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Considerable experimental evidence has been collected on how to solve the public-good dilemma. In a 'first generation' of experiments, this was done by presenting subjects with a pre-specified game out of a huge variety of rules. A 'second generation' of experiments introduced subjects to two...
Persistent link: https://www.econbiz.de/10005108453
analysis in this paper involves some methods that are new to the theory of mechanism design, and it is also a purpose of this …
Persistent link: https://www.econbiz.de/10008855815
George Orwell is famous for his two final fictions, Animal Farm and Nineteen Eighty-Four. These two works are sometimes understood to defend capitalism against socialism. But as Orwell was a committed socialist, this could not have been his intention. Orwell's criticisms were directed not...
Persistent link: https://www.econbiz.de/10011274383
considered a “social theory” or a “social philosophy”. The paper pivots around the thesis that the “social philosophy” behind the … relationship to Public Choice theory and alternative visions of public goods analysis, public administration, and governance. The …
Persistent link: https://www.econbiz.de/10009294913
This article offers an approach to the general structure of the rhetoric in economy. In our case we adopted a perspective to study a particular aspect of the rhetoric that comes from the context of a particular controversy: the controversy on the advantages of the free commerce between Daly and...
Persistent link: https://www.econbiz.de/10009372536
of specific research groups and medium-sized companies in biotechnology. We consider an application of economic theory on …
Persistent link: https://www.econbiz.de/10009395480
of specific research groups and medium-sized companies in biotechnology. We consider an application of economic theory on …
Persistent link: https://www.econbiz.de/10009395487
Political scientists and economists increasingly agree that institutions may influence economic growth, but there is little general agreement on what institutions tend to produce what consequences. We apply public choice insights for a theoretical analysis that may be termed “Madisonian”:...
Persistent link: https://www.econbiz.de/10009421987
The paper analyzes European integration from a constitutional economics perspective. It is argued that the use of the Prisoners' Dilemma as a description of the advantages of European integration is fallacious. If the situation is a PD, the solution is impossible; if it is not, it is unnecessary.
Persistent link: https://www.econbiz.de/10009644912
In this paper we present a two stage game of political lobbying for policies designed to enhance environmental quality. Unlike previous work which has tended to assume perfect monitoring of environmental quality in lobbying games we allow for imperfect monitoring of environmental quality. We...
Persistent link: https://www.econbiz.de/10005835582