Showing 1 - 10 of 1,142
This paper compares the impact of two equalization transfer schemes on regional budgetary choices: a gross equalization scheme, where ex-post transfers to regions are financed from federal tax revenues, and a net equalization scheme, where region-to-region ex-post transfers allocated by the...
Persistent link: https://www.econbiz.de/10011141835
This paper investigates the factors underlying the emergence of Research Cluster (RC), i.e. cooperation (or coordination of research efforts) through spatial proximity between public and private research teams. A ‘public lab’ and a ‘private lab’ interact in a two-stage game to decide on...
Persistent link: https://www.econbiz.de/10011194447
This paper analyses the tax competition mechanisms in a context of commodity trade. We show that the trade market equilibrium may restore the efficiency of the public good provision when agents from different countries have symmetric preferences. Asymmetry in preferences implies over or...
Persistent link: https://www.econbiz.de/10011194449
In this paper, we focus on the issue of water loss caused by leakage from obsolete water mains. We develop in this theoretical paper, a cost minimization problem of a water utility that faces leakage from water mains. Our framework enables us to determine the optimal water main quality index...
Persistent link: https://www.econbiz.de/10011194453
We introduce a new way to model the Bismarckian social insuance system, stressing its corporatist dimension. Comparing the Beveridgean, Bismarckian and Liberal systems according to the majority voting rule, we show that for a given distribution of risks inside society, the Liberal system wins if...
Persistent link: https://www.econbiz.de/10010775714
This paper examines a situation where a decision-maker determines the appropriate compensation that should be implemented for a given ecological damage. The compensation can be either or both in monetary and environmental units to meet three goals : i) no aggregate welfare loss, ii) minimization...
Persistent link: https://www.econbiz.de/10010775858
We introduce political economics into the soft budget constraint problem by asking if the timing of elections has the potential to harden budget constraints. Specifically, we ask under which circumstances the soft budget constraint problem is worse - with synchronized elections, i.e....
Persistent link: https://www.econbiz.de/10010899972
In this paper, we investigate the impact of leadership in a tax competition game. We show that leadership by a group of countries is pareto improving for each country (leaders and followers) compared to a Nash equilibrium outcome. In addition, a coalition of leaders is also pareto improving and...
Persistent link: https://www.econbiz.de/10010836035
Persistent link: https://www.econbiz.de/10005819429
This paper analyses the impact of funding source of the bailout on the softness of the regional budget constraint. We show that the funding source of the bailout has a considerable impact both on the credibility of the federal government's commitment and on the regional opportunistic behaviour....
Persistent link: https://www.econbiz.de/10005763150