Iannaccone’s (1991) seminal paper assigns basic market principles to the market for religion. Ina competitive market with high religious diversity the level of overall religiosity should increase. TheSecularization Hypothesis suggests that the establishment of new churches casts doubt on the...

Das Ziel der vorliegenden Arbeit ist es, den empirisch gehaltlosen Charakter der modernen, neowalrasianischen Interpretation der 'unsichtbaren Hand' darzustellen und die bisher vernachl?ssigten Leistungen ausgew?hlter klassischer ?konomen zur Bestimmung dieser Metapher hervorzuheben. Anfangs-...

"The market has both a coordination function and an incentive function. The first theorem of welfare economics is all about coordination; the principal-agent model is all about incentives. What is the relative importance of the market in carrying out these two functions? While there has been a...

The market has both a coordination function and an incentive function. The first theorem of welfare economics is all about coordination; the principal-agent model is all about incentives. What is the relative importance of the market in carrying out these two functions? While there has been a...

"The market has both a coordination function and an incentive function. The first theorem of welfare economics is all about coordination; the principal-agent model is all about incentives. What is the relative importance of the market in carrying out these two functions? While there has been a...

Dieser Sammelband enthält acht Beiträge zur gesamtwirtschaftlichen Allokation, welche vorwiegend die globale Aufteilung der knappen Ressourcen auf den privaten und den öffentlichen Wirtschaftssektor, teilweise ergänzt um einen intermediären Bereich, beinhaltet. Die Autoren suchen normativ...