Zahlreiche empirische Tests des Ricardianischen Äquivalenztheorems beruhen auf Kleinst-Quadrat-Schätzungen von Konsumfunktionen. Im vorliegenden Aufsatz wird gezeigt, daß einige dieser Schätzungen keine Grundlage für aussagekräftige Tests des Theorems bilden können. Zum einen sind die...

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired employees (entrants) receive their reservation wages....

The aim of this paper is to contribute to the debate on the pro-poor growth measurement techniques using monetary versus non-monetary indicators. In this context, an alternative method for introducing non-monetary indicators into monetary pro-poor growth analysis is presented. The method is...

This article takes issue with a recent book by Ziliak and McCloskey (2008) of the same title. Ziliak and McCloskey argue that statistical significance testing is a barrier rather than a booster for empirical research in economics and should therefore be abandoned altogether. The present article...

Der anhaltende Klimawandel, die Folgen der Finanz- und Wirtschaftskrise und die aktuellen Bestrebungen in Deutschland, nach der Havarie des Atomkraftwerks Fukushima I eine zügige Wende hin zu einer nachhaltigen Energieversorgung zu vollziehen, haben die öffentliche Diskussion um Quellen,...

In the past there was hardly any use of economic instruments in environmental policy, mainly command and control measures were used. More recently, ecological taxes as well as tradable permits became more popular and voluntary agreements have been implemented. Using the Public Choice approach we...

This paper analyzes the effect of trade liberalization on government spending in a general equilibrium model with a continuum of industries supplying tradable and nontradable goods under monopolistic competition. Trade liberalization is modeled as the opening up of product markets between two...

An important source of conflict surrounding nuclear energy is that with a very small probability, a large-scale nuclear accident may occur. One way to internalize the associated financial risks is through mandating nuclear operators to have liability insurance. This paper presents estimates of...