Germany has one of the most generous public pension and health insurance systems of the world, yet private savings are high and remain positive until old age, even for most low income households. How can we explain what we might want to term the \"German savings puzzle\"? We provide a...

We compare the behavior of groups and individuals in a two-person trust game. The first mover in this game, the sender, receives an endowment and can send any part of it to the responder; the amount sent is tripled, and the responder can then return to the sender any portion of the tripled sum....

We propose a Pareto-improving policy which reduces the overall wage taxburden in an economy with intergenerational trade in a fixed factor ofproduction, here labelled as land. We analyse a second-best environmentin which the government cannot resort to non-distortionary land taxes.Reducing the...

We study the effects of patriotism on tax compliance. In particular, we assume that individuals feel a (random draw of) warm glow from honestly paying their taxes. A higher expected warm glow reduces the government's optimal audit probability and yields higher tax compliance. Second, individuals...

In some markets vertically integrated firms sell directly to final customers but also to independent downstream firms with whom they then compete on the downstream market. It is often argued that resellers intensify competition and benefit consumers, in particular when wholesale prices are...

Many parts of Europe were ruled by large empires in the past. After their dissolution did these empires leave behind a legacy of governmental institutions? Sascha O. Becker, University of Warwick, Katrin Boeckh, Regensburg Eastern Europe Institute, Christa Hainz and Ludger Woessmann examine how...

A Doctoral Thesis. Submitted in partial fulfillment of the requirements for the award of Doctor of Philosophy of Loughborough University. ; Polyaniline-based membranes were developed during this work. The combination of polyaniline with PVDF offers the opportunity of creating large, dense and...

Audretsch D. B., Falck O., Feldman M. P. and Heblich S. Local entrepreneurship in context, Regional Studies. This paper posits that regions provide locational factors which determine the industry structure and with it entrepreneurial opportunities whose exploitation influences regional dynamics....

Das vorliegende Papier definiert und diskutiert das Konzept der Economic Governance. Die Kernfrage des Papiers ist, in welcher Form wirtschaftliche Akteure Governance-Leistungen – wie etwa Vertragssicherheit oder Eigentumsrechte – bereitstellen können. Außerdem werden Beispiele...