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Edwards and Ogilvie (2008) dispute the empirical basis for the view (Greif, e.g., 1989, 1994, 2006) that multilateral reputation mechanism mitigated agency problems among the eleventh-century Maghribi traders. They assert that the relations among merchants and agents were law-based. This paper...
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Experimental and behavioral economics are well established branches in the economic science. This essay presents and … a brief introduction of what experimental and behavioral economics is, some behavioural regularities as presentation and … discussed. -- public economics ; experimental economics ; behavioral economics ; public policy …
Persistent link: https://www.econbiz.de/10003923675
The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...
Persistent link: https://www.econbiz.de/10009011182
The Swedish Fiscal Policy Council (FPC) set up in 2007 is one example of the recent international trend to create independent fiscal watchdogs. The FPC has established itself as an important participant in the Swedish economic policy discussion. The FPC has small resources and a broad remit...
Persistent link: https://www.econbiz.de/10009488889
Economists, and also economic research institutes, differ in their attitudes towards desirability of economic policies. The policy positions taken can often be determined by ideology. We examine economic policy positions by investigating minority votes in the Joint Economic Forecast of German...
Persistent link: https://www.econbiz.de/10011280858
process of political advice: the traditional approach, the Public Choice approach and the Political Economy of Scientific …
Persistent link: https://www.econbiz.de/10010467840
matter of course that economics should become a natural science. Such a characterization misses an essential aspect of a …
Persistent link: https://www.econbiz.de/10011700543
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