We suggest that procedures of monetarized bidding can facilitate co-operation in Elinor Ostrom type common(s) projects without crowding out communitarian faculties of self-governance. Axioms securing procedurally egalitarian bidding on the basis of declared monetary evaluations are introduced....

Gesundheitsökonomen nehmen Stellung zu den „Eckpunkten zu einer Gesundheitsreform“ der Koalitionsparteien vom 4. Juli 2006.

This paper derives and justifies a procedurally fair bidding mechanism and reviews experiments that apply the mechanism to public projects provision. In the experiments, not all parties benefit from provision, and the projects´ costs can be negative. The experimental results indicate that the...

Ökonomen und Politiker beklagen sich gelegentlich übereinander. Die Ökonomen meinen, das politische Alltagsgeschäft berücksichtige die Erkenntnisse der Wissenschaft zu wenig und sei mit inkonsistenten Maßnahmen und suboptimalen Ergebnissen verbunden. Die Politiker sehen sich dagegen zum...

This paper derives and justifies a procedurally fair bidding mechanism and reviews experiments that apply the mechanism to public projects provision. In the experiments, not all parties benefit from provision, and the projects' costs can be negative. The experimental results indicate that the...