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Bougheas, Spiros; Dasgupta, Indraneel; Morrissey, Oliver - 2005

Charitable giving has increasingly become ‘tough love’ - it has come to require recipients to undertake costly prior action. A common justification is that of greater efficiency: willingness to undertake costly actions signals greater productivity from transfers. However, there is a...

Persistent link: https://www.econbiz.de/10010319069

Development policy lending, conditionality and ownership: A political economy model

Paloni, Alberto; Zanardi, Maurizio - 2005

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

Conditionality and fragility in long-term financial contracts

Bougheas, Spiros; Dasgupta, Indraneel; Morrissey, Oliver - 2007

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

Über die Natur und das Wesen des Geldes: Johann Heinrich von Thünens unveröffentlichter Beitrag zur Geldtheorie

Nellinger, Ludwig - 2009

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

A technical note on comparative dynamics in a fiscal competition model

Becker, Daniel Thomas - 2008

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

Does signaling work in markets for information services? An empirical investigation for insurance intermediaries in Germany

Eckardt, Martina - 2007

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

Thünens Theorie des 'naturgemäßen Lohns': Zur Entdeckung des Grenzproduktivitätsprinzips in der Theorie der funktionellen Einkommensverteilung

Stelter, Robert - 2008

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

Unter welchen Bedingungen fördert die Riester-Förderung? Eine theoretische Analyse unter simultaner Einbeziehung von Kosten- und Steuereffekten

Stahl, Silvana; Stahl, Stefan; Kasch, Philipp - 2012

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

Safety-first portfolio optimization: Fixed versus random target

Singer, Nico - 2010

This paper analyzes the safety-first portfolio model under two different target assumptions, the fixed target, which is commonly assumed in the literature, and the random target, which has played only a minor role so far. As both targets can be easily motivated, the open question is, which...

Persistent link: https://www.econbiz.de/10010319288

Macroprudential banking regulation: Does one size fit all?

Neuberger, Doris; Rissi, Roger - 2012

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