Enste and Wicher suggest that political regulation is always wealth-reducing. However, their analysis neglects various relevant determinants of the wealth indicator. Economic wealth cannot be estimated from the quantity of regulation, as quality and other aspects matter. Hence, political acumen...

Um trotz der wachsenden Komplexitaet wirtschaftliche Prozesse und ethische Verpflichtungen vereinen zu koennen, ist die Zuweisung von klaren Verantwortlichkeiten unumgaenglich. Der vorliegende Beitrag diskutiert vor dem Hintergrund der Prinzipal-Agenten-Theorie sowie der Empirie aus dem Ersten...

This paper presents estimates of the size of the shadow economy in 76 developing, transition, and OECD countries, which are derived by combining figures from different estimation methods. We describe and discuss the strengths and weaknesses of the different estimation methods. We find that the...

Using various methods (currency demand, physical input (electricity) method, model approach), which are discussed and criticized, estimates of the size of the shadow economy in 76 developing, transition and OECD-countries are presented. The average size of a shadow economy varies from 12 percent...

The present study examines the criteria used by economic laypeople (N = 380 German citizens) and economists (N = 80 professors or postgraduates in economics) in judging reform measures as illustrated by policies of governmental labor market intervention policies. Results reveal...