Wirren der New Economy verstärkt in denVordergrund gerückt. Neue Projekte / Innovationen insbesondere im Internetbereichmüssen auf ökonomische Fragen sinnvoll eingehen und den Mehrwert für Nutzer undBetreiber klar aufzeigen. Eine dieser...

In this paper we introduce a new test of the null hypothesis of nocointegration between a pair of time series. For a very simple generating model, ourtest compares favourably with the Engle-Granger/Dickey-Fuller test and the Johansentrace test. Indeed, shortcomings of the former motivated the...

Entscheidungsunterstützungs- oder Decision Support Systeme (DSS) sind nach Alter(1996) ursprünglich computer-basierte Systeme, die den Benutzer bei der Identifikationund Auswahl geeigneter Entscheidungsalternativen in Situationen, zu denen keine Erfahrungenoder praktischen Lösungsansätze...