Using a two-player Tullock-type contest we show that intuitively and structurally different contests can be strategically equivalent. Strategically equivalent contests generate the same best response functions and, as a result, the same equilibrium efforts. However, strategically equivalent...

The world has changed greatly since the 1960s and 1970s, when there existed a virtual consensus among Western experts that rapid population growth in the developing world represented a serious global crisis. One of the primary causes of environmental degradation in a country could be attributed...

We present a model for academia with heterogeneous author types and endogenous effort to explain changes in the publication process in Economics. We analyze the implications of these developments on research output. Lowering the precision of refereeing signals has a negative impact on able...

This paper proposes, by way of a theoretical model, that public subsidies for the arts act as a spur to the consumption of the arts which, in turn, increases the level of human capital, leading to increased economic growth. It points out that some recent studies in brain research deliver...

This paper proposes conditions for the existence and uniqueness of solutions to systems of linear differential or algebraic equations with delays or advances, in which some variables may be non-predetermined. These conditions represent the counterpart to the Blanchard and Kahn conditions for the...

Large parts of the Netherlands saw an early rise in market traffic during the late Middle Ages already. Exchange via the market became the dominant form not only for goods, but also for land, labour and capital, and this during the course of the sixteenth century already. This contribution...

Episodes of monetary contraction increases the risk premium of the enterprises which results in higher effective interest rate differential between market loans and subsidized loan; making these firms more reliant on subsidized loans. Since subsidies are easier to exploit and hard to administer....

Zusammenfassung: Der Aufsatz beinhaltet Überlegungen zur Messung der Kriminalität und der durch sie verursachten Schäden. Dazu dient das reaktivierte Konzept eines Schwereindex der Kriminalität. In den Ausführungen werden Datenerfordernisse thematisiert, wobei besonders auf die Messung der...

This paper investigates the impact of migration on Italian inbound tourism flows in a dynamic panel data framework. Arrivals, expenditure and nights from 65 countries are analyzed for the period 2005-2011. The migration variable is defined at both origin and destination in order to assess the...

The objective of this paper is to analyze the flexible working time arrangements in Bulgaria, using a life-course perspective. Two important features have to be outlined, namely: underdeveloped flexible forms of employment in the country, including working time arrangement, and lack of previous...