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Title: Optimal dynamic risk sharing when enforcement is a decision variable |
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Abstract Societies provide institutions that are costly to use, but able to enforce long-run relationships. We study the optimal decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions. Third-party enforcement is modelled as a costly technology that consumes resources, but permits the punishment of agents who deviate from ex ante speci?ed allocations. We show that it is optimal to employ the technology whenever commitment problems prevent ?rst-best risk sharing, but never optimal to provide incentives exclusively via this technology. Commitment problems then persist and the optimal incentive structure changes dynamically over time with third-party enforcement monotonically increasing in the relative inequality between agents. [Thorsten V. Koeppl] |
Author: Koeppl, Thorsten V. |
Series Title: Working paper series / European Central Bank ; 282 |
Publisher: European Central Bank |
Year: 2003 |
Language: en |
Ressource: Einzelne Arbeitspapiere, Preprints |
Keyword: Decision under riskInstitutional infrastructureRiskArbitrationVoluntary agreementTheoryContract theory |
Subject: Macro- and micro-economics |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int) |
Title: Institutions and service employment |
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Title (other): a panel study for OECD countries |
Abstract We live in a service economy, but the extent of development of service employment differs across developed countries. This paper assesses the role of structural factors and institutions in explaining the common patterns and main differences in the recent expansion of service employment in OECD countries. It finds that GDP per capita, the size of the government sector and the extent of urbanization are positively associated with the service employment share. However, the evidence suggests that laws and institutions such as product market regulations, unions and more coordinated wage-setting systems are hampering the expansion of service employment. [Julián Messina] |
Author: Messina, Julián |
Series Title: Working paper series / European Central Bank ; 320 |
Publisher: European Central Bank |
Year: 2004 |
Language: en |
Ressource: Einzelne Arbeitspapiere, Preprints |
Keyword: Labour MarketService industryInstitutional infrastructureOECD countriesEconomic change |
Subject: Labour market |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int) |
Title: EU national economic and social councils and similar institutions |
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Title (other): Conseils économiques et sociaux nationaux de l'UE et institutions similaires |
Abstract Inspired by a European spirit, the EU's national economic and social councils and the EESC worked together tirelessly to create a European network of economic and social councils. Thanks to the commitment of the presidents and members of all the councils, the network has helped forge systematic and structured cooperation on topics of practical relevance in EU policy. Today, the EU's network of economic and social councils and similar institutions is a recognised institutional set-up which is consulted and listened to by the main EU institutions.(...)The present publication is an integral part of a larger comparative study on EU Member States consultations with civil society on European policy matters. Following a call for tenders launched by the EESC, the European Union Democracy Observatory at the European University Institute in Florence was commissioned to carry out the study under the direction of Didier Chabanet and Professor Alexander H. Trechsel.[Author vide Copyright] |
Author (Corp. Body): Europäischer Wirtschafts und Sozialausschuss |
Year: 2010 |
ISBN / ISSN / Kat.Nr: 9789283013846 | QE-32-10-409-EN-C | EESC-2010-21-EN | 9789283013839 | QE-32-10-409-FR-C | CESE-2010-21-FR |
Language: en | fr |
Ressource: Einzelne Berichte, Studien |
Keyword: EU countriesInstitutional infrastructureSocial Policy |
Subject: International and regional organizations |
Countries Scheme: Europe. General Resources |
Online Ressource: vorübergehend nicht erreichbar! |
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document. Quelle / Source: Europäischer Wirtschafts- und Sozialausschuss (http://www.eesc.europa.eu/) |
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