Many public goods like dams, fire departments, and lighthouses do not provide direct utility but act more as insurance devices against floods, fire, and shipwreck. They either diminish the probability or the size of the loss. We extend the public good model with this insurance aspect and...

Motivated by recent disasters, this paper analyzes the risk sharing aspect in a federation. The regions can be hit by a shock leading to losses that occur with an exogenous probability and in a stochastically independent way. The regions can spend effort on self-insurance to reduce the size of...

Motivated by recent disasters, this paper analyzes the risk sharing aspect in a federation. The regions can be hit by a shock leading to losses that occur with an exogenous probability and in a stochastically independent way. The regions can spend effort on selfinsurance to reduce the size of...

Most pure public goods like lighthouses, dams, or national defense provide utility mainly by insuring against hazardous events. Our paper focuses on this insurance character of public goods. As for private actions against hazardous events, one can distinguish between self-insurance (SI) and...

We study the residential choice of siblings who are altruistic towards their parents. The first-born child’s location choice influences the behavior of the second-born child and can shift some of the burden of providing care for the parents from one child to the other. These strategic...

Die Bundesrepublik Deutschland leistet sich eine der größten öffentlichen Theaterbranchen der Welt. Mehr als 150 öffentliche Theater (Opern- und Operettenhäuser, Schauspieltheater, Konzertsäle u. a.) buhlen um die Gunst des Publikums. Nach der Theaterstatistik des Deutschen Bühnenvereins...

We develop a two period family decision making model in which spouses bargain over their contributions to a family public good and the distribution of private consumption. In contrast to most models in the literature, specialization within the couple emerges endogenously from the production of...

Recently, early investments in the human capital of children from socially disadvantaged environments have attracted a great deal of attention. In a discrete version of the Mirrlees model with a parents' and a children's generation we show the intra-generational and the inter-generational...

Mit den im Zuge der Umsetzung der Agenda 2010 initiierten Reformen ist das Ziel verbunden, der Kostenexplosion einer sich über die Jahre zunehmend fehl entwickelnden und zum Teil falsch verstandenen Sozialstaatlichkeit Einhalt zu gebieten und damit einen Kollaps der Sozialsysteme zu verhindern....

Die große Koalition in Berlin sieht sich gewaltigen Herausforderungen auf dem Gebiet des Arbeitsmarktes und der Sozialpolitik gegenüber. Entgegen allen Hoffnungen und Anstrengungen verharrt die Unterbeschäftigung weiter auf hohem Niveau. Inwiefern geraten Arbeitslose in die...