Showing 1 - 10 of 10
This paper analyzes the importance of legal property documents in providing tenure security, enhancing agricultural investment incentives and easing access to credit. While theory predicts that better property rights on land can increase investment through increased security, enhanced trade...
Persistent link: https://www.econbiz.de/10010295963
This article investigates economic performance when enforceable property rights are missing and subsistence needs matter. It shows that if per capita income is sufficiently high, a windfall gain in productivity triggers behavior that leads to higher growth (the normal reaction). The same shock...
Persistent link: https://www.econbiz.de/10010301471
We develop a politico-economic model to analyze the relationship between mode of entry into a new market and institutional quality of the host country. A foreign investor can either purchase a domestic firm, what we consider as FDI, or form a joint venture, in which the control right over the...
Persistent link: https://www.econbiz.de/10010301545
In the current new competitive environment, smart specialization has emerged strongly as a territorial development model to increase the efficiency and effectiveness of economic systems. An aspect from which it differs from previous models is the special emphasis on governance. In this...
Persistent link: https://www.econbiz.de/10011399980
Performance of market coordination crucially depends on the quality of property rights as a bundle of several acting rights. Since acting rights can be created, changed or abandoned within the political system, the scopes of political decision making processes have a deep impact on the quality...
Persistent link: https://www.econbiz.de/10011474237
Members of the European Currency Union and even a majority of all other Member States of the European Union are faced with high public and private depts. It is almost obvious that many Member States will have a problem with repaying depts and even are endanger to fall through interest payment....
Persistent link: https://www.econbiz.de/10010480911
-consistent taxation of annual income can also welfare-dominate taxation of lifetime income under commitment. These findings may help in …
Persistent link: https://www.econbiz.de/10010270135
the timing and price-elasticity of these commitment decisions to predictions from existing theoretical models of decision … under temptation. Our data are broadly consistent with theory, with the notable exception that commitment often occurs with … delay rather than at the first opportunity. Moreover, the timing of commitment is significantly impacted by the cost of the …
Persistent link: https://www.econbiz.de/10010270250
We analyze the spread of policies dealing with international trafficking in human beings. Arguing that countries are unlikely to make independent choices, we identify pressure, externalities and learning or emulation as plausible diffusion mechanisms for spatial dependence in anti-trafficking...
Persistent link: https://www.econbiz.de/10010305621
The Japanese law "Act on Regulation and Punishment of Acts Relating to Child Prostitution and Child Pornography, and the Protection of Children" (the Child Pornography Prohibition Act) does not regulate virtual child pornography such as comics, cartoons, animation, and games. As a result, cases...
Persistent link: https://www.econbiz.de/10011720247