Similar Search Results

Eichner, Thomas; Pethig, Rüdiger - CESifo - 2013

countries is self-enforcing. It is shown that there always exists a rather small stable tax coalition. For some subset of the … parameter space the grand coalition may be stable as well, even if the total number of countries is large. The small stable … coalition is not very effective in mitigating the inefficiency of the non-cooperative Nash equilibrium. The ineffectiveness is …

Persistent link: https://www.econbiz.de/10010706007

Labor Policies and Capital Mobility in Theory and in EMU

Bertola, Giuseppe - CESifo - 2014

“Race-to-the-bottom” deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern...

Persistent link: https://www.econbiz.de/10010877938

Households, Markets and Public Choice

Gersbach, Hans; Haller, Hans - CESifo - 2014

We develop a model that combines competitive exchange of private commodities across endogenously formed groups with public good provision and global collective decisions. There is a tension between local and global collective decisions. In particular, we show that group formation and collective...

Persistent link: https://www.econbiz.de/10010889986

Did the Japanese Patient Follow the Doctor's Orders? Mostly no! A Public Choice Analysis of Greenhouse Gas Emissions Trading Schemes in Japan before and after the Earthquake

Rudolph, Sven; Schneider, Friedrich - CESifo - 2011

The Great Tôhoku-Earthquake and the following nuclear meltdown in Fukushima called the world’s attention to Japans’ energy and climate policy. Japan is one of the biggest emitters of greenhouses gases in the world and still far away from reaching its Kyoto target. Emissions trading systems...

Persistent link: https://www.econbiz.de/10009364314

Privatization in Austria: Some Theoretical Reasons and First Results About the Privatization Proceeds

Belke, Ansgar; Schneider, Friedrich - CESifo - 2004

Persistent link: https://www.econbiz.de/10005766310

The Political Economy of Conscription

Poutvaara, Panu; Wagener, Andreas - CESifo - 2009

Though in decline recently, military conscription is still a widely used mode of staffing armies. Since not many valid economic, social or military arguments in favor of the draft can be put forward, the question emerges why societies choose to rely on it. In this survey we explain the political...

Persistent link: https://www.econbiz.de/10008583739

Tullock Challenges: Happiness, Revolutions and Democracy

Frey, Bruno S. - CESifo - 2011

Gordon Tullock has been one of the most important founders and contributors to Public Choice. Two innovations are typical “Tullock Challenges”. The first relates to method: the measurement of subjective well-being, or happiness. The second relates to digital social networks such as Facebook,...

Persistent link: https://www.econbiz.de/10009019143

A Strategic R&D Investment with Flexible Development Time in Real Option Game Analysis

Villani, Giovanni - CESifo - 2009

The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV (Net Present Value), it considers the managerial flexibility that may be expand the investment opportunity value. However, most R&D investment projects are open to competing...

Persistent link: https://www.econbiz.de/10005013067

Tacit Collusion under Imperfect Monitoring in the Canadian Manufacturing Industry: An Empirical Study

Resende, Marcelo; Zeidan, Rodrigo M. - CESifo - 2011

The paper undertakes a cross-sectoral analysis of a salient empirical implication of the model of tacit collusion advanced by Abreu et al (1986). Specifically, the prevalence of a first order Markovian process for alternating between price wars and collusive periods is assessed by means of...

Persistent link: https://www.econbiz.de/10009352229

The Eurozone Needs Exit Rules

Fahrholz, Christian; Wójcik, Cezary - CESifo - 2012

This paper argues that the key issue for defining and solving the Eurozone’s (EZ) difficulties lies in readjusting the relationship between the centre and the periphery of the EZ. Our argument proceeds in two steps. Firstly, the basic finance problem of a centre-periphery system is captured by...

Persistent link: https://www.econbiz.de/10010553271