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Consider a public project which produces a consumption good and which benefits future generations. Let a conventional cost-benefit analysis find that it gives higher benefits than projects it would dis-place in the private sector. Voters may nevertheless oppose the public project: the...
Persistent link: https://www.econbiz.de/10011400766
This paper examines the importance of electoral rules for legislators behavior. The German electoral system includes a mechanism which assigns whether legislators are elected under the first-past-the-post (FPTP), or the proportional representation (PR) electoral rule. Using this institution, we...
Persistent link: https://www.econbiz.de/10011408941
explaining the interaction between private agents and fiscal authorities in the U.S., West Germany, Japan and the U.K. over the … is necessary to formally test the models' theoretical restrictions. In West Germany and Japan there is evidence that the …
Persistent link: https://www.econbiz.de/10009781505
Much economic analysis derives policy recommendations based on social welfare criteria intended to model the preferences of a policy maker. Yet, little is known about policy maker's normative views in a way amenable to this use. In a behavioral experiment, we elicit German legislators' social...
Persistent link: https://www.econbiz.de/10014247240
Most countries pay substantial intergovernmental transfers to poor regions. Since these transfers are often paid with the aim of achieving regional convergence, they should have a positive effect on economic growth. However, it is equally possible that transfers perpetuate under-development by...
Persistent link: https://www.econbiz.de/10011522145
Survey data from the United States, West Germany and East Germany are analyzed to compare individual attitudes towards … political redistribution in each country. In West Germany the homo oeconomicus effect , the social rivalry effect and the public … effect disappears. In East Germany both the second and the third effect disappear. …
Persistent link: https://www.econbiz.de/10009780207
examines the applicability of the development stage theory for explaining the growth dynamics of industrial production in Asian … Germany and the US. …
Persistent link: https://www.econbiz.de/10011409015
West Germany. Our basic goal is to shed light on what makes German regions grow. The paper finds that the relative income …, here West Germany, shows that the model might help to explain regional growth patterns. …
Persistent link: https://www.econbiz.de/10011409398
The concept of the employment threshold plays an important role in the public discussion of unemployment. The employment threshol d is defined as that growth rate of output which is necessary to keep employment constant despite the continuous rise in labour productivity. It is related to the...
Persistent link: https://www.econbiz.de/10009781535
We examine whether government ideology was correlated with the growth in military expenditure in Germany over the …
Persistent link: https://www.econbiz.de/10010515371