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Universität München Institut für Wirtschaftsforschung

Works: 284 works in 330 publications in 1 language and 6,087 library holdings
Genres: Periodicals  Case studies 
Classifications: HD87, 338.9
Publication Timeline
Publications about Universität München
Publications by Universität München
Most widely held works by Universität München
Economic policy by Centre for Economic Policy Research (Great Britain)( file )
in English and held by 880 libraries worldwide
CESifo forum by CESifo( file )
in English and held by 685 libraries worldwide
Public finance and public choice : two contrasting visions of the state by James M Buchanan( Book )
2 editions published in 1999 in English and held by 573 libraries worldwide
"In this volume, based on a week-long symposium at the University of Munich's Center for Economic Studies, two leading scholars of governmental economics debate their divergent perspectives on the role of government and its fiscal functions."--Jacket
DICE report ( file )
in English and held by 283 libraries worldwide
Spectrum auctions and competition in telecommunications ( Book )
4 editions published in 2003 in English and held by 211 libraries worldwide
In 2000 and 2001, several European countries carried out auctions for third generation technologies or universal mobile telephone services (UMTS) communication licenses. These "spectrum auctions" inaugurated yet another era in an industry that has already been transformed by a combination of staggering technological innovation and substantial regulatory change. Because of their spectacular but often puzzling outcomes, these spectrum auctions attracted enormous attention and invited new research on the interplay of auctions, industry dynamics, and regulation. This book collects essays on this topic by leading analysts of telecommunications and the European auction experience, all but one presented at a November 2001 CESifo conference; comments and responses are included as well, to preserve some of the controversy and atmosphere of give-and-take at the conference. The essays show the interconnectedness of two important and productive areas of modern economics, auction theory and industrial organization. Because spectrum auctions are embedded in a dynamic interaction of consumers, firms, legislation, and regulation, a multidimensional approach yields important insights. The first essays discuss strategies of stimulating new competition and the complex interplay of the political process, regulation, and competition. The later essays focus on specific spectrum auctions. Combining the empirical data these auctions provide with recent advances in microeconomic theory, they examine questions of auction design and efficiency and convincingly explain the enormous variation of revenues in different auctions
CESifo world economic survey by CESifo GmbH (München)( serial )
in English and held by 51 libraries worldwide
Public health care with waiting time : the role of supplementary private health care by Michael Hoel( Book )
1 edition published in 2001 in English and held by 14 libraries worldwide
We consider an economy where most of the health care is publicly provided, and where there is waiting time for several types of treatments. Private health care without waiting time is an option for the patients in the public health queue. We show that although patients with low waiting costs will choose public treatment, they may be better off with waiting time than without. the reason is that waiting time induces patients with high waiting costs to choose private treatment, thus reducing the cost of public health care that everyone pays for. Even if higher quality (i.e. zero waiting time) can be achieved at no cost, the self-selection induced restribution may imply that it is socially optimal to provide health care publicly and at an inferior quality level. We give a detailed discussion of the circumstances in which it is optimal to have waiting time for public health treatment. Moreover, we study the interaction between this quality decision and the optimal tax/susidy on private health care
An equilibrium analysis of marriage, divorce and risk-sharing by Dan Anderberg( Book )
1 edition published in 2001 in English and held by 13 libraries worldwide
This paper considers family formation and reciprocity-based cooperation in the form of sharing of earnings-risk. While risk sharing is one benefit to marriage it is also limited by divorce risk. With search in the marriage market there may be multiple equilibria diering not only in divorce rates but also in the role of marriage in providing informal insurance. Publicly prvided insurance despite potential equilibrium multiplicity, is shown to aect family formation and financial cooperation monotonically. Some aspects of the model are then tested using international survey data and a bivariate probit model with sample selection
How to run a target zone? : age old lessons from an Austro-Hungarian experiment by Marc Flandreau( Book )
1 edition published in 2001 in English and held by 13 libraries worldwide
This paper considers what we argue was the first experiment of a exchange rate band. This experiment took place in Austria-Hungary between 1896 and 1914. The rationale of introducing this policy rested on precisely those intuitions that modern target zone literature has recently emphasized: the band was designed to secure both exchange rate stability and monetary policy autonomy. However, unlike more recent experiences, such as the ERM, this policy was not undermined by credibility problems. In other words the episode provides us with an ideal testing ground for some important ideas in modern macroeconomics: specifically, can formal rules, when faithfully adhered to, provide policy makers with some advantages such as short term flexibility? First, we find that a credible band has a "microeconomic" influence on exchange rate stability. By reducing uncertainty, a credible fluctuation band improves the quality of expectations, a channel that has
