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Articles 1 - 10 of 10

Full-Text Articles in Social and Behavioral Sciences

Slovakia's Surge: The New System's Impact On Fiscal Decentralization, Phillip J. Bryson, Gary C. Cornia Dec 2006

Slovakia's Surge: The New System's Impact On Fiscal Decentralization, Phillip J. Bryson, Gary C. Cornia

Faculty Publications

Slovakia's transition history long paralleled that of the Czech Republic, but the former adopted bold new reforms early in tis decade. This paper is a comparative treatment of fiscal decentralization since 1993 and more recent reforms of public administration, the two efforts representing the foundation of the New System. Czech experience is invoked simply to provide an appropriate benchmark for the evaluation of Slovakia's New System introduced in 2004, including the 19% "flat tax" and other striking measures in local public finance. The second focus of the paper is on the macro-economic impact of the New System. It is too …


Taxing Development: The Law And Economics Of Traffic Impact Fees, John B. Estill, Benjamin Powell, Edward Stringham Oct 2006

Taxing Development: The Law And Economics Of Traffic Impact Fees, John B. Estill, Benjamin Powell, Edward Stringham

Faculty Publications

No abstract provided.


The Property Tax In The Slovak Republic: Major Reforms And Striking Results, Phillip J. Bryson Sep 2006

The Property Tax In The Slovak Republic: Major Reforms And Striking Results, Phillip J. Bryson

Faculty Publications

This article is based on a presentation given on August 24, 2005, at the International Property Tax Institute’s 8th International Conference on Property Tax in Transition held in Prague, Czech Republic.


Incorporating Policymaker Costs And Political Competition Into Rent-Seeking Games, R. Kenneth Godwin, Edward J. Lopez, Barry J. Seldon Jul 2006

Incorporating Policymaker Costs And Political Competition Into Rent-Seeking Games, R. Kenneth Godwin, Edward J. Lopez, Barry J. Seldon

Faculty Publications

We incorporate policymaker costs of supplying rents and variable intensities of competition among rent seekers into the standard rent-seeking game. By incorporating these aspects, the game has greater verisimilitude to the lobbying process. The first aspect captures the fact that in rent-seeking contests there is a positive probability that neither firm will obtain the rent. The second aspect captures the fact that firms seeking different rents still must compete for policymakers' resources. We find that lobbying expenditures, rent-seeking profits, and rent dissipation depend on the intensity of competition and the value of the rent relative to policymaker costs. For example, …


Fair Enough: Ethics And Entrepreneurship, Robert G. Crawford May 2006

Fair Enough: Ethics And Entrepreneurship, Robert G. Crawford

Faculty Publications

The "new" is presumptively something that ought to be but isn't. On what grounds should that something be permitted? In business, why are some things legal for sale - deemed moral - while other similar things are deemed illegal - or immoral? Is the ground of this approval process rational? Or is the ground for making such decisions just competing moral perspectives?


Review Essay On The Politically Incorrect Guide To American History By Thomas E. Woods, Jr., Jeffrey Rogers Hummel Apr 2006

Review Essay On The Politically Incorrect Guide To American History By Thomas E. Woods, Jr., Jeffrey Rogers Hummel

Faculty Publications

No abstract provided.


Is-Mp-As Approach To Currency Devaluation, Yeung-Nan Shieh Jan 2006

Is-Mp-As Approach To Currency Devaluation, Yeung-Nan Shieh

Faculty Publications

No abstract provided.


Monopsonistic Wage Discrimination And Employment Effect Under Conditions Of Constant Labor Supply Elasticity, Yeung-Nan Shieh Jan 2006

Monopsonistic Wage Discrimination And Employment Effect Under Conditions Of Constant Labor Supply Elasticity, Yeung-Nan Shieh

Faculty Publications

No abstract provided.


Determining Discount Rates For Valuing Properties In Distressed Industries, Hal B. Heaton Jan 2006

Determining Discount Rates For Valuing Properties In Distressed Industries, