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Is the World Bank’s Development Policy Lending likely to enhance ownership and have greater effectiveness than structural adjustment? We specify a dynamic common agency model in which a government committed to reform faces domestic opposition from interest groups. The dynamic specification,...
Persistent link: https://www.econbiz.de/10010319071
In developing societies, social norms typically ascribe differential weights to paternal, maternal and communal (or state) contributions to children’s expenses. Individuals internalize these valuations. I examine a Cournot model of voluntary contribution to children’s goods in a twoadult...
Persistent link: https://www.econbiz.de/10010319077
Lenders condition future loans on some index of past performance. Typically, banks condition future loans on repayments of earlier obligations while international organizations condition future loans on the implementation of some policy conditions. We build an agency model that accounts for...
Persistent link: https://www.econbiz.de/10010319088
questions and preparing Thünen's theory of capital and interest. Thünen starts his analysis with a description of the … extended quantity theory of money by introducing the velocity of money transactions and formulating the correct algebraic … twentieth century and from the perspective of modern monetary theory, Thünen's drafts are an unexpected discovery and of …
Persistent link: https://www.econbiz.de/10010319238
This note discusses the comparative dynamic analysis in 'Fiscal competition in space and time' by David Wildas in (Journal of Public Economics, Vol. 87, 2003) from a technical point of view.
Persistent link: https://www.econbiz.de/10010319241
instruments work as credible signals. Our findings confirm the main hypotheses derived from signaling theory as to the poor …
Persistent link: https://www.econbiz.de/10010319249
Das Modell des isolierten Staates bildet die Grundlage fuer Johann Heinrich von Thuenens Untersuchung zur Entlohnung des Produktionsfaktors Arbeit. Innerhalb des Modells wird formal und anhand ausgewaehlter Zahlenbeispiele der 'naturgemaesse Lohn' ermittelt. Mit dem Ziel, Aspekte der...
Persistent link: https://www.econbiz.de/10010319261
Die Riester geförderten Produkte erlebten kürzlich das zehnjährige Jubiläum. Bisherige Analysen über die Vorteilhaftigkeit bezogen sich in der Regel auf Teilaspekte: entweder nur die Kosten- oder nur die Steuereffekte wurden untersucht. Ergebnis der Teilanalysen sind sich widersprechende...
Persistent link: https://www.econbiz.de/10010319287
. The first result is practically most relevant, in particular for institutional portfolio management and the skilled …
Persistent link: https://www.econbiz.de/10010319288
The macroprudential regulatory framework of Basel III imposes the same capital and liquidity requirements on all banks around the world to ensure global competitiveness of banks. Using an agent-based model of the financial system, we find that this is not a robust framework to achieve...
Persistent link: https://www.econbiz.de/10010319289