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We study the interdependence of optimal tax and expenditure policies. An optimal policy requires that information on preferences is made available. We first study this problem from a general mechanism design perspective and show that efficiency is possible only if the individuals who decide on...
Persistent link: https://www.econbiz.de/10010264838
We introduce reward money into the provision point mechanism with refunds. Reward money is distributed among the contributors in proportion to their contributions only when the provision point is not reached. In environments without aggregate uncertainty, the provision point is always reached in...
Persistent link: https://www.econbiz.de/10010316819
eine komparative Rechnungslegungstheorie. Eine Besinnung auf die ökonomische Theorie ist – auch ausgelöst durch die … Internationalisierung der Rechnungslegung – hier grundsätzlich festzustellen,2 wie auch das moderne deutsche Bilanzrecht seine heutige … Prägung durch die ökonomische Theorie – und nicht vornehmlich durch die Anwender – erhielt.3 Es ist das Ziel des Aufsatzes …
Persistent link: https://www.econbiz.de/10010316236
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In this paper we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty there may be less...
Persistent link: https://www.econbiz.de/10011422127
We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...
Persistent link: https://www.econbiz.de/10011422176
agency theory. …
Persistent link: https://www.econbiz.de/10010324413
We compare a partners condition where the same small group of subjects plays arepeated public good game to astrangers condition where subjects play this game in changing group formations.Subjects in the partners conditioncontribute from the first period on significantly more to the public good...
Persistent link: https://www.econbiz.de/10010324530
In a series of experiments, we compare a situation where the same group of four subjects plays 25 repetitions of a public good game (partners condition) to a situation where subjects play this game in changing group formations over 25 periods (strangers condition). We observe that, on aggregate...
Persistent link: https://www.econbiz.de/10010324650