"Institutional bypass is a reform strategy that creates alternative institutional regimes to give citizens a choice of service provider and create a form of competition between the dominant institution and the institutional bypass. While novel in the academic literature, the concept captures...

A growing literature documents the existence of strategic political reactions to public expenditure in one jurisdiction on either neighboring or reference jurisdictions. The latter might give raise to downward expenditure spiral, or "race to the bottom". However, in ascertaining the empirical...

"Race-to-the-bottom" deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern is...

"Nur die Vereinigten Staaten von Europa werden es den Europäern ermöglichen, im Wettbewerb mit Asien und Amerika bestehen zu können!" Diese These ist zum zentralen EU-Glaubenssatz ohne Alternative geworden und wird ohne jede Rücksicht auf Kosten oder den Widerstand der Bevölkerung verfolgt....

Предметом научного анализа является один из наименее изученных феноменов современной экономики турбулентность, понимаемая как явление самоорганизации, в...

В 1918-1928 гг. в России осуществлялся институциональный поиск – поиск такого типа экономической политики, который вывел бы страну из системного кризиса. Победа...

Российская цивилизация в XV-XVII вв. испытывала существенное влияние со стороны как восточных, так и западных стран. Хотя радикальная «вестернизация» России...

Vor dem Hintergrund der rechtlichen, rechtspolitischen und ökonomischen Bedenken ist es skeptisch zu bewerten, dass ein substanzieller Ausbau des Herkunftslandprinzips insoweit realisierbar ist, dass Unternehmen die nationale Rechtsordnung ihres Herkunftslands bei Investitionen oder...

Environmental federalism refers to the debate over the "optimal" level of government at which to delegate environmental policymaking. Although this issue receives widespread attention across the globe, opinions run the gamut. The diversity of views plays out in practice as well as different...

This thesis analyzes the dynamic of fiscal capitalization across space and over time in the Canton of Zurich. While the literature provides a profusion of evidence on capitalization, there is still a controversy on the extent to which local fiscal variables capitalize into house values and on...

We develop a simple model of banking regulation with two policy instruments: minimum capital requirements and supervision of domestic banks. The regulator faces a trade-off: high capital requirements cause a drop in the banks'; profitability, while strict supervision reduces the scope of...

A model is presented where universities competitively supply education to mobile students. Students are subject to a liquidity constraint so that tuition must be paid out of pre-university income. It is shown that student loans provided by home jurisdictions will ensure an efficient quality of...

The paper discussed the economic theory of international antitrust institutions. Economic theory shows that non-coordinated competition policies of regimes that are territorially smaller than the international markets on which business companies compete violate cross-border allocative efficiency...

Wettbewerbe und Rankings breiten sich zunehmend aus der Sphäre des Sports in andere gesellschaftliche Bereiche aus. Mit Rankings werden inzwischen auch komplexe Aufgaben wie die Bewertung regionaler Entwicklung mediengerecht vereinfacht. Annahmen über Vergleichbarkeit von Daten und die...

We show that, in competition between a developed country and a developing country over environmental standards and taxes, the developing country may have a "second-mover advantage." In our model, firms do not unanimously prefer lower environmental-standard levels. We introduce this feature to an...

Innovationen spielen im Wachstumsprozess von Volkswirtschaften eine wichtige Rolle, denn sie verfügen, insbesondere in forschungs- und wissensintensiven Wirtschaftssektoren und im Bereich von Querschnittstechnologien (z. B. Nano-, Bio-, In-formations- und Kommunikationstechnologien), oft über...

We provide a normative analysis of endogenous student and worker mobility in the presence of diverging interests between universities and governments. Student mobility generates a university competition effect which induces them to overinvest in education, whereas worker mobility generates a...

Tiebout's classic 1956 paper has strong implications regarding stratification across and within jurisdictions, predicting in the simplest instance a hierarchy of internally homogeneous communities ordered by income. Typically, urban areas are less than fully stratified, and the question arises...

We examine the welfare effects of provision of local public goods in an empirically relevant setting using a multi-community model with mobile and heterogeneous households, and with flexible housing supplies. We characterize the first-best allocation and show efficiency can be implemented with...

Zentrale Fragestellung der Arbeit ist, ob mit dem Sanierungsinstrument des Debt-Equity-Swaps nach § 225a InsO ein wesentlicher Fortschritt hin zu einer Sanierungskultur in Deutschland – in Anlehnung zur englischen Rescue Culture – geschaffen wurde, der die Wettbewerbsfähigkeit des...

The uncontrolled centralization of competences on the European level is problematic insofar as it does not correspond to the citizens' preferences. Constitutional constraints can prove essential for the freedom and the welfare of EU citizens. Existing constraints like the subsidiarity principle,...