Showing 1 - 10 of 261
This paper develops a model of centralized public spending where decision-makers are the regional median voters instead of the national median voter of the received literature. Regional representatives decide the level of public spending by bargaining in the central legislature. We study how...
Persistent link: https://www.econbiz.de/10011110177
The demographic database of Eurostat and of Us Census of Bureau are explored and the main facts are extracted and described. This paper is completely self-standing but is also part of a more general analysis dedicated to the functioning and sustainability of pay-as-you-go to finance the welfare...
Persistent link: https://www.econbiz.de/10011110362
In the mid-2000s, U.S. anti-opium policy intensified with a goal of reducing the resources available to Afghan insurgents. To achieve this objective, I show that opium suppression efforts must accurately distinguish between insurgent and non-insurgent suppliers. The required level of accuracy...
Persistent link: https://www.econbiz.de/10011111558
This paper revisits the relationship between inequality and redistribution in a panel of advanced OECD countries. Using …-monotonic relationship between pre-tax-and transfer distribution of income and redistribution. Relative to mean income, a more affluent rich … and middle class are associated with less redistribution and a richer poor class is associated with more redistribution …
Persistent link: https://www.econbiz.de/10008646770
-northern regions to retain resources otherwise wasted in the South. We argue that such a view muddles up efficiency and redistribution …
Persistent link: https://www.econbiz.de/10009018276
In this paper it is argued that privatization is not the only alternative to public ownership. Adopting the incomplete contract approach, it is shown that partial privatization may well be the optimal ownership structure. While in the standard incomplete contract model joint ownership is usually...
Persistent link: https://www.econbiz.de/10005790035
Since the fiscal burden of the citizens in the Republic of Croatia has reached its maximum, it is necessary to pay much more attention to non-fiscal financing of public requirements on the state level, as well as on the level of the units of local self-government. Significant non-fiscal income...
Persistent link: https://www.econbiz.de/10005790255
What do economists understand about the economy if they do not understand the profit phenomenon? Next to nothing. Therefore, the very first task in theoretical economics is to clarify the difference between profit and wage income and their respective determinants. It was Ricardo who tackled the...
Persistent link: https://www.econbiz.de/10011267893
The period between 1995 and 2008 is one of the fundamental transformations in the Greek economy. In that sense, we would expect an equally drastic change to have taken place in the structure of the taxation system. Nevertheless, no such change occurred. The explanation of this seeming paradox...
Persistent link: https://www.econbiz.de/10011271689
The relation of the Greek employment policy to the European one, as it was formulated within EES and the Lisbon strategy, was a particular one. The Greek employment policy fully adopted the form, the structure and the discourse of the EES but it was only marginally influenced by the “way of...
Persistent link: https://www.econbiz.de/10011271693