In this paper the role of information asymmetries between regions and a centralized authority is analyzed. In a model with inter-regional externalities due to capital mobility and a source-based tax instrument, we first derive conditions for which the optimum can be implemented by an adequately...

In einem Europa integrierter Güter- und Faktormärkte stehen die nationalen Systeme Sozialer Sicherung zunehmend auf dem Prüfstand. Mit der Schaffung des gemeinsamen Marktes wurden die individuellen Verfügungsrechte verändert. In diesem Essay werden diese Änderungen bezüglich den Zielen...

Intergenerational redistribution is one of the major aims of national welfare states that have to prove their reliability in a world of internationally integrated goods and factor markets. In this paper, we analyse the conditions for the existence of steady-state equilibria and the (Pareto-)...