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In this paper we study the endogenous determination of minimum wage employing a political-economic game-theoretic approach. A major objective of the paper is to clarify the crucial role of the strength of the workers' union and of political culture on the determination of the minimum wage. In...
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individual commitment across citizens to defend democracy against a potential military coup, and it is an endogenous state … and the state. Parents invest resources in order to transmit their own political values (commitment to democracy) to their … children. The state invests resources in public indoctrination infrastructures. The model displays two-way complementarities …
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Ludwig von Mises hat Zeit seines Lebens die intellektuelle Auseinandersetzung mit antiliberalen und antikapitalistischen Ressentiments gesucht. Der vorliegende Beitrag greift die bereits durch Mises gestellte Frage nach möglichen Gründen für die antikapitalistischen Ressentiments der...
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