This study considers a small open economy in which two tradable final goods are produced by using a non-tradable resource good, which has an open-access property, as an input as well as a primary factor. If the intrinsic growth rate of the resource is relatively low, there may be no non-trivial...

In contrast to the recent literature on the optimal inflation tax, we show that, in models where money reduces transactions costs, it is optimal to set the inflation tax to zero when seigniorage is replaced by revenue from distortionary taxes. The main reasons for this result are that the...

The paper analyses a partial equilibrium outsourcing model with Cournot competition in intermediate good production. Final production is located in western Europe, whereas the intermediate good can be manufactured by a western (outsourcing) or eastern European supplier (offshore outsourcing)....

This paper studies the discriminatory pricing of an intermediate good and compares two models with a different timing of investments undertaken by the downstream firms, before or after the upstream monopolist sets the input prices. When the more efficient downstream firm is charged a higher...

Despite the importance of international trade on intermediate goods, the literature did not pay much attention to this aspect in determining the effects of trade liberalisation in the presence of labour unions. We take up this issue here and show the effects of trade liberalisation on the final...

We study third degree price discrimination in intermediate good markets, in which costs of production for the downstream firms are determined by their investment choices. We focus on the effect of the sequence of firm actions and analyze two models with different timing of investments, before or...

Consolidated financial statements of local governments are one of the main reform elements of the new public sector accounting framework in Germany. According to the literature and the laws, serious control deficits on the local level will be overcome by implementing this reform element....

Increasing costs of most healthcare systems result in (major) financing problems and thus are the focus of many empirical inquiries. Researchers have found that mismanagement is often a consequence of misplaced incentives. This paper tries to outline some cases in which the demand side of...

Die Ergebnisse zur Umfrage 'Innovationen in der Produktion 1997' des Fraunhofer-Inst. f. Systemtechnik u. Innovationsforschung, Karlsruhe, werden dargestellt. Grundlage ist eine Erhebung bei 1329 Investitionsgüterbetrieben. Folgende Problemkomplexe werden näher untersucht: der Stellenwert der...