Was macht das BIP? Wohl und Wehe unserer Republik scheinen von diesem Kürzel abzuhängen: Das Bruttoinlandsprodukt ist die heilige Kuh der herrschenden Ökonomie. Seit Jahren gilt es als der Indikator für Wirtschaftskraft und Wohlstand dabei ist es blind für so vieles, was unser Leben...

Shocks, rainfall variability, geographic capital, assets, welfare dynamics, poverty traps, migration, remittances, Thailand, Vietnam. - Schocks, Niederschlagsvariabilität, geographisches Kapital, Wohlfahrtsdynamik, Vermögenswert, Armutsfallen, Rücküberweisungen

This paper presents a characterization of a welfare index for the evaluation of primary goods (to be understood as those goods that all agents should enjoy equally). The welfare associated with a given distribution of n primary goods among m agents is measured as the sum of n real-valued...

In our modified version of the small open economy Ramsey model, we assume that agents have preferences over consumption and status which, in turn, is determined by relative wealth. This extension potentially eliminates the standard model's counterfactual result that an impatient country over...

We calculate the equilibrium fraction of cooperators in a population in which payoffs accrue from playing a single-shot prisoner's dilemma game. Individuals who are hardwired as cooperators or defectors are randomly matched into pairs, and cooperators are able to perfectly find out the type of a...

In recent years, the debate about alternative measures of welfare (“beyond GDP”) has con-siderably gained momentum in Germany. This was the case not only on the national level: The demand for such measures has risen on the federal states level, too. For that reason, and in the context of a...

We develop a framework for analyzing national income accounting using a revealed welfare approach that is sufficiently general to cover, e.g., both the standard discounted utilitarian and maximin criteria as special cases. We show that the basic welfare properties of comprehensive national...