This paper investigates the impact of immigration on intertemporal public budgets. A modified generational accounting framework is employed to compute the average net contribution of migrants to the public…
This study provides detailed evidence on the recent transition state of Central and Eastern European (CEE) countries. It draws on data from a survey conducted among portfolio managers of Western investment funds…
We consider a population initially consisting of cooperators and defectors, who are engaged in a Prisoner's Dilemma. A knowledgeable mutant is introduced who memorizes other players by experience. We derive a…
In an experiment on sequential rent-seeking, we find that the theoretically predicted first-mover advantage does not exist empirically. Rather, a second-mover advantage can be observed. Though the subgame…
