A research project conducted by the Office of the Chief Economist at the Inter-American Development Bank has found preliminary but compelling evidence that the budgetary institutions in Latin America have a significant bearing on fiscal results. The researchers have developed an index of budget...

For non-economists, it is often difficult to understand why economists place so much emphasis on the self-interest motive. It is obvious that people act out of a variety of motives - gratitude, anger, social obligation and many, many other motives. There are several reasons why economists still...

Inwiefern lassen sich soziale Tatbestände in Gesellschaften von Wildbeutern und tribal organisierten Bauern/Viehzüchtern mit Hilfe von Spieltheorie, Institutionen- und Organisationsökonomik, "Public choice"- Theorie und der Evolutionsökonomik besser erklären als mit dem herkömmlichen...