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Matching as a Cure for Underprovision of Voluntary Public Good Supply: Analysis and an Example

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - CESifo - 2011

Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good economy and to cure the underprovision problem associated with private provision of public goods. The desired Pareto optimal interior matching equilibrium, however, emerges only...

Persistent link: https://www.econbiz.de/10008872210

Potentially Harmful International Cooperation on Global Public Good Provision

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - CESifo - 2012

Recent international climate negotiations suggest that complete agreements are unlikely to materialize. Instead, partial cooperation between like-minded countries appears a more likely outcome. In this paper we analyze the effects of such partial cooperation between like-minded countries. In...

Persistent link: https://www.econbiz.de/10010559785

Are Nash Tax Rates too Low or too High? An Example of the Role of Economic Growth in Models with Public Goods

Philippopoulos, Apostolis; Economides, George - CESifo - 2000

We reconsider the conventional wisdom that, in the presence of public goods and distortionary taxation, Nash tax rates are inefficiently low due to free riding. We use a model in which the public good is natural resources. Specifically, a general equilibrium model of a world economy, in which...

Persistent link: https://www.econbiz.de/10005181430

Endogenous Systemic Liquidity Risk

Cao, Jin; Illing, Gerhard - CESifo - 2009

Traditionally, aggregate liquidity shocks are modelled as exogenous events. Extending our previous work (Cao & Illing, 2008), this paper analyses the adequate policy response to endogenous systemic liquidity risk. We analyse the feedback between lender of last resort policy and incentives of...

Persistent link: https://www.econbiz.de/10005000382

The Power of a Bad Example - A Field Experiment in Household Garbage Disposal

Dur, Robert; Vollaard, Ben - CESifo - 2014

Field-experimental studies have shown that people litter more in more littered environments. Inspired by these findings, many cities around the world have adopted policies to quickly remove litter. While such policies may prevent people from following the bad example of litterers, they may also...

Persistent link: https://www.econbiz.de/10010764300

Trade Union Membership and Dismissals

Goerke, Laszlo; Pannenberg, Markus - CESifo - 2010

In Germany, there is no trade union membership wage premium, while the membership fee amounts to 1% of the gross wage. Therefore, prima facie, there are strong incentives to free-ride on the benefits of trade unionism. We establish empirical evidence for a private gain from trade union...

Persistent link: https://www.econbiz.de/10008671688

Free-riding or Internalizing? An Opportunistic View on Decentralization versus Centralization

Fiorillo, Fabio; Sacchi, Agnese - CESifo - 2011

comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright … rent-seeking behaviour. Moreover, modelling interregional externalities as a mechanism contributing to lowering the … production cost of the public good in each region, a different trade-off - from the traditional and new theory of fiscal …

Persistent link: https://www.econbiz.de/10008833915

Brothers in Arms - An Experiment on the Alliance Puzzle

Ke, Changxia; Konrad, Kai A.; Morath, Florian - CESifo - 2010

would be expected from non-cooperative theory. Second, this possible solidarity among ‘brothers in arms’ when fighting …

Persistent link: https://www.econbiz.de/10008833917

Hurricane Insurance in Florida

Jametti, Mario; Ungern-Sternberg, Thomas von - CESifo - 2009

This paper studies the evolution of hurricane insurance in Florida over the last decades. Hurricanes (and other natural catastrophes) are typically referred to as “uninsurable” risks. The more exposed property owners find it difficult to obtain insurance cover from the private market and/or...

Persistent link: https://www.econbiz.de/10005013949

Optimal Harvesting of a Spatial Renewable Resource

Behringer, Stefan; Upmann, Thorsten - CESifo - 2012

In this paper we investigate optimal harvesting of a renewable natural resource. While in the standard approach the resource is located at a single point in space we allow for the resource to be distributed over the plane. Consequently, an agent who exploits the resource has to travel from one...

Persistent link: https://www.econbiz.de/10010598511

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