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The present research relaxes three of the usual assumptions made in the insurance literature. It is assumed that (1) there is a finite number of risks, (2) the risks are not statistically independent and (3) the structure of the market is monopolistic. In this context, the article analyses two...
Persistent link: https://www.econbiz.de/10010820477
This paper analyses the effect of public expenditure on economic growth from both a theoretical and an empirical point of view. Given that the economic literature supplies numerous and conflicting views on the topic, the article offers a framework combining both theories of market failures and...
Persistent link: https://www.econbiz.de/10010635201
Corporate social responsibility is increasingly discussed in economics and management studies today. Corporate leaders …. But what exactly is corporate responsibility? Is it a mere concept currently in vogue, or is it a new structural approach … which could indeed take responsibility into account insofar as long-term environmental preservation is concerned? In order …
Persistent link: https://www.econbiz.de/10010933796
When a deficit occurs in the funding of collective goods, it is usually covered by raising the amount of taxes or by rationing the supply of the goods. This article compares the efficiency of these institutions. We report the results of a 2x2 experiment based on a game in the first stage of...
Persistent link: https://www.econbiz.de/10010750660
When a deficit occurs in the funding of collective goods, it is usually covered by raising the amount of taxes or by rationing the supply of the goods. This article compares the efficiency of these institutions. We report the results of a 2x2 experiment based on a game in the first stage of...
Persistent link: https://www.econbiz.de/10010750939
lists the multiple interpretations of responsibility that should be taken into account, then proceeds to an empirical … responsibility. The paper concludes with a series of policy implications. The role of New Product Committees could be better …
Persistent link: https://www.econbiz.de/10010820476
This a chapter for the Handbook of Social Choice and Welfare. It deals with the theory of fairness applied to situations when individuals are partly responsible for their characteristics.
Persistent link: https://www.econbiz.de/10008793496
This study deals with responsibility as part of innovation. By nature, innovation gives birth to development for the … responsibility, the consequence of each innovation. Moreover, common acceptance of the word 'responsibility' raises some questions … about its use and how it should be understood. What does 'responsibility' mean? Who is responsible and for what? Through the …
Persistent link: https://www.econbiz.de/10010696188
This paper seeks to contribute to the emerging stream of literature on the problematics of accountability (Messner, 2009; Roberts, 2009; McKernan, 2011) and the possibilities of accounterability (Kamuf, 2007) by questioning whether and how accounterability can appear as a response to the problematics of...
Persistent link: https://www.econbiz.de/10010635263
Prior to the 2008 financial crisis, the economic model of PPPs benefited from a very favorable environment in terms of credit availability and cost. The high level of liquidity in financial markets allowed rising abundant and not expensive external resources, because of both the low level of...
Persistent link: https://www.econbiz.de/10010541078