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Sundararajan, Arun - EconWPA - 2003

This paper analyzes optimal pricing for information goods under incomplete information, when both unlimited-usage (fixed-fee) pricing and usage-based pricing are feasible, and administering usage-based pricing may involve transaction costs. It is shown that offering fixed- fee pricing in...

Persistent link: https://www.econbiz.de/10005561446

The Institutional Character of Electronic Money Schemes: Redeemability and the Unit of Account

Schmitz, Stefan W. - EconWPA - 2002

A number of commentators have argued that technological innovation is about to change the institutional structure of the retail payments system. Through the potential private issue of currency via new electronic payments systems – electronic money – individuals will create currencies based...

Persistent link: https://www.econbiz.de/10005076672

Carl Menger’s “Money” and the Current Neoclassical Models of Money

Schmitz, Stefan W. - EconWPA - 2002

The paper analyzes three neoclassical models of money with emphasis on the equilibrium concepts employed. It is argued that the neoclassical theories fail to analyze the emergence of the social institution of money. Instead, they focus on the consistency of individual decisions regarding the...

Persistent link: https://www.econbiz.de/10005126420

The Demand for Stored Value Payment Instruments

Ingo, Pippow; Detlef, Schoder - EconWPA - 2002

Due to their functionality, stored value purses based on smart card technology are prominent candidates for being the dominant medium of exchange for micropayments. However, the overall prospects of these payment systems are yet ambiguous, both from the perspective of practice and monetary...

Persistent link: https://www.econbiz.de/10005134968

Doing Without Money: A critical assessment of Woodford's analysis.

Rogers, Colin - EconWPA - 2004

Woodford employs an inter-temporal general equilibrium model to examine the properties of the monetary system as it evolves form the use of a physical medium of exchange to an electronic medium. He presents a structure in which cash as a means of payment can be made to vanish at the limit but...

Persistent link: https://www.econbiz.de/10005412546

Die Auswirkungen von Zahlungsverkehrs¬innovationen auf die Geldpolitik

Schmitz, Stefan W. - EconWPA - 2005

This paper analyses the effects of innovations in retail payment systems on the conduct and implementation of monetary policy. Recent innovations in retail payment systems (access products and electronic money products) are placed in the context of historical institutional change in the...

Persistent link: https://www.econbiz.de/10005412855

Electronic Money, Money, and Banking Intermediation (Monnaie électronique, monnaie et intermédiation bancaire)

Piffaretti, Nadia F. - EconWPA - 2000

Extensive theoretical analysis of electronic money and electronic money systems based on quantum theoretical approach. Fundamental critique to traditional approach to electronic money.

Persistent link: https://www.econbiz.de/10005561263

REFORMS IN TAX-BENEFIT SYSTEMS IN ORDER TO INCREASE EMPLOYMENT INCENTIVES IN THE EU

Carone, Giuseppe; Salomaki, Aino - EconWPA - 2004

In this paper we discuss the role of tax and benefit systems in the context of the functioning of the labour markets … and review recent progress made by EU Member States in reforming tax and benefit systems with a view to increasing … try to assess whether concrete measures are being taken by Member States to alleviate the tax pressure on labour and …

Persistent link: https://www.econbiz.de/10005125749

Bad Policies Under an Autocrat's Production

Jeong, Byeongju - EconWPA - 2001

and thereby increases the surplus from his production. Thus the autocrat chooses a tax rate that is higher than the … productivity of private producers through confiscation, neglect of public goods, and other non-tax policies. I argue that the story …

Persistent link: https://www.econbiz.de/10005125892

Nursing home subsidies

Commission, Productivity - EconWPA - 2001

On 13 July 1998 the Treasurer referred the current and alternative funding methodologies for nursing home subsidy rates to the Productivity Commission for inquiry and report within six months. The Aged Care Structural Reform Package, announced in the August 1996 Budget, included a process of...

Persistent link: https://www.econbiz.de/10005134620