This article studies the effects of tax competition on the provision of public goods under business risk and partial irreversibility of investment. As will be shown, the provision of public goods changes over time and also depends on the business cycle. In particular, under source-based...

Der Artikel befaßt sich mit den unterschiedlichen Faktoren, welche für das unterschiedliche Produktionsniveau innerhalb der europäischen Union verantwortlich sind. Nach dem Regionalbericht der europäischen Kommission ist die Arbeitsproduktivität in der produktivsten Region um das 3,5-fache...

The aim of this paper is to provide a theoretical model in order to analyse environmental policy under uncertainty regarding the possibility of a natural disaster. We adopt a two-periods analytical model, to investigate two different institutional settings, one featuring a myopic social planner,...

Why should a poorer population sacrifice some prosperity to aid wealther populations?

Related links: http://www.richmondfed.org/publications/research/region_focus/2012/q2-3/feature4_weblinks.cfm>

The overall aim of this study is to empirically investigate the cost structure of a management agreement type agri-environmental instrument and to identify factors for cost variation over space and time. We control for the actual level of compliance by using compliance weighted average scheme...