A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the east have now reached the western level, and investment per capita has been much higher than in the w est. However, every third deutschmark spent in the east has been...

Nach 20 Jahren deutsche Wiedervereinigung ziehen Gerlinde und Hans-Werner Sinn eine Bilanz des bisher Erreichten: Das Primat der Politik gegenüber den ökonomischen Gesetzen führte bei der Vereinigungspolitik zu absehbaren Problemen. So sei eine starke Konvergenz zwischen Ost- und...

A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the east have now reached the western level, and investment per capita has been much higher than in the west. However, every third deutschmark spent in the east has been...

A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the eastern area have now reached the western level, and investment per capita has been much higher than in the west. However, every third deutschmark spent in the east...

A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the east have now reached the western level, and investment per capita has been much higher than in the west. However, every third deutschmark spent in the east has been...

A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the east have now reached the western level, and investment per capita has been much higher than in the west. However, every third deutschmark spent in the east has been...

The trend toward privatization, which began with privatization experiments in the UK under Margaret Thatcher and the deregulation of the telecommunications sector in the United States, has attracted the attention of policymakers over the past two decades. Privatization is broadly supported by...

Intro -- Series Foreword -- Introduction -- 1 - Privatizing Network Industries -- 2 - Network Utilities in the United States: Sector Reforms without Privatization -- 3 - Privatization in Austria: Some Theoretical Reasons and Performance Measures -- 4 - Privatization in Denmark, 1980-2002 -- 5 -...

Germany is in a dilemma. Low wage competition via product and factor markets increases the demands on the welfare state, but increased systems competition in the context of international factor mobility reduces the possibilities of maintaining it. The welfare state has important allocative...