Who needs foreign banks? by Daniel Gros( Book )
1 edition published in 2003 in English and held by 11 libraries worldwide
This paper shows that countries with weak banking system and fiscal institutions, should benefit from the presence of foreign banks, which can constitute a commitment and transparency device. Foreign banks can also reduce the probability of self-fulfilling speculative attacks. A strong presence of foreign banks can make a currency peg feasible in the first place by rendering it more resistant to speculative attacks. The European experience is instructive in this respect. In all the 10 countries from Central and Eastern Europe (CEEC) that will join the EU 2004/7 the banking system is now dominated by foreign banks
Spilling over and crowding out : the effects of public sector/private sector convergence and competition in the provision of public goods by Diana Barrowclough( Book )
1 edition published in 2001 in English and held by 11 libraries worldwide
This paper develops an original model of product differentiation, to contribute to the debate about the regulation and finance of public television. It goes beond the conventional analysis in this topic, by showing the spillover effects that a public broadcaster can have upon commercial broadcasters. It shows how the existence of a public-financed, free-to-air channel (such as the BBC) can affect the behaviour of advertiser-financed, free-to-air channels (such as the ITV). In particlar, it shows what happens if the output of the public channel converges with that offered by private firms, so that it becomes less distinctive; and or it introduces advertising
EU enlargement, migration and the new constitution by Hans-Werner Sinn( Book )
1 edition published in 2004 in English and held by 10 libraries worldwide
The paper deals with the effects of migration resulting from EU Eastern enlargement on the welfare states of Western Europe. Although migration is good in principle, as it yields gains from trade and specialization for all countries involved, it does so only if it meets with flexible labour markets and if it is not artificially induced by gifts from the welfare state. This is not the present state of affairs in Western Europe. In addition to measures that make labour markets more flexible, the introduction of delayed integration of working migrants and the home country principle for non-working migrants is a rational reaction of the state. The proposed new EU constitution which contains far-reaching rules for a European social union should be amended accordingly
Insurance contracts and securitization by Neil A Doherty( Book )
1 edition published in 2001 in English and held by 10 libraries worldwide
High correlations between risks can increase required insurer capital and/or reduce the availability of insurance. For such increase lines, securitization is rapidly emerging as an alternative form of risk transfer. The ultimate success of securitization in replacing or complementing traditional insurance and reinsurance products depends on the ability of securitization to facilitate and/or be facilitated by insurance contracts. We consider how insured losses might be decomposed into separate components, one of which is a type of "systematic risk" that is highly correlated amongst insureds. Such as correlated component might conceivably be hedged directly by individuals, but is more likely to be hedged by the insurer. We examine how insurance contracts may be designed to allow the insured a mechanism tp retain all or part of the systemic component. Examples are provided, which illustrate our methodology in several types of insurance markets subject to systemic risk
International bailouts, moral hazard, and conditionality by Olivier Jeanne( Book )
1 edition published in 2001 in English and held by 10 libraries worldwide
The large international bailouts of the 1990s have been criticized for different reasons, in particular for generating moral hazard at the expense of the global taxpayer. We argue in this paper that some of these concerns are exaggerated or misleading because international bailouts have no or very little cost to the international community and the global taxpayer. The problem, in our view, is rather to ensure that the international safety net is not used as an input into bad domestic policies. This may require a shift towards ex ante conditionality, in the sense that the availability and size of official crisis lending need to be conditional on government policies bevore the crisis
Does risk aversion accelerate optimal forest rotation under uncertainty? by Luis H. R Alvarez( Book )
1 edition published in 2004 in English and held by 9 libraries worldwide
We use a Wicksellian single rotation framework to analyze the impact of the intertemporally fluctuating and stochastic mean-reverting interest rate process on the optimal harvesting threshold and thereby the expected length of the rotation period, when forest value is also stochastic following geometric Brownian motion and landowners are risk-averse. We provide an explicit solution for the two-dimensional path-dependent rotation problem and demonstrate that higher interest rate volatility increases, while higher risk aversion decreases the optimal harvesting threshold. Moreover, under risk aversion increased forest value volatility decreases the optimal harvesting threshold, while it has no effect under risk neutrality. Numerical illustrations indicate that higher interest rate volatility will raise the expected rotation period at an increasing rate, while higher forest value volatility will decrease its sensitivity under risk aversion
