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and the firm can base its incentive payments on good information. Competition, however, may allow themarket and explicit …
Persistent link: https://www.econbiz.de/10011316894
Most airports operate under public ownership, while some are privatized and economically regulated. Only a few airports are privately owned and experience little or no ex-ante regulation of airport charges. On the other hand, airports nowadays earn as much revenue from transport-related...
Persistent link: https://www.econbiz.de/10010510068
Sunday shop opening is deregulated to the municipal level in the Netherlands. Despite positive effects on economic growth and employment, many municipalities restrict Sunday shop opening. Based on 2003 data we show that diverse local characteristics, like the size of municipalities and religious...
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We allow the preference of a political majority to determine boththe corporate governance structure and the division of profits betweenhuman and financial capital. In a democratic society where financialwealth is concentrated, a political majority may prefer to restraingovernance by dispersed...
Persistent link: https://www.econbiz.de/10011337975
We identify the conditions under which voters can induce political parties to collect information and to select … voting rule should encourage parties to collect information. Voting rules that focus on the opposition party sometimes … information. However, in contrast to office motivated parties, policy motivated parties will sometimes select policies that …
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