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The interest rate and the growth rate : steady-state-efficiency in OLG-models

Suntum, Ulrich van - 2008

A general model of intertemporal consumption choice is developed, following Samuelson`s 1958 OLG-approach. The efficiency properties of the model are discussed with and without the introduction of durable goods, of productive capital, and fiat money. It is shown that the criterion of golden rule...

Persistent link: https://www.econbiz.de/10009354807

Competition and corporate control in partial ownership acquisitions

Stühmeier, Torben - 2016

Competition authorities have a growing interest in assessing the effects of partial ownership arrangements. We show that the effects of such agreements on competition and welfare depend on the intensity of competition in the market and on the firms' governance structure. When assessing the...

Persistent link: https://www.econbiz.de/10011422847

How to overcome the Great Financial Crisis : an asset exchange approach

Suntum, Ulrich van - 2009

The reasons for the current financial crisis are analysed and a proposal for financing a bad bank is made. In particular, it is proposed to give the banks in trouble government zero bonds rather than cash in exchange for their toxic assets. The term of the zero bonds is determined individually...

Persistent link: https://www.econbiz.de/10009355447

The election of a world champion

Langen, Martin; Krauskopf, Thomas - 2010

This paper examines the mechanisms by which a World Champion is chosen in the For-mula One Championship. Furthermore it … Fédération Internationale de l'Automobile (FIA) since the founding of the World Championship in 1950. We show how the election of … a method affects the Formula One contest. We then give insight whether there is a best method to select a World Champion …

Persistent link: https://www.econbiz.de/10009374773

The search for optimal competitive balance in formula one

Krauskopf, Thomas; Langen, Martin; Bünger, Björn - 2010

In this paper an analysis of the determinants of attractiveness of the Formula One is attempted. Therefore the concept of competitive balance will be explained and applied. The principal item of this analysis will be the result that there is an optimal level of competitive balance which...

Persistent link: https://www.econbiz.de/10009374775

Parallel currencies in historical perspective

Berge, Lukas von dem - 2014

Persistent link: https://www.econbiz.de/10010425460

Peeling the onion : analyzing aggregate, national and sectoral energy intensity in the European Union

Löschel, Andreas; Pothen, Frank; Schymura, Michael - 2015

exercise using the World Input-Output Database (WIOD), a harmonized dataset comprising time-series of input-output tables along …

Persistent link: https://www.econbiz.de/10010479008

Ratchet up or down? : an experimental investigation of global public good provision in the United Nations Youth Associations Network

Gallier, Carlo; Kesternich, Martin; Löschel, Andreas; … - 2018

From a current perspective the Paris Agreement is not sufficient to limit the global mean temperature below 2°C above pre-industrial level as intended. The Agreement stipulates that parties review, compare and ratchet up efforts to combat climate change over time. Within this process,...

Persistent link: https://www.econbiz.de/10011778916

From "full life" to "balanced life" : extending Martin Seligman's route to happiness

Prinz, Aloys; Bünger, Björn - 2009 - April 2011 (revised version of "Living in a material world: Happy Income and Happy Life Years")

In this paper, a formalization of Martin Seligman's concept of full life is presented by employing basic microeconomics. With the formalized version of the concept, it can be explained why people differ with respect to the levels of pleasant, engaged and meaningful life they are trying to...

Persistent link: https://www.econbiz.de/10009355445

Does wage rigidity really exist? : new evidence from US panel data

Blanckenburg, Korbinian von; Geist, Alexander; Schmidt, … - 2009

Downward nominal wage rigidity (DNWR) could prevent real wage adjustments in times of low inflation rates. Nominal wage rigidity based on annual wages can at least be reduced, if the number of working hours is considered. This leads to a lower degree of DNWR in hourly wage changes. In this...

Persistent link: https://www.econbiz.de/10009355446