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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
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
cost of both parents. Thus, proposals to redistribute income from fathers to mothers need to take into account socially …
Persistent link: https://www.econbiz.de/10010319077
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
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
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
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
'naturgemaesse Lohn' ermittelt. Mit dem Ziel, Aspekte der Grenzproduktivitaetstheorie aufzuzeigen, werden seine Gedanken …
Persistent link: https://www.econbiz.de/10010319261
out a simulation for three types of income. Subsidized Riester contracts seem to be the preferred choice for low income … savers or, provided that children are taken into account, for middle income savers. A saver earning a high income is …
Persistent link: https://www.econbiz.de/10010319287
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