Gegenstand der Arbeit ist die Bestimmung von optimalen Produktions- programmen öffentlicher Unternehmen mit Hilfe von Schattenpreisen und geeigneten Verhaltensvorschriften für die Manager dieser Unternehmen. Zur Ableitung finanzpolitisch relevanter Ergebnisse wird dabei der Tatsache Rechnung...

We study the effects of risk and uncertainty on education in Indonesia. Households that face more uncertainty, and that have limited or no access to formal insurance, will have a higher motive for self-insurance and this may have adverse consequences for investment in child education. A key...

International investors' enthusiasm with respect to growth prospects in Southeast Asia has been followed by panic. Both the outstanding economic performance of Southeast Asian economies and their ability to master adjustment challenges had led most observers of these economies to the conclusion...

This paper analyzes environmental expenditures in Indonesia – a significant newly industrializing economy – reported at the plant level comprising all 23 thousand manufacturing establishments with more than 20 employees. Since compliance is barely enforced, pollution abatement expenditures...