Discretionary fiscal policy can – owing to spillover effects – share characteristics of a public good, whenever some countries stabilize output, whereas others free ride and benefit from increasing import demand. Economic theory suggests that especially small countries and countries with...

How does international tax competition affect fiscal democracy? To what extent does it constrain the autonomy of democratic governments in choosing the level and structure of national taxation? While tax competition has not reduced the level of total taxation in OECD-22 countries, it has revenue...

Little is known on the effects of inheritances on the working behavior of heirs. Using panel data for Germany, we find behavioral responses that amount up to a 16% reduction in working hours for inheritances of one Mio Euro. For the majority of beneficiaries labor supply effects are, however,...

Using a generalized McFadden specification, we estimate the determinants of hourly response for the years 2006 through 2010 for all 16 standard retail customers who were on an optional real-time electricity rate offered by Duke Energy as of 2010, and provide a method to estimate how these...

Hybrid systems are dynamical systems composed of components with discrete and continuous behavior. Some systems change their structure during simulation, or their components behavior is essentially changing. This “structural dynamics” can be described in some modeling languages but the...

Technical systems can be characterized very often as complex heterogeneous. Many simulation algorithms exist for the analysis of continuous and discrete systems. However, the first modeling steps in the physical domains have not been sufficiently assisted by CAD tools. Multiports and generalized...

Irrational behavior of individuals as well as social externalities can justify specific regulations towards tobacco consumption. The article argues that individual self-control problems have been largely neglected in economics, whereas externalities resulting from tobacco consumption are...

Since 1.7.2005 the EU Savings Tax Directive has ensured a minimum of taxation on foreign interest income by offering participating countries the opportunity either to apply a withholding tax or to exchange information on cross-border interest income. The aim of the paper is to examine why...

This paper provides hourly own and cross price elasticities for industrial customers with up to 8 years of experience on Duke Power optional real-time rates. We include the effects of customer characteristics and temperature conditions. Aggregated results show larger own elasticities than have...