Showing 1 - 10 of 13,375
This paper develops a simple framework to analyze the links between corruption and the unofficial economy and their implications for the official economy. In a model of self-selection with heterogeneous entrepreneurs, we show that the entrepreneurs' option to flee to the underground economy...
Persistent link: https://www.econbiz.de/10010305428
Korruption ist ein globales Phänomen, das vor allem für viele Entwicklungsländer als Wachstumsbremse wirkt. Der Beitrag zeigt, wie man mittels eines einfachen industrieökonomischen Modells die Wirkungsmechanismen der Korruption analysieren kann. Korruption hält Unternehmen vom Markteintritt...
Persistent link: https://www.econbiz.de/10010296786
This paper provides a simple model of corruption dynamics with the ratchet effect. Corrupt officials have ex post the incentive to price discriminate entrepreneurs based on the entry decisions made in an earlier period. The inability of government officials to commit to future money demands...
Persistent link: https://www.econbiz.de/10010305447
This paper provides a simple model of repeated extortion. In particular, we ask whether corrupt government officials' ex post opportunism to demand more once entrepreneurs have made sunk investments entails further distortion in resource allocations. We show that the inability of government...
Persistent link: https://www.econbiz.de/10010305453
The issue of greenhouse gas (GHG) stabilization stands on three critical open questions. Namely, what are the impacts deriving from different levels of climate change and their distribution. What are the levels at which GHG concentration should be stabilized in order to avoid unacceptable...
Persistent link: https://www.econbiz.de/10010312554
Cultural capital is assumed to benefit all members of society. It is accumulated through the consumption of cultural services and is diminished through depreciation. Using the stock of cultural goods, cultural services are provided by the cultural services industry; the stock of cultural goods...
Persistent link: https://www.econbiz.de/10010263288
Many predictions and conclusions in climate change literature have been made on the basis of theoretical analyses and quantitative models that assume exogenous technological change. One may wonder if those policy prescriptions hold in the more realistic case of endogenously evolving...
Persistent link: https://www.econbiz.de/10011325043
. Thus the study of this phenomenon represents a challenging endeavor. While most economics papers begin with theory and … support that theory with econometric evidence, the literature on Environmental Kuznets Curves has proceeded in the opposite …
Persistent link: https://www.econbiz.de/10011325121
This paper examines recent theoretical developments of the theory of coalition stability. It focuses on the …
Persistent link: https://www.econbiz.de/10011335673
framework to formalize a theory that the variety and the functioning of markets reflect the status of national income. In the …
Persistent link: https://www.econbiz.de/10010290424