This paper presents empirical evidence on the distributional impact of public higher edu- cation through analysis of a cross-sectional view of West Germany in 1997. In contrast to a widely-held hypothesis in economics, our findings do not show evidence for a regressive im- pact. The use of a...

This paper studies the market allocation in an economy where material is used for producing a consumption good, then recycled and finally landfilled, and where a recycling firm has market power. The material content constitutes an aspect of green product design and affects the recycling costs....

We extend a model of wasteful state aid in Dewatripont and Seabright (2006, Journal of the European Economic Association 4, 513-522) by a supranational controlling authority. The model combines moral hazard and adverse selection to show that politicians fund wasteful projects to signal their...

Credit contracting between a lender with a market power and a small start-up entrepreneur may lead to a rejection of projects whose expected benefits are higher than their total costs when an adverse selection is present. This inefficiency may be eliminated by a government support in the form of...

The objective of this paper is to empirically assess the recently introduced models of subsidy competition based on the classical oligopoly theories, using both cross-sectional and panel data. Three crucial scenarios (including coordination, weak competition, and fierce competition) are tested...

Diese Studie untersucht die Umsetzung des am 1. August 2006 eingeführten Gründungszuschusses nach § 57 und § 58 SGB III auf Basis von qualitativen Interviews, Interaktionsbeobachtungen und Dokumentenanalysen. Das qualitative Forschungsdesign erlaubt es zu eruieren, auf welche Weise die...

Vor der Bundestagswahl im September 1998 zeichnete sich ab, daß die Steuerreform weiterhin auf der Tagesordnung beiben würde. Die Vebreiterung der Bemessungsgrundlage hat darin einen wichtigen Stellenwert.Der Subventionsabbau ist ohnehin ein witschaftspolitischer Dauerbrenner. Das...

Theoretical and empirical aspects of policy failures due to subsidies are discussed in the context of international trade. A general classification of subsidies that cause environmental externalities is presented. The economic and environmental impacts of producer subsidies on international...

We argue that promoting education may be a means to reduceincome inequality. When workers of different skill levels areimperfect substitutes in production, an increase in the level ofhuman capital in the economy reduces the return to education.Hence, a given compression of after-tax incomes can...

As part of the Kyoto Protocol, many countries have committed themselves tosubstantially reduce the emission of greenhouse gases within a politically imposed timeconstraint. Investment subsidies can be an important instrument to stimulate the adoption ofenergy-saving technologies to achieve...