Was kann in Europa getan werden, damit Wachstumsprognosen der EU wieder nach oben korrigiert werden und die Wettbewerbsfähigkeit Europas wieder hergestellt wird? Nach Ansicht von Werner Hoyer, Präsident der Europäischen Investitionsbank, sollten die Schaffung günstiger Rahmenbedingungen...

We develop a framework that examines the organizational challenges faced by central rulers governing large territories, where administrative power needs to be delegated to local elites. We describe how economic change can motivate rulers to empower different elites and emphasize the interaction...

Nach den Ergebnissen des neueste ifo Investitionstests bei den deutschen Leasinggesellschaften konnte das Neugeschäft mit Mobilien 2003 um 2,1% und 2004 um etwa 5% gesteigert werden, während das Immobilien-Leasing zurückging (2003: - 16%; 2004: - 20%). Vom Potential her könnten die...

Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...

We construct a simple model where political elites may block technological and institutional development, because of a 'political replacement effect'. Innovations often erode elites' incumbency advantage, increasing the likelihood that they will be replaced. Fearing replacement, political elites...

European countries are much more generous to the poor relative to the US level of generosity. Economic models suggest that redistribution is a function of the variance and skewness of the pre-tax income distribution, the volatility of income (perhaps because of trade shocks), the social costs of...

This paper formalizes the principle that persecution power of government may generate violent contests over it. We show that this principle yields a large set of theoretical insights on different separation-of-powers institutions that can help to preempt such contests under different...

In seiner Rede beim 3. Munich Economic Summit am 18. Juni 2004 setzte sich Prof. David E. Wildasin, University of Kentucky, mit der Zukunft des Sozialstaates auseinander. Er analysiert die Auswirkung der wirtschaftlichen Integration, vor allen Dingen der Integration von Arbeits- und...