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Effort and performance in public-policy contests

Epstein, Gil S.; Nitsan, Shemuʾel - 2002

Government intervention often gives rise to contests in which the possible 'prizes' are determined by the existing status-quo and some new public- policy proposal . In this paper we study the general class of such two-player public-policy contests and examine the effect of a change in the...

Persistent link: https://www.econbiz.de/10001648839

Corruption and the shadow economy

Choi, Jay Pil; Thum, Marcel - 2002

This paper develops a simple framework to analyze the links between corruption and the unofficial economy and their implications for the official economy. In a model of self-selection with heterogeneous entrepreneurs, we show that the entrepreneurs' option to flee to the underground economy...

Persistent link: https://www.econbiz.de/10001648902

Why people obey the law : experimental evidence from the provision of public goods

Tyran, Jean-Robert; Feld, Lars P. - 2002

According to economists, severe legal sanctions deter violations of the law. According to legal scholars, people may obey law backed by mild sancions because of norm-activation. We experimentally investigate the effects of mild and severe legal sanctions in the provision of public goods. The...

Persistent link: https://www.econbiz.de/10001649176

Public economics and startup entrepreneurs

Boadway, Robin W.; Tremblay, Jean-Francois - 2003

face problems in obtaining credit at efficient terms if there are information asymmetries in markets for either loan or … equity finance. Finally, asymmetric information may also plague new firms in the hiring of workers. These various …

Persistent link: https://www.econbiz.de/10001750158

Do social policies harm employment and growth?

Ploeg, Frederick van der - 2003

In economies with competitive labour markets social policies harm employment and output. In Europe, in particular, non-competitive labour markets with trade unions, efficiency wages and/or costly search and mismatch seem more realistic. Social policies such as progressive taxation or...

Persistent link: https://www.econbiz.de/10001750168

Gains from trade in tax revenue and the efficiency case for trade taxes

Edwards, Jeremy S. S. - 2003

The paper analyses the gains from trade in distortionary tax revenue between countries, focussing on the case where lump-sum reveue transfers are restricted. In this case, trade taxes can be used to transfer government revenue between countries, and such taxes will typically be used in...

Persistent link: https://www.econbiz.de/10001750249

Restraining the genuine Homo economicus: why the economy cannot be divorced from its governance

Skaperdas, Stergios - 2003

The Homo economicus of traditional economics is far from being completely self-interested, rational, or as individualistic as he is purported to be; he will haggle to death over price but will not take what he wants by force. Implicitly, he is assumed to behave ruthlessly within a welldefined...

Persistent link: https://www.econbiz.de/10001750260

Producing and manipulating information

Dur, Robert A. J.; Swank, Otto H. - 2003

To reduce the chances of policy failures, policy makers need information about the effects of policies. Sometimes …, policy makers can rely on agents who already possess the information. Often, the information has yet to be produced. This … information. Second, when the expert has an interest in the policy outcome, she may manipulate information to bring the policy …

Persistent link: https://www.econbiz.de/10001750299

Collective investment decision making with heterogeneous time preferences

Gollier, Christian; Zeckhauser, Richard - 2003

We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular, they have different discount factors for utility, possibly not exponential. We characterize the properties of efficient allocations of resources and of shadow prices that would...

Persistent link: https://www.econbiz.de/10001750827

Optimal design of intergovernmental grants under asymmetric information

Huber, Bernd; Runkel, Marco - 2003

block grants or closed-ended matching grants to local governments. We consider a federation with two types of local … cannot observe the type of a jurisdiction. In this asymmetric information setting it is shown that the second-best optimum … can be decentralized with the help of categorical block grants and closed-ended matching grants, but not with …

Persistent link: https://www.econbiz.de/10001750832