Enste and Wicher suggest that political regulation is always wealth-reducing. However, their analysis neglects various relevant determinants of the wealth indicator. Economic wealth cannot be estimated from the quantity of regulation, as quality and other aspects matter. Hence, political acumen...

The present study examines the criteria used by economic laypeople (N = 380 German citizens) and economists (N = 80 professors or postgraduates in economics) in judging reform measures as illustrated by policies of governmental labor market intervention policies. Results reveal...

A comprehensive regulation index covering five major fields (labour, product and capital market; education/innovation and the quality of institutions) has been used to analyse the relationship between the density of regulations and the size of shadow economies. The empirical results from 25 OECD...

Um trotz der wachsenden Komplexitaet wirtschaftliche Prozesse und ethische Verpflichtungen vereinen zu koennen, ist die Zuweisung von klaren Verantwortlichkeiten unumgaenglich. Der vorliegende Beitrag diskutiert vor dem Hintergrund der Prinzipal-Agenten-Theorie sowie der Empirie aus dem Ersten...