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Fiscal externalities arise if subsidies to higher education raise future net fiscal revenues. We investigate in which countries fiscal externalities provide a justification for increasing subsidies to higher education. First, we show that the marginal fiscal recovery rate, i.e. the ratio of the...
Persistent link: https://www.econbiz.de/10013322785
We compare single ballot vs dual ballot elections under plurality rule, assuming sincere voting and allowing for partly endogenous party formation. Under the dual ballot, the number of parties is larger but the influence of extremist voters on equilibrium policy is smaller, because their...
Persistent link: https://www.econbiz.de/10010264599
Under the common-law system of coverture in the United States, a married woman relinquished control of property and … market earnings and to own separate property. The former were called married women’s earnings acts (MWEAs) and the latter … married women’s property acts (MWPAs). Scholarly interest in the acts’ effects is growing. Researchers have examined how the …
Persistent link: https://www.econbiz.de/10011657192
sparse. To illustrate the functionality, we generate a panel of German property prices and rents that is unprecedented in its …
Persistent link: https://www.econbiz.de/10012657893
Studying a relatively under-researched aspect in economics, this paper examines the nexus between corruption and academic freedom. Our main hypothesis is that greater corruption undermines academic freedom and we test this hypothesis using cross-national data for 104 nations over the years 2012...
Persistent link: https://www.econbiz.de/10013427676
government decentralization did not. There were differences in the signs, magnitudes, and significance of the influence of some …
Persistent link: https://www.econbiz.de/10014377533
Private independent limited partnership venture capital funds receive capital from institutional investors, without tax incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated contract between the fund managers (general...
Persistent link: https://www.econbiz.de/10010315768
We examine a stark setting in which security or protection can be provided by self-governing groups or by for-profit entrepreneurs (kings, kleptocrats, or mafia dons). Though selfgovernance is best for the population, it faces problems of long-term viability. Typically, in providing security the...
Persistent link: https://www.econbiz.de/10010261357
Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on international trade. I use a large data set covering the travel activities of the heads of state of...
Persistent link: https://www.econbiz.de/10010261361
There is a widespread consensus among the most important players in developed countries (voters, politicians, producers, traditional and green interest groups and bureaucracies) that a shift towards an eco-social market economy is essential for sustainable growth. Nevertheless, market-based...
Persistent link: https://www.econbiz.de/10010276730