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Institutions and Development : The Interaction between Trade Regime and Political System

Falkinger, Josef; Grossmann, Volker - 2004

sector, and show that in a feudal society (dominated by landed elites) productivity-enhancing public investments like the …

Persistent link: https://www.econbiz.de/10010273741

The Role of the Minimum Wage in the Welfare State: An Appraisal

Jimeno, Juan F.; Felgueroso, Florentino; Dolado, Juan José - 2000

In order to offer a balanced assessment of the role of minimum wages in the Welfare State, seven basic questions need to be answered: (i) Why is the minimum wage a useful redistributive tool?; (ii) How binding are minimum wage floors in different countries?; (iii) To what extent do minimum wages...

Persistent link: https://www.econbiz.de/10010273748

Dual Employment Protection Legislation : A Framework for Analysis

Dolado, Juan José; Jansen, Marcel; Jimeno, Juan F. - 2005

EPL varying among workers of different skills on the level and composition of unemployment, job flows, productivity and …

Persistent link: https://www.econbiz.de/10010273754

The economic properties of software

von Engelhardt, Sebastian - 2008

Software is a good with very special economic characteristics. Taking a general definition of software as its starting-point, this article systematically elaborates the central qualities of the commodity which have implications for its production and cost structure, the demand, the...

Persistent link: https://www.econbiz.de/10010273764

Intellectual property rights and ex-post transaction costs: the case of open and closed source software

von Engelhardt, Sebastian - 2008

The economic characteristics of software and transaction costs explain, why closed source and open source software co-exist. It is about the efficient use of a non- and anti-scarce resource. But because of ex-post transaction costs that lead to information asymmetries, some property rights...

Persistent link: https://www.econbiz.de/10010273765

Modeling optimism and pessimism in the foreign exchange market

de Grauwe, Paul; Kaltwasser, Pablo Rovira - 2007

In this paper we model how the existence of different beliefs about the underlying fundamental value of a currency affects the dynamics of the exchange rate. We find that a divergence of beliefs creates the potential for waves of optimism and pessimism that alternate in an unpredictable way....

Persistent link: https://www.econbiz.de/10010273768

Rules of proof, courts, and incentives

Demougin, Dominique M.; Fluet, Claude - 2007

We analyze the design of legal principles and procedures for court decision-making in civil litigation. The objective is the provision of appropriate incentives for potential tort-feasors to exert care, when evidence about care is imperfect and may be distorted by the parties. Efficiency is...

Persistent link: https://www.econbiz.de/10010273769

Fiscal competition, convergence and agglomeration

Fenge, Robert; von Ehrlich, Maximilian; Wrede, Matthias - 2007

This paper analyzes the impact of fiscal competition through infrastructure in a New Economic Geography framework. It … is shown that regional competition leads to convergence if the trade costs are high but induces divergence if trade cost … have fallen below a certain value. Moreover, fiscal competition yields an overprovision if the trade costs are sizable …

Persistent link: https://www.econbiz.de/10010273770

Taxing sin goods and subsidizing health care

Cremer, Helmuth; de Donder, Philippe; Maldonado, Darío; … - 2008

We consider a two-period model. In the first period, individuals consume two goods: one is sinful and the other is not. The sin good brings pleasure but has a detrimental effect on second period health and individuals tend to underestimate this effect. In the second period, individuals can...

Persistent link: https://www.econbiz.de/10010273775

Macroeconomic modeling when agents are imperfectly informed

De Grauwe, Paul - 2008

DSGE-models have become important tools of analysis not only in academia but increasingly in the board rooms of central banks. The success of these models has much to do with the coherence of the intellectual framework it provides. The limitations of these models come from the fact that they...

Persistent link: https://www.econbiz.de/10010273776