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collection) is studied using the theory of property rights and the economic theory of bureaucracy. Both kinds of institutional …
Persistent link: https://www.econbiz.de/10009548558
. Agency theory's insistence on linking the compensation of managers and directors as closely as possible to firm performance …
Persistent link: https://www.econbiz.de/10013319244
Cross-disciplinary 'happiness research' has made big progress in the measurement of individual welfare. This development makes it tempting to pursue the old dream of maximizing aggregate happiness as a social welfare function. However, we postulate that the appropriate approach is not to...
Persistent link: https://www.econbiz.de/10014055391
Persistent link: https://www.econbiz.de/10003828178
Happiness research has significantly extended our knowledge about the factors determining individual well-being. Several prominent scholars concluded that governments should engage in maximizing happiness. This approach is based on a technocratic notion that politicians are omniscient benevolent...
Persistent link: https://www.econbiz.de/10011933270
To overcome problems produced by globalization, some people see the solution in a World Government while others see it in an autarchic global market without any government intervention. Both solutions are rejected due to their major shortcomings. Two superior solutions are proposed: (1) A net of...
Persistent link: https://www.econbiz.de/10012168230
Cross-disciplinary ?happiness research? has made big progress in the measurement of individual welfare. This development makes it tempting to pursue the old dream of maximizing aggregate happiness as a social welfare function. However, we postulate that the appropriate approach is not to...
Persistent link: https://www.econbiz.de/10012168256
In important situations, individual decision-making is systematically biased. Whendeciding (rather than consuming), extrinsic attributes of choice options are more salient thanintrinsic attributes. People overestimate extrinsic attributes and therefore put too much effortinto acquiring income...
Persistent link: https://www.econbiz.de/10005868512
We normally take it for granted: a government or state has its corresponding territory. This paper shows that government need not have a territorial monopoly.
Persistent link: https://www.econbiz.de/10005846438
Happiness research has significantly extended our knowledge about the factors determining individual well-being. Several prominent scholars concluded that governments should engage in maximizing happiness. This approach is based on a technocratic notion that politicians are omniscient benevolent...
Persistent link: https://www.econbiz.de/10009395769