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command and control regulation. The starting point for a discussion on efficient environmental policy has been the Pigouvian …
Persistent link: https://www.econbiz.de/10011608588
capital markets and especially for labor. Major issues are regulation and taxation. …
Persistent link: https://www.econbiz.de/10010265460
pose an unprecedented challenge to established norms of taxation and market regulation. Drawing on two years of fieldwork … instrument of taxation (Data Money Tax) and a dynamic regulative approach to cryptocurrency exchange platforms (Stack Regulation). … agreements of all cryptocurrency exchange platforms, this paper proposes an evidence-based framework to design a novel regulation …
Persistent link: https://www.econbiz.de/10013201421
We present a theory linking political and social trust to explain trust erosion in modern societies. Individuals disagree on the seriousness of an externality problem, which leads to diverging policy opinions on how to solve it. This heterogeneity has two important effects on trust. First,...
Persistent link: https://www.econbiz.de/10014377449
support to this view. We find that in countries with less stringent job market regulation the long-run impact of Unemployment … faster in countries with looser job-market regulation, compared with countries with stricter regulation. These findings have …
Persistent link: https://www.econbiz.de/10011524998
This paper investigates the potential for a causal relationship between certain supply-side policies and UK output and productivity growth between 1970 and 2009. We outline an open economy DSGE model of the UK in which productivity growth is determined by the tax and regulatory environment faced...
Persistent link: https://www.econbiz.de/10012429963
The Financial Transaction Tax (FTT) has been a spearhead demand of civil society for some 15 years now. Initially put on the table by the UNDP in 1996 as an instrument of innovative financing for development, also its regulatory dimension surfaced after the Asian financial crisis 1997/98. While...
Persistent link: https://www.econbiz.de/10010343313
This paper provides a political-economy explanation of the degree of centralization in economic policy making. To determine which policies are to be centralized, regions select representatives who then negotiate the degree of centralization and the regional cost shares of centrally decided...
Persistent link: https://www.econbiz.de/10010296374
We focus on the preferences of an extremely salient group of highly-experienced individuals who are entrusted with making decisions that affect the lives of millions of their citizens, heads of government. We test for the presence of a fundamental behavioral bias, loss aversion, in the way heads...
Persistent link: https://www.econbiz.de/10012052869
Why do political constituencies delegate decision power to representative assemblies? And how is the size of such assemblies determined? We analyze these questions of constitutional design in a model with voters learning their preferred alternative only after engaging in costly information...
Persistent link: https://www.econbiz.de/10010263053