Ziel der Studie ist es, den Einfluß fiskalischer Rahmenbedingungen auf dierelative Vorteilhaftigkeit alternativer Formen der Kapitalanlage unter besondererBerücksichtigung von Wohnungsinvestitionen zu ermitteln. Auf einemKapitalmarkt in einer Welt ohne jegliche Staatseingriffe müßten die...

Der vorliegende Beitrag erörtert, inwiefern staatliche Subventionen ein Instrument zurInternalisierung ökonomischer Außenwirkungen (externer Effekte) sind, dass den Ergebnissendes Standortwettbewerbs zu mehr Effizienz verhilft. Der Wettbewerb um Direktinvestitionenwird durch ein einfaches...

We analyze a situation where a principal wants to induce two firms to produce an output, e.g. electricity from renewable energy sources. Firms can undertake non-contractible investments to reduce production cost of the output. Part of these investments spills over and also reduces productioncost...

This paper uses the case study example of the recent application by British Aerospace (BAe) for£25m in Regional Selective Assistance (RSA) for its Broughton facility in North Wales andsubsequent granting of £19.5 m in assorted grant aid, to illustrate some of the wider regionalpolicy issues...

This contribution addresses the substantial tax subsidies for businesses introducedby the German Inheritance Tax Act 2009. Advocates in favour of the vast or evenentire tax exemption for businesses stress the potential damage of the inheritancetax on businesses, as those often lack liquid assets...

Im Rahmen des letzten „Gesundheitschecks“ der Gemeinsamen Agrarpolitik der Eu-ropäischen Union (EU) wurden die Direktzahlungen an die Landwirte reduziert und die damit eingesparten Mittel für die Entwicklung des ländlichen Raumes zur Verfü-gung gestellt (EUROPÄISCHE KOMMISSION 2009a)....

The Common Agricultural Policy (CAP) of the European Union has been in a process of reform since the early 1990s. As a result of reforms, agricultural market regulations have become more liberal and direct payments have been introduced which are to a large extent decoupled from production. In...

Bailing out banks requires overcoming debt overhang as well as dealing with adverseselection with respect to the quality of banks' balance sheets, in terms of heterogeneity inboth the likelihood and extent of their potential shortfalls, of future asset values vis-a-viscontractual debt...

The Common Agricultural Policy (CAP) of the European Union has been in a process of reform since the early 1990s. As a result of reforms, agricultural market regulations have become more liberal and direct payments have been introduced which are to a large extent decoupled from production. In...