In this article we apply and extend the model elaborated by Acemoglu and Verdier in their seminal paper (2000), to examine how the economy represented in their theoretical framework responds to an exogenous change in the agent's incentive. In particular, we focus on the consequences of a famous...

Transport is characterised by market failures that are of particular importance in urban settings. This paper reviews market failures and policy failures in The Netherlands for various transport markets, including road transport, public transport and biking. Special attention is paid to parking...

On May 11-12, 2011, SUERF, the Belgian Financial Forum, the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) jointly organised the 29th SUERF Colloquium New paradigms in money and finance? The papers included in this SUERF Study are based on contributions to the...

Nach der Liberalisierung der Energiewirtschaft im Jahr 1998 steht die Branche hierzulande vor einer weiteren Zäsur. Im Angesicht der Atomkatastrophe von Fukushima nahm die Bundesregierung im Sommer 2011 in einer ungewöhnlichen politischen Kehrtwende ihren kurz zuvor noch verabschiedeten...

Dieser Beitrag gibt einen Überblick über das Forschungsgebiet "Politische Ökonomie", in dem Politikwissenschaftler, Ökonomen und andere Sozialwissenschaftler mittels verschiedener Theorien und Methoden das Verhältnis von Ökonomie und Staat untersuchen. In einem empirisch-analytischen Zweig...

Structuralism and orthodox economics failed to help African countries overcome their backwardness because these countries lack efficient institutions and have not reached the critical value of human capital beyond which an economy generates self-sustaining development. These findings legitimized...

The paper analyzes the financial crisis of through the lens of market failures and regulatory failures. We present a case that there were four primary failures contributing to the crisis: excessive risk-taking in the financial sector due to mispriced government guarantees; regulatory focus on...

The Department of Health formulates and implements health care financing strategies. To aid the agency, this paper provides baseline figures on the parameters of the entire health care environment. In particular, the following parameters in the health sectors are studied: the regulatory...