Alexander Haupt & Tim Krieger: The role of relocation mobility in tax and subsidy competition

In this paper, NOUS members Tim Krieger and Alexander Haupt analyse the role of relocation mobility in tax and subsidy competition. Their primary result is that increasing mobility of firms leads to increasing ‘net’ tax revenues under plausible assumptions. While enhanced relocation mobility intensifies tax competition, it weakens subsidy competition. Read more…

Andreas Polk and Michael Hellwig: Do political links influence water prices?

In their new paper, NOUS member Andreas Polk and Michael Hellwig explain water prices in Germany by analyzing demand and cost drivers, governance structures and political links to local politicians. First, they find evidence for economies of scope between supply and wastewater treatment. Soil rigidity significantly influences water prices, and prices tend Read more…

Beyond behaviorism, positivism, and neo-institutionalism in economics: a conversation with Deirdre Nansen McCloskey

Paolo Silvestri interviews McCloskey about her forthcoming book, ‘Beyond Behaviorism, Positivism, and Neo-Institutionalism in Economics’, critical of recent economics, especially of neo-institutionalism. Neo-institutionalism uses the ugly character ‘Herr Max U’ as its central idea: the elevation of Prudence to the only virtue. Institutions are mainly intermediate, not ultimate, causes in Read more…