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This study was prepared by Beate Schirwitz while she was working at the Ifo Institute’s Dresden Branch. It was completed in February 2012 and accepted as a doctoral thesis by the Faculty of Law, Management, and Economics at the Johannes Gutenberg University Mainz in July 2012. It focuses on a...
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We study a continuous-time problem of optimal public good contribution under uncertainty for an economy with a finite …-Douglas utilities and we show that uncertainty and irreversibility of public good provisions do not affect free-riding. …
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current business conditions, transfer ownership at higher rates than others. Chapter 3 investigates how political uncertainty … investment ratio in years with no state election. Firms however seem to anticipate electoral uncertainty already when making … investment plans and hardly revise their plans. Chapter 4 examines whether political uncertainty influences how firm owners …
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Die vorliegende Arbeit untersucht die Aufteilung eines Budgets auf mehrere öffentliche Güter mittels einer Abstimmung. Hierzu betrachten wir Abstimmungsregeln, unter denen jeder Agent eine Budgetaufteilung vorschlägt und dann aus diesen Vorschlägen eine Budgetaufteilung (Allokation) bestimmt...
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