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This paper re-examines the question of whether federal ex-post redistribution in terms of public funds leads to under-provision of public goods when member states may leave the economic federation. We show that federal ex-post redistribution under a binding participation constraint does not...
Persistent link: https://www.econbiz.de/10011077774
La reforma de la Política Agrícola Comunitaria (PAC) de la Agenda 2000, acordada en 1999, tiene en el concepto de multifuncionalidad de la agricultura europea uno de sus objetivos y justificaciones esenciales. Este trabajo pretende contribuir al debate revisando los argumentos económicos que...
Persistent link: https://www.econbiz.de/10011078370
This article considers the performance of countries at the Olympic Games as a public good. Firstly, it is argued that, at the national level, Olympic success meets the two key conditions of a public good: non-rivalry and non-excludability. Secondly, it is demonstrated that standard income...
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in which the payoff to all players is the utilitarian collective welfare function, i.e., the sum of the utility functions … necessary projects are not all realized does not contribute. Strategy profiles maximizing utilitarian welfare are strong Nash …
Persistent link: https://www.econbiz.de/10011092905
We report experimental findings on the impact of network structure on decentralized monitoring and punishment in public goods games. In the environment we study, individuals can only directly monitor and punish their immediate neighbors in an exogenously determined network. We examine...
Persistent link: https://www.econbiz.de/10011095128
We analyse the effects of migration on the production of public goods, income taxes, and on the welfare of residents in … welfare detrimental only for origin country. In the second scenario, wages are rigid. With upward wage rigidity, migration has …, migration can be welfare detrimental for both countries, under downward wage rigidities. …
Persistent link: https://www.econbiz.de/10011095257