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Over time, inspection agencies gather information about firms that cause harmful externalities. This information may … certain circumstances, mimicking, or even the threat of mimicking, might reduce socially harmful activities and thus be …
Persistent link: https://www.econbiz.de/10005503854
Over time, inspection agencies gather information about firms that cause harmful externalities. This information may … certain circumstances, mimicking, or even the threat of mimicking, might reduce socially harmful activities and thus be …
Persistent link: https://www.econbiz.de/10014219814
Systemic (but lawful) political corruption reduces well-being and equity in America. Madisonian democracy is no longer capable of containing such corruption. Proposals currently on the table to stem corruption are unlikely to be effective without undermining foundational rights. This essay...
Persistent link: https://www.econbiz.de/10013004353
endogenous welfare relevant learning is feasible, the economy cannot be perfectly competitive unless identical learning choices … information is shared, externalities arise. The standard conditions for the two fundamental welfare theorems, thus, implicitly … preclude heterogeneous welfare relevant learning decisions. …
Persistent link: https://www.econbiz.de/10012520083
endogenous welfare relevant learning is feasible, the economy cannot be perfectly competitive unless identical learning choices … information is shared, externalities arise. The standard conditions for the two fundamental welfare theorems, thus, implicitly … preclude heterogeneous welfare relevant learning decisions. …
Persistent link: https://www.econbiz.de/10012875989
This paper introduces an agency relationship into a dynamic game with informational externalities. Two principals …
Persistent link: https://www.econbiz.de/10008861885
We investigate the influence of a judge’s objective function on the type of sanctions used for enforcing environmental standards. We focus on the difference between monetary and non-monetary penalties. Therefore, we examine the extent to which judges take social costs of sanctions into account...
Persistent link: https://www.econbiz.de/10008630056
Persistent link: https://www.econbiz.de/10009577772
Modernity is usually thought as a complex society with clearly differentiated spheres of everyday life. It means, in particular, that economic rules do not interfere with the norms structuring political, social, scientific and other interactions. The complex, differentiated society sharply...
Persistent link: https://www.econbiz.de/10010295453
Auditing institutions, such as the German Federal Court of Audit (BRH), provide information on public revenue and public spending. The question of how to increase tax compliance has been of frequent interest. Unfortunately, information from German taxpayers? declaration behaviour (beyond the...
Persistent link: https://www.econbiz.de/10010297269