Generally, Democrats do not increase military spending, and Republicans do not raise welfare payments. Mostly, ruling politicians stick to the manifesto of their party. The current paper provides a theoretical explanation for this phenomenonthat does not assume politicians or voters to be...

Political corruption is a concern of many modern democracies. It weakens democraticinstitutions, restricts public services, and lowers productivity undermining economicdevelopment. Yet despite its importance, our understanding of what determines corruption islimited. This paper uses a novel...

The aim of the paper is to study the relation between the demand for human rights and foreconomic prosperity. It analyzes the demand not, as it is often done in the literature, from the“voice” perspective (political activity), but rather looks at the “exit” perspective...

Der Beitrag diskutiert die Anwendung des im Rahmen der Unternehmensbewertung häufigangewandten Gordon/Shapiro-Modells bei Vorliegen von Inflation sowie persönlichen Steuern.Gezeigt wird, dass sich steuerlich bedingtes und inflationsinduziertes Wachstum parallelim Kalkül erfassen lassen,...

We investigate the matching algorithm used by the German central clearinghouse for university admissions (ZVS) in medicine and related subjects. This mechanism consists of three procedures based on final grades from school (“Abiturbestenverfahren”, “Auswahlverfahren der Hochschulen”) and on...

This paper analyses how governance or institutional quality and tax morale affect the shadoweconomy, using an international country panel and also within country data. The literaturestrongly emphasizes the quantitative importance of these factors to understand the level andchanges of shadow...

In an investment contest for environmental policy, polluters and victims ofpollution invest in an increase of their marginal benefits of pollution and environmentalquality, respectively. These investments influence time-consistent environmental policy...

This paper analyses how tax morale and countries´ institutional quality affect the shadoweconomy, controlling in a multivariate analysis for a variety of potential factors. The literaturestrongly emphasizes the quantitative importance of these factors to understand the level andchanges of...

This paper provides a comparison of tax morale between inhabitants of East and WestGermany in its post-reunification period, using three World Values Survey/European ValuesSurvey waves between 1990 and 1999. German reunification is particularly interesting for theanalysis of tax morale as it is...