This paper reports an experiment which compares behaviour in two punishment regimes: (i) a standard public goods game with punishment in which subjects are given the opportunity to punish other group members (democratic punishment regime) and (ii) a public goods game environment where all group...

We report experimental results from three Colombian villages concerning the impact of a voting mechanism on interpersonal trust and trustworthiness. The vote is purely consultative in that participants are asked to declare in a secret ballot the most “appropriate” plan of action for...

When considering issues of measuring welfare beyond gross domestic product (GDP), a key ongoing, but unfinished, agenda concerns how to measure the outputs of goods and services which are "free at the point of delivery". Public services such as schools and health services are major examples of...

Im Zuge der jüngsten Skandale steht der öffentlich-rechtliche Rundfunk unter Reformdruck. Der öffentlich-rechtliche Rundfunk muss in den kommenden Jahren ein effektives System der Unternehmensführung installieren und dessen Finanzierung muss überdacht werden. Darüber hinaus müssen...

Die Covid-19-Pandemie und die russische Invasion in der Ukraine haben, zusammen mit dem Bericht des Weltklimarats im April 2022, die Welt verändert. Um die globalen Probleme des 21. Jahr-hunderts lösen zu können, müssen wir einen frischen Blick auf die Welt werfen. Aus der Vogelperspektive...

Having had little time to absorb the economic and social shock of the COVID-19 pandemic, the European Union is confronted with staggering increases in the cost of living. While household burdens vary significantly across and within countries, most European countries are struggling to cushion the...

We present experimental evidence on the effects of entrepreneurship training for unemployed workers in the U.S. at two different stages in the business cycle. In the context of a strong economy, training helped training participants - particularly those with prior self-employment experience - to...

The article proposes an enabling mechanism for the creation, adjustment and dissolution of governmental units, giving autonomy to each individual as in a direct democracy. The mechanism is designed such that Pareto optimality is possible, in contrast to earlier models which make various...