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Liliput oder Leviathan? Der Staat in der Globalisierten Wirtschaft
Frey, Bruno S. - Institut für Volkswirtschaftslehre, …
Globalization is often seen to result in a smaller (Liliput) or larger (Leviathan) state. But future public activity will be more flexible. Persons have multiple identities. They can be citizens of sub- and supra-national jurisdictions, semi- and non-governmental organizations and private units,...
Persistent link: https://www.econbiz.de/10005184879
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God does not play dice, but people should: random selection in politics, science and society
Frey, Bruno S.; Steiner, Lasse - Institut für Volkswirtschaftslehre, … - 2014
This paper discusses and proposes random selection as a component in decision-making in society. Random procedures have played a significant role in history, especially in classical Greece and the medieval city-states of Italy. We examine the important positive features of decisions by random...
Persistent link: https://www.econbiz.de/10010817312
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Choice Democracy
Ledoit, Olivier - Institut für Volkswirtschaftslehre, … - 2011
government agencies. We argue that this system makes democracy more stable by reducing the risk of revolutionary and financial …Democracy is defined by two core tenets: voice and pluralism. Within these constraints, a wide variety of regime types … can be designed. We show that the only new, untested form of democracy is when every citizen is governed by the political …
Persistent link: https://www.econbiz.de/10009358880
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Tullock Challenges: happiness, revolutions and democracy
Frey, Bruno S. - Institut für Volkswirtschaftslehre, … - 2011
government”. To restrain government manipulation one has to turn to Constitutional Economics and increase the possibilities for …
Persistent link: https://www.econbiz.de/10009003653
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Learning, public good provision, and the information trap
Berentsen, Aleksander; Bruegger, Esther; Loertscher, Simon - Institut für Volkswirtschaftslehre, … - 2008
We consider an economy where decision maker(s) do not know the true production function for a public good. By using Bayes rule they can learn from experience. We show that the economy may learn the truth, but that it may also converge to an inefficient policy where no further inference is...
Persistent link: https://www.econbiz.de/10005585619
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The Role of Direct Democracy and Federalism in Local Power
Frey, Bruno S.; Stutzer, Alois - Institut für Volkswirtschaftslehre, …
Alienation to politics weakens political competition and can undermine the acceptance and legitimacy of democracy as a … and local government institutions, political representatives and officials. This relationship is fundamentally shaped by … the federal structure of a nation’s government and by the scope and depth of citizens’ participation possibilities in the …
Persistent link: https://www.econbiz.de/10005585649
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Happiness, Economy and Institutions
Frey, Bruno S.; Stutzer, Alois - Institut für Volkswirtschaftslehre, …
A cross-regional econometric analysis suggests that institutional factors in the form of direct democracy (via …
Persistent link: https://www.econbiz.de/10005627842
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Improving efficiency through consolidation of jurisdictions? Evidence from the cantons of Switzerland
Widmer, Philippe K.; Elias, George; Zweifel, Peter - Institut für Volkswirtschaftslehre, … - 2012
Envelopment Analysis (DEA) to the years 2000 to 2004. Aggregate output performance indicators for four local government activities …
Persistent link: https://www.econbiz.de/10010817292
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Public Good Provision in a Federalist Country: Tiebout Competition, Fiscal Equalization, and Incentives for Efficiency in Switzerland
Widmer, Philippe K.; Zweifel, Peter - Institut für Volkswirtschaftslehre, … - 2008
The purpose of this paper is twofold. First, it measures the efficiency in the provision of public goods by local jurisdictions applying Data Envelopment Analysis (DEA). Second, it relates ef- ficiency scores to a fiscal equalization scheme designed to mitigate the negative consequences of...
Persistent link: https://www.econbiz.de/10005756622
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Competitive Markets without Commitment
Netzer, Nick; Scheuer, Florian - Institut für Volkswirtschaftslehre, … - 2008
In the presence of a time-inconsistency problem with optimal agency contracts, we show that competitive markets implement allocations that Pareto dominate those achieved by a benevolent planner, they induce strictly more effort, and they sometimes make the commitment problem disappear entirely....
Persistent link: https://www.econbiz.de/10005756642