In this paper I readdress the result that capital income taxes are bad instruments for pure redistribution and should be zero in the long run. In a neoclassical growth model a capital income cum investment subsidy tax, which is not distorting accumulation, is considered to investigate if net...

Kriminal-, Sozial- und Gesundheitspolitik haben die undankbare Aufgabe, bei ihren Entscheidungen zwischen zwei großen Kostenblöcken abwägen zu müssen, die einerseits in den gesellschaftlichen Kosten des Kriminalitätsrisikos durch psychisch kranke Tätergruppen, und auf der anderen Seite in...

Die vorliegende Dokumentation beinhaltet eine länderspezifische Spezialauswertung einer bundesweiten Feldstudie. Die Erhebung über die Situation der Inhaftierten, der Anstalten und eine vergleichende Analyse der Bundesländer stellen eine in diesem Umfang wohl bisher einzigartige Evaluation...

Many models show that redistribution is bad for growth. This paper argues that in a non-cooperative world optimizing, redistributing (’left-wing’) governments mimic non-redistributing (’right-wing’) policies for fear of capital loss if capital markets become highly integrated and the...

This article explores nonlinearities in the response of speculators’ trading activity to price changes in live cattle, corn, and lean hog futures markets. Analyzing weekly data from March 4, 1997 to December 27, 2005, we reject linearity in all of these markets. Using smooth transition...

During the last two decades the so called IT revolution has led to a diverse pattern of growth and employment in OECD countries. In particular, anglo-saxon economies like the U.S. or the U.K. exhibited high rates of economic performance and low unemployment rates, whereas continental European...

Dieses Papier beschreibt in Grundzügen die Vorgehensweise und erste Ergebnisse einer Meta-Analyse empirischer Arbeiten zur negativen Generalpr ävention. Von vielen hundert Studien aus allen Fach- und Themengebieten wurden zufällig 200 ausgewählt und mittels einer Meta-Analyse ausgewertet....

Guided by game theory we develop a model to explain behavioral equilibria under uncertainty and interaction with the spot market on balancing markets. We offer some insights for the general model and derive explicit solutions for a specific model in which the error distributions and pricing...

This paper explores the linkage between corporate risk management strategies, investment, and economic stability in an open economy with a flexible exchange rate regime. Firms use currency futures contracts to manage their exchange rate exposure – caused by balance sheet effects as in Krugman...

Social network formation models are often compared by their network structures, which satisfy specific equilibrium or welfare properties. Here, we concentrate on welfare criteria and define properties of utility function which are causal for certain network structures. We hope the identification...