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Social preferences under the shadow of the future

Kölle, Felix; Quercia, Simone; Tripodi, Egon - 2023

Social interactions predominantly take place under the shadow of the future. Previous literature explains cooperation … paper provides a causal test of the importance of social preferences for cooperation, varying the composition of …-registered experiments (N = 1,074), we show that groups of prosocial individuals achieve substantially higher levels of cooperation. The …

Persistent link: https://www.econbiz.de/10014307664

Monetary union, even higher integration, or back to national currencies?

Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2016

This paper quantifies the welfare differences among a monetary union, flexible exchange rates (economic disintegration) and a monetary plus fiscal transfer union (higher economic integration). The vehicle of analysis is a medium-scale New Keynesian DSGE model consisting of two heterogeneous...

Persistent link: https://www.econbiz.de/10011430977

The economics of investor protection : ISDS versus national treatment : presented at CESifo Area Conference on Global Economy, May 2015

Kohler, Wilhelm; Stähler, Frank - 2016 - Version of February 16, 2016

This paper scrutinizes the effects of investor-state dispute settlements (ISDS) and national treatment provisions in a two-period model where foreign investment is subject to domestic regulation and a holdup problem. It shows that ISDS can mitigate the holdup problem and increases aggregate...

Persistent link: https://www.econbiz.de/10011431559

Reconciling insurance with market discipline : a blueprint for a European fiscal union

Dolls, Mathias; Fuest, Clemens; Heinemann, Friedrich; … - 2016

This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...

Persistent link: https://www.econbiz.de/10011431564

Tackling spillovers by taxing corporate income in the European Union at source

Cnossen, Sijbren - 2016 - This version 18 February 2016

This paper surveys and evaluates the corporation tax (CT) systems of the Member States of the European Union on the basis of a comprehensive taxonomy of actual and potential regimes, which have as their base either profits, profits and interest, or economic rents. The current regimes give rise...

Persistent link: https://www.econbiz.de/10011436091

Revenue for EMU : a contribution to the debate on fiscal union

Iara, Anna - 2016

In the wake of the euro area crisis, the debate on instruments to deepen economic integration among its members has intensified, among others putting forward a fiscal stabilization capacity for EMU members. Contributions made so far to further this idea have mostly concentrated on the...

Persistent link: https://www.econbiz.de/10011436156

Explaining the EUA-CER spread

Gronwald, Marc; Hintermann, Beat - 2016

Because of a link between the EU ETS and the Kyoto Flexible Mechanisms, the emission certificates traded on these … spread using a theoretical model that combines three features: A binding limit for the use of Kyoto offsets within the EU ETS … informational frictions governing the use of offsets within the EU ETS. …

Persistent link: https://www.econbiz.de/10011436163

The Euro-Dollar exchange rate : is it fundamental?

Camarero Olivas, Mariam; Ordóñez, Javier; Tamarit … - 2002

In this paper we have applied two approaches to the study of the dollar real exchange rate in relation with the Euro-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus seven developed countries, four of them...

Persistent link: https://www.econbiz.de/10011538958

Money can't buy EU love : European funds and the Brexit referendum

Fidrmuc, Jan; Hulényi, Martin; Tunali, Çiğdem Börke - 2016

favor of remaining in the EU. Somewhat surprisingly, the intensity of immigration from the EU is positively correlated with …

Persistent link: https://www.econbiz.de/10011544086

On the economics and politics of refugee migration

Dustmann, Christian; Fasani, Francesco; Frattini, Tommaso; … - 2016

numerous attempts at developing a common European asylum policy, EU countries continue to differ widely in interpretation and … movements, illegal border crossings, and asylum applications to EU member states. We next turn to the economics of refugee …, we illustrate the economic integration of past refugee migrants to EU countries and conclude with several policy …

Persistent link: https://www.econbiz.de/10011544179