Political reforms can be understood as the reconfiguration of formal institutions. The rational choice of formal institutions is the core topic of the New Institutional Economics research program. While bounded rationality is a core assumption of the New Institutional Economics and the reason...

As from a political economy perspective, politicians often fail to implement structural reforms, we investigate if the resistance to reform is based on the differences in the risk preferences of voters, politicians, and bureaucrats. Based on the empirical results of a survey of the population in...

As from a political economy perspective, politicians often fail to implement structural reforms, we investigate if the resistance to reform is based on the differences in the risk preferences of voters, politicians, and bureaucrats. Based on the empirical results of a survey of the population in...

From a political economy perspective, politicians often fail to implement structural reforms. In this contribution we investigate if the resistance to reform is based on the differences in the risk preferences of voters, politicians, and bureaucrats. Based on three surveys among the German...

O sterreich weist im internationalen Vergleich eine hohe Abgabenquote auf. Im Jahr 2016 betrug diese 43,4 % des BIP. Damit liegt O sterreich im Bereich jener La nder mit hohen Abgabenquoten wie etwa Finnland und Schweden. Lediglich in Frankreich, Da nemark und Belgien lag die Abgabenquote...