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Developing Country Second-Mover Advantage in Competition Over Environmental Standards and Taxes
Groenert, Valeska - 2014
We show that, in competition between a developed country and a developing country over environmental standards and … environmental-standard levels. We introduce this feature to an otherwise familiar model of fiscal competition. Four distinct …
Persistent link: https://www.econbiz.de/10013066914
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Labor Policies and Capital Mobility in Theory and in EMU
Bertola, Giuseppe - 2014
“Race-to-the-bottom” deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern...
Persistent link: https://www.econbiz.de/10013048889
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Fiscal and Migration Competition
Razin, Assaf - 2010
It is often argued that tax competition may lead to a ‘race to the bottom'. This result may indeed hold in the case of … importantly also by the benefits that the welfare state provides. The paper analyzes fiscal competition with and without migration … productivity) engage in fiscal competition. Using numerical simulations we examine how the migration and tax policies are shaped …
Persistent link: https://www.econbiz.de/10013142237
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Informational Requirements of Nudging
Benkert, Jean-Michel - 2015
A nudge is a non-coercive paternalistic intervention that attempts to improve choices by manipulating the framing of a decision problem. As any paternalism, it faces the difficulty of determining the appropriate welfare criterion. We propose a welfare-theoretic foundation for nudging similar in...
Persistent link: https://www.econbiz.de/10013023118
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Information Aggregation in Democratic Mechanisms
Britz, Volker - 2016
We examine whether and how democratic procedures can achieve socially desirable public good provision in the presence of profound uncertainty about the benefits of public goods, i.e., when citizens are able to identify the distribution of benefits only if they aggregate their private...
Persistent link: https://www.econbiz.de/10012994342
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On the Optimal Use of Correlated Information in Contractual Design Under Limited Liability
Danau, Daniel - 2018
Riordan and Sappington (JET, 1988) show that in an agency relationship in which the agent's type is correlated with a public ex post signal, the principal may attain first best (full surplus extraction and efficient output levels) if the agent is faced with a lottery such that each type is...
Persistent link: https://www.econbiz.de/10012917515
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Optimal Revelation of Life-Changing Information
Schweizer, Nikolaus; Szech, Nora - 2021
Information about the future may be instrumentally useful, yet scary. For example, many patients shy away from precise genetic tests about their dispositions for severe diseases. They are afraid that a bad test result could render them desperate due to anticipatory feelings. We show that...
Persistent link: https://www.econbiz.de/10013315497
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Political Capitalism : The Interaction between Income Inequality, Economic Freedom and Democracy
Krieger, Tim - 2016
, competition and protecting its rents. Running a series of dynamic panel estimations, we show that the negative effect of income …
Persistent link: https://www.econbiz.de/10012999751
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Emotions in Litigation Contests
Baumann, Florian - 2011
This paper introduces the concept of emotions into the standard litigation contest. Positive (negative) emotions emerge when litigants win (lose) at trial and are dependent in particular on the level of defendant fault. Our findings establish that standard results of litigation contests change...
Persistent link: https://www.econbiz.de/10013129864
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A Simple Model of Health Insurance Competition
Kemnitz, Alexander - 2010
This paper investigates competition between health insurance companies under different financing regulations. We … consider two alternatives advanced in recent German health care reform discussions: competition by contribution rates (health … contributions) and by fees (health premia). We find that contribution rate competition yields lower company profits and higher …
Persistent link: https://www.econbiz.de/10013136650