The authors set up a political economy equilibrium framework for personal income distribution. Located in status theory, their concept is able to explain what justifies a certain or optimal degree of inequality in the society. The authors present an empirical analysis of personal income...

This paper reviews the arguments in favour and against the "Stability and Growth Pact" signed by the countries of the Euro area. We find the theoretical debate to be inconclusive, as both externality and credibility arguments can be reversed to yield opposite, and equally plausible conclusions....

Economists tend to view a uniform emissions price as the most cost-effective approach to reducing greenhouse gas emissions. This paper offers a different view, focusing on economies where society values the well-being of future generations more than private actors. Employing analytical and...

In Croatia, for the period from 2005 until 2009, a total of 32 public tenders for 43 Public-Private Partnership projects are announced, indicating great interest for Public-Private Partnership in Croatia. The European Union Public-Private Partnership regulations include the Guideline for...

We study the variation of global and unilateral carbon price recommendations and their determinants. To this end, we provide survey evidence on carbon pricing from more than 400 experts across almost 40 countries. We quantify the extent of (dis-)agreement and reveal that a majority of experts...

The purpose of this paper is to compare perceptions on drivers of managing multiple European co-funded projects among public and private institutions from Romania, and determine which dimensions of multi-project management optimization have the greatest impact on institutional financial...

Budget stability seems to be mainly regulated through hard law, but in order to measure public debt, Eurostat has had to complement many aspects with informal instruments such as decisions in press releases, manuals, recommendations or decisions on particular cases contained in letters to the...

There are conflicting views on how to handle permits for greenhouse gases in cost-benefit analysis. This paper aims at clarifying within a simple general equilibrium model how to treat different kinds of trade-able permits in economic evaluations of projects. Within a framework that reminds of...

Investment supports to the Czech farms as grants under the measure 4.1.1. Investment to agricultural holdings of the Rural Development Programme 2014-2020 represent about 70% of all investment supports to farms. Under the grant system, the government is seriously responsible for a proper...