Economic land use, ecosystem services and microfounded species dynamics by Thomas Eichner( Book )
1 edition published in 2004 in English and held by 9 libraries worldwide
In an integrated economy-ecosystem model humans choose their land use and leave the residual land as habitat for three species forming a food chain. The size of habitat determines the diversity and abundance of species. That biodiversity generates, in turn, a flow of ecosystem services with public-good characteristics for human consumption. The ecosystem submodel yields (rather than assumes!) population growth functions with each species’ growth depending on the size of habitat. First the relationship between habitat and species growth (sustenance, decline and extinction) is explored. The laissez-faire economy is shown to result in an underprovision of habitat, making the case for land use restrictions for nature protection. The optimal land use policy is characterized with full regard of ecosystem dynamics. Finally, labor-augmenting technical change is introduced to generate ever increasing pressure towards further habitat reductions. In the laissez-faire economy the habitat is consequently squeezed to zero in the long-run so that all species are doomed. Social optimality demands, however, to refrain from using all land for economic purposes despite ever-growing labor productivity
Efficient nonanthropocentric nature protection by Thomas Eichner( Book )
1 edition published in 2004 in English and held by 9 libraries worldwide
This paper analyzes nature protection by a social planner under different ‘utilitarian’ social welfare functions. For that purpose we construct an integrated model of the economy and the ecosystem with explicit consideration of nonhuman species and with competition between human and nonhuman species for land and prey biomass. We characterize and compare the efficient allocations when social welfare is anthropocentric (only consumers have positive welfare weights), and when social welfare is nonanthropocentric (all species have positive welfare weights). Not surprisingly, biocentric social welfare calls for suspending all economic activities. It is more important, however, that both anthropocentrism and nonanthropocentrism make the case for nature protection through different channels. Our analysis suggests that one may dispense with the concept of nonanthropocentric social welfare provided that in the anthropocentric framework the consumers’ intrinsic valuation of nature is properly accounted for
Strategic campaigns and redistributive politics by Christian Schultz( Book )
1 edition published in 2003 in English and held by 9 libraries worldwide
Choosing club membership under tax competition and free riding by Hyun Park( Book )
1 edition published in 2003 in English and held by 9 libraries worldwide
We study the choice of club membership, when member-countries' national governments set their tax policies non-cooperatively. Federal policy (in the form of club membership) has a higher constitutional status than national policies (in the form of income tax rates). This allows federal policy to reduce the inefficiencies arising from uncoordinated national policies. We show that equilibrium membership decreases with any factors that generate Nash-type inefficiencies; growing capital mobility is one such factor. In the particular case in which these inefficiencies take the form of tax competition for mobile tax bases and free riding on other countries' contribution to international public goods, one can rationalize the formation of very small economic unions only. The normative result is that union enlargement requires a switch from uncoordinated to coordinated national fiscal policies
Taxation, incomplete markets, and social security : the 2000 Munich lectures by Peter A Diamond( file )
1 edition published in 2003 in English and held by 0 libraries worldwide
In this book, Peter Diamond analyzes social security as a particular example of optimal taxation theory. Assuming a world of incomplete markets and asymmetric information, he uses a variety of simple models to illuminate the economic forces that bear on specific social security policy issues. The focus is on the degree of progressivity desirable in social security and the design of incentives to delay retirement beyond the earliest age of eligibility for benefits. Before analyzing these models, Diamond presents introductions to optimal income tax theory and the theory of incomplete markets. He incorporates recent theoretical developments such as time-inconsistent preferences into his analyses and shows that distorting taxes and a measure of progressivity in benefits are desirable. Diamond also discusses social security reform, with a focus on Germany
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Alternative Names
Center for Economic Studies
Center for Economic Studies at Ludwig Maximilians University (München)
Center for Economic Studies (CES)
Center for Economic Studies (München)
CES (Center for Economic Studies ; München)
CES München
Institut für Wirtschaftsforschung an der Universität München
Ludwig-Maximilians-Universität Center for Economic Studies
Universität München Center for Economic Studies
Universität München Institute for Economic Research
English (35)
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