Showing 111 - 120 of 375
Persistent link: https://www.econbiz.de/10014523387
We develop a two-region model where the decentralized provision of spillover goods and other public expenditures is financed by means of user fees. We show that a decentralized solution tends to be inefficient. If the regional spillover goods are substitutes, user fees tend to be inefficiently...
Persistent link: https://www.econbiz.de/10011425261
The paper analyzes the strategic effects of decentralized user-fee and enforcement policies for the financing of interregional spillover goods. We derive the equilibrium pricing and enforcement rules for a n-region economy.We show that under mild conditions on the pattern of substitution between...
Persistent link: https://www.econbiz.de/10011425576
In this paper we analyse the possibility to construct intergenerational criteria of choice within the framework of methodological individualism. The main result of this analysis is, that intergenerational criteria as an aggregation of preferences of current and future individuals do not exist....
Persistent link: https://www.econbiz.de/10010397899
This paper considers the players' behaviour in an asymmetric two-player contest. When do they decide to "struggle" and when to "subjugate"? Analysing contest-success functions it is found that two crucial prerequisites for "struggle" or "war" have to be met. Thus, such an equilibrium is possible...
Persistent link: https://www.econbiz.de/10010398035
In a recent paper, Homburg and Richter have argued that with free mobility of labor within a common labor market there is a need to harmonize and even consolidate pay-as-you-go financed national public pension systems to reach an efficient allocation of labor. We show that with free and...
Persistent link: https://www.econbiz.de/10010398049
In einem Europa integrierter Güter- und Faktormärkte stehen die nationalen Systeme Sozialer Sicherung zunehmend auf dem Prüfstand. Mit der Schaffung des gemeinsamen Marktes wurden die individuellen Verfügungsrechte verändert. In diesem Essay werden diese Änderungen bezüglich den Zielen...
Persistent link: https://www.econbiz.de/10010398050
For pay-as-you-go financed pension systems, claims may be calculated according to individual contributions (income) or the number of children of a family. We analyse the optimal structure of these parameters in a model with endogenous fertility. It is shown that for both structural determinants...
Persistent link: https://www.econbiz.de/10010398151
Intergenerational redistribution is one of the major aims of national welfare states that have to prove their reliability in a world of internationally integrated goods and factor markets. In this paper, we analyse the conditions for the existence of steady-state equilibria and the (Pareto-)...
Persistent link: https://www.econbiz.de/10010398186
We consider an economy with two groups of individuals, rich and poor. A central authority can either directly redistribute income to the poor, or allow for some degree of informality in economic activities by not enforcing property rights. The optimal degree of informality depends upon the...
Persistent link: https://www.econbiz.de/10010311214