Showing 111 - 120 of 326
This paper looks at the relationship between fiscal and political decentralization and the evolution of regional inequalities in a panel of 26 countries -- 19 developed and 7 developing -- for the period between 1990 and 2006. Using an instrumental variables method, it finds that whereas for the...
Persistent link: https://www.econbiz.de/10005002833
This paper considers why some harm-generating activities are controlled by criminal law and criminal sanctions while others are subject to some other mechanism such as civil law, administrative law, regulation or the tax system. It looks at the question from the perspective of the law and...
Persistent link: https://www.econbiz.de/10005089673
This paper provides an empirical study of the determinants of income inequality across regions of the EU. Using the European Community Household Panel data-set for 102 regions over the period 1995-2000, it analyses how micro-economic changes in human capital distribution affect income inequality...
Persistent link: https://www.econbiz.de/10005078576
The majority of the literature on fiscal decentralization has tended to stress that the greater capacity of decentralized governments to tailor policies to local preferences and to be innovative in the provision of policies and public services, the greater the potential for economic efficiency...
Persistent link: https://www.econbiz.de/10005082663
Much of the recent worldwide trend towards devolution has been driven by the belief that fiscal decentralization is likely to have a positive effect on government efficiency and economic growth. It is generally assumed that the transfer of powers and resources to lower tiers of government allows...
Persistent link: https://www.econbiz.de/10005082664
In this short paper we provide two simple new versions of Arrow's impossibility theorem, in a world with only one preference profile. Both versions are extremely transparent. The first version assumes a two-agent society; the second version, which is similar to a theorem of Pollak, assumes two...
Persistent link: https://www.econbiz.de/10005082665
This paper investigates the patterns of corporate mergers and acquisitions (M&As) involving firms located in the EU25 as well as in the four EFTA countries between 1998 and 2003. It first uncovers the \'cross-border balance\' of M&As across European states, before identifying, through...
Persistent link: https://www.econbiz.de/10005087434
This paper examines whether differences in educational externalities affect individual earnings across regions in the EU. Using microeconomic data from the European Community Household Panel, the analysis relies on spatial economic analysis in order to determine to what extent differences in...
Persistent link: https://www.econbiz.de/10005061524
We characterize full implementation of social choice sets in mixed strategy Bayesian equilibrium. Our results concern both exact and virtual mixed implementation. For exact implementation, we identify a strengthening of Bayesian monotonicity, which we refer to as mixed Bayesian monotonicity. It...
Persistent link: https://www.econbiz.de/10005015510
The United States and European Union differ significantly in terms of their innovative capacity: the former have been able to gain and maintain world leadership in innovation and technology while the latter continues to lag. Notwithstanding the magnitude of this innovation gap and the political...
Persistent link: https://www.econbiz.de/10005572081