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An increase in legally binding severance payments creates both an incentive and a disincentive for workers to invest in firmspecific human capital. Which effect prevails on balance depends on the productivity of the worker's human capital investment. For strong positive reactions, increases in...
Persistent link: https://www.econbiz.de/10010321653
competition and inter- national firm and capital mobility. In this setting, taxes in one country affect foreign welfare through …
Persistent link: https://www.econbiz.de/10010321654
For more than 150 years, many economists have assumed public subsidies on higher education to have a regressive distributional effect. The German debate on this issue is kept alive by many empirical studies. Most of them confirm the thesis of a \"perverse distribution of income\" (Milton...
Persistent link: https://www.econbiz.de/10010321655
In standard models of New Economic Geography the overall regional price index in the centre is lower than in the periphery, because trade in manufacturing imposes transportation costs whereas trade in agriculture is assumed to be costless. Since real world observations suggest higher overall...
Persistent link: https://www.econbiz.de/10010321657
In this paper we analyze the political economics of different strategies to implement revenue neutral reforms of a complicated income tax system ('tax-cut-cum-base-broadening'). We set up a straightforward social choice model where individuals initially have two deduction possibilities from the...
Persistent link: https://www.econbiz.de/10010321658
Standard models of the new trade and location theories usually assume full employment and are thus ill-equipped to study spatial unemployment differences, which in reality are more pronounced that income disparities. Regional labour market theories like the ´wage curve´-approach on the other...
Persistent link: https://www.econbiz.de/10010321659
This paper develops a proposal for an international multilevel competition policy system, which draws on the insights … competition. Such governance can effectively be designed against the background of a combination of the well …-known nondiscrimination principle and a lead jurisdiction model. Put very briefly, competition policy on the global level restricts itself to …
Persistent link: https://www.econbiz.de/10010321667
The need for management of the marine ecosystem using a broad perspective has been recommended under a variety of names. This paper uses the term Ecosystem Management, which is seen as a convergence between the ecological idea of an organisational hierarchy and the idea of strategic planning...
Persistent link: https://www.econbiz.de/10010321673
Advances in competition economics as well as in computational and empirical methods have offered the scope for the … combined with other, more traditional instruments of competition policy in order to comprehensively unfold its beneficial …
Persistent link: https://www.econbiz.de/10010321675
Ecosystem Management requires models that can link the ecosystem level to the operation level. This link can be created by an ecosystem production model. Because the function of the individual fish in the marine ecosystem, seen in trophic context, is closely related to its size, the model groups...
Persistent link: https://www.econbiz.de/10010321679