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A Multiplicity of Approaches to Institutional Analysis. Applications to the Government and the Arts
Frey, Bruno S. - CESifo - 2009
political science, sociology, psychology, law and anthropology) is fruitful to explain institutions because it allows us to …
Persistent link: https://www.econbiz.de/10005013048
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Geography, Institutions, and the Making of Comparative Development
Auer, Raphael A. - CESifo - 2012
the historical determinants of institutions with the sizeable direct impact of geographic endowments on development. …
Persistent link: https://www.econbiz.de/10010556461
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World Price Shocks, Income, and Democratization
Zissimos, Benjamin - CESifo - 2015
This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world price shock can push the country into a situation...
Persistent link: https://www.econbiz.de/10011194242
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On the Political Economy of Environmental Policy
Kirchgässner, Gebhard; Schneider, Friedrich - CESifo - 2002
In the past there was hardly any use of economic instruments in environmental policy, mainly command and control measures were used. More recently, ecological taxes as well as tradable permits became more popular and voluntary agreements have been imple-mented. Using the Public Choice ap-proach...
Persistent link: https://www.econbiz.de/10005051508
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Determinants of Human Development: Capturing the Role of Institutions
Binder, Michael; Georgiadis, Georgios - CESifo - 2011
’ persistent characteristics, such as their institutions. Among our findings are that macroeconomic policies affect development …
Persistent link: https://www.econbiz.de/10008914288
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Investment Policy for Time-Inconsistent Discounters
Harstad, Bård - CESifo - 2013
the current principal prefers her future self to save more, she can increase current investments complementary to future … savings and decrease investments in the strategic substitutes, for example. To characterize the principal’s choices they are … benefits from subsidizing investments in “green” capital (complementary to future savings) and tax investments in substitute …
Persistent link: https://www.econbiz.de/10010877709
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Why Uncertainty Matters - Discounting under Intertemporal Risk Aversion and Ambiguity
Traeger, Christian - CESifo - 2012
Uncertainty has an almost negligible impact on project value in the economic standard model. I show that a comprehensive evaluation of uncertainty and uncertainty attitude changes this picture fundamentally. The analysis relies on the discount rate, which is the crucial determinant in balancing...
Persistent link: https://www.econbiz.de/10009645646
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Food Prices and Political Instability
Arezki, Rabah; Brückner, Markus - CESifo - 2011
increases in the international food prices lead to a significant deterioration of democratic institutions and a significant … in the international food prices have no significant effects on democratic institutions and measures of intra …
Persistent link: https://www.econbiz.de/10009274520
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Do Permit Allocations Matter?
Verbon, Harrie A. A; Withagen, Cees A. - CESifo - 2010
In the standard setting a system of tradable permits is effective and cost-efficient in attaining the policy objective of pollution reduction. This outcome is challenged in case of a tradable permit system in a federal system/constitution with individual states having discretionary power...
Persistent link: https://www.econbiz.de/10008727284
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Estimating Fluctuations in Oil and Gas Investment
Dahl, Roy Endré; Osmundsen, Petter - CESifo - 2014
Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...
Persistent link: https://www.econbiz.de/10010948869