If an economy faces stochastic fluctuations of the resource availability, for example in the case of resource imports, it is optimal in the long run to increase the domestic savings rate in contrast to a deterministic world. Uncertainty is partly substituted by capital accumulation. But this is...

Fashions and their revivals occur in a rather erratic manner. The paper shows that such fluctuations can be derived from the utility maximizing behaviour of rational individuals with stable preferences. It is assumed that the demand for the fashion good is determined, amongst other variables, by...

In this paper we examine how uncertainty might lead to an agglomerative bias in the domain of competition between jurisdictions for mobile citizens. Since Tiebout's (1956) seminal work asserting that competition between jurisdictions would lead to a first best allocation even in the presence of...

In diesem Beitrag werden die strategischen Interaktionen bei der Programmwahl privater und öffentlich-rechtlicher TV-Anbieter mit Hilfe eines einfachen spieltheoretischen Modelies untersucht. Dabei zeigt sich unter anderem, daß die in der gegenwärtigen medienpolitischen Diskussion heftig...

In this paper I discuss the general statistical relationships between beta- and sigmaconvergence (for a definition see section 2) and the implications of the Solow-Swan and Ramsey-Cass model for an OLS-estimation of beta- and sigma-convergence of the log of per capita GDP over a cross section of...

Much of what may be coined the creeping degradation of the environment is due to economic projects which are subject to public approval. The erection of buildings, the siting of factories, all require permission from bureaucracies. To answer the question whether there is too much or not enough...

In diesem Beitrag soll aufgezeigt werden, inwiefern die DNS als Finanzierungs- und Umweltschutzinstrument zur Lösung globaler Umweltprobleme und der Schuldenkrise der Dritten Welt und, wie unlängst auch vorgeschlagen (vgl. Schreiber (1988)), in Osteuropa beitragen können. Im nachfolgenden...

Does international tax competition in the environmental field lead to undesirably low levels of environmental regulation and to unacceptable disruptions of environmental quality? The paper tries to answer this question in a non-competitive partial-equilibrium framework. There is one firm that...