Die drückende Finanznot vieler Kommunen lässt Wissenschaft und Praxis nach einer grundsätzlichen Lösung der Schuldenproblematik suchen. Dabei rückt zunehmend das Insolvenzverfahren für Kommunen in den Fokus. Es wird als eher marktwirtschaftlichautonom wirkender Lösungsmechanismus den...

The paper aims at empirically investigating the relationship between regulation and the capital structure of the regulated firm, A key aspect of the referred relationship pertains a leverage effect according to which debt could be increased as a response to previous physical capital investment...

The paper uses data from 5,507 municipalities in Brazil to estimate the relationships between climate and income as well as climate and health, and then uses the estimated relationships to gauge the effects of past and future climate change on income levels and life expectancy in each of these...

This paper uses municipality level data to estimate the general relationships between climate, income and child mortality in Mexico. Climate was found to play only a very minor role in explaining the large differences in income levels and child mortality rates observed in Mexico. This implies...

The paper compares the policy choices regarding risk-transfer against low-probability-high-loss events between elected and appointed public officials. Empirical evidence using data on U.S. municipality-level shows that appointed city managers are more likely to adopt federal risk-transfer...