Similar Search Results

Tax-benefit systems in Europe and the US : between equity and efficiency

Bargain, Olivier; Dolls, Mathias; Neumann, Dirk; … - 2011

Whether observed differences in redistributive policies across countries are the result of differences in social preferences or efficiency constraints is an important question that paves the debate about the optimality of welfare regimes. To shed new light on this question, we estimate labor...

Persistent link: https://www.econbiz.de/10009240828

Fiscal federalism, taxation and grants

Gonzalez-Eiras, Martín; Niepelt, Dirk - 2016

We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of taxation differs across levels of government because voters internalize general equilibrium effects at the central but not at the local level. This renders the degree of tax...

Persistent link: https://www.econbiz.de/10011523762

Local fiscal effects of immigration in Germany

Maxand, Simone; Sallam, Hend - 2024

We investigate the impact of immigration on public budgets using administrative data from German districts (Kreise). While previous literature suggests that the fiscal benefits of migration depend on government spending responses to immigration, the local-level effects in Germany remain...

Persistent link: https://www.econbiz.de/10014556613

Observable strategies, commitments, and contracts

Wärneryd, Karl Erik - 2014

We consider rules (strategies, commitments, contracts, or computer programs) that make behavior contingent on an opponent's rule. The set of perfectly observable rules is not well defined. Previous contributions avoid this problem by restricting the rules deemed admissible. We instead limit the...

Persistent link: https://www.econbiz.de/10010437999

Young and old competing for public welfare services

Borge, Lars-Erik (contributor); Rattsø, Jørn (contributor) - 2008

Persistent link: https://www.econbiz.de/10003641686

Distributive politics and electoral incentives : evidence from seven US state legislatures

Aidt, Toke; Shvets, Julia - 2011

We study the effect of electoral incentives on the allocation of public services across legislative districts. We develop a model in which elections encourage individual legislators to cater to parochial interests and thus aggravate the common pool problem. Using unique data from seven US...

Persistent link: https://www.econbiz.de/10009011938

Contract enforcement and institutions among the Maghribi traders : refuting Edwards and Ogilvie

Greif, Avner (contributor) - 2008

Edwards and Ogilvie (2008) dispute the empirical basis for the view (Greif, e.g., 1989, 1994, 2006) that multilateral reputation mechanism mitigated agency problems among the eleventh-century Maghribi traders. They assert that the relations among merchants and agents were law-based. This paper...

Persistent link: https://www.econbiz.de/10003730316

Active courts and menu contracts

Anderlini, Luca (contributor); Felli, Leonardo (contributor) - 2006

Persistent link: https://www.econbiz.de/10003456217

Information markets, elections and contracts

Gersbach, Hans; Müller, Markus - 2011

Politicians may pander to public opinion and may renounce undertaking beneficial long-term projects. To alleviate this problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and democratic elections. An information market is used to...

Persistent link: https://www.econbiz.de/10009009663

A game-theoretic foundation for the Wilson equilibrium in competitive insurance markets with adverse selection

Mimra, Wanda; Wambach, Achim - 2011

can be withdrawn after observation of competitors' contract offers. We show that an equilibrium always exists where … consumers obtain their respective Wilson-Miyazaki-Spence (WMS) contract. Jointly profit-making contracts can also be sustained … entry. -- casymmetric information ; competitive insurance market ; contract withdrawal …

Persistent link: https://www.econbiz.de/10009011830