Werbung ist auf fast allen Konsumgütermärkten von grosser Bedeutung. Dabei lässt sich nur einem geringen Teil der Werbung ein informativer Charakter zuschreiben. Angesichts dessen überrascht es, dass in der industrieökonomischen Literatur das Thema "suggestive Werbung" im Gegensatz zur...

Intertemporal conflicts occur when a group of agents with heterogeneous time preferences must make a collective decision about how to manage a common asset. How should this be done? We examine two methods: an 'Economics' approach that seeks to implement efficient allocations, and a 'Politics'...

To take into account heterogeneity in a social welfare function, Ebert (1997) and Shorrocks (1995) show that the only consistent way of welfare measurement consists of either constructing an artificial distribution in which each household is weighted by the number of equivalent individuals, or...

Intertemporal conflicts occur when a group of agents with heterogeneous time preferences must make a collective decision about how to manage a common asset. How should this be done? We examine two methods: an 'Economics' approach that seeks to implement efficient allocations, and a 'Politics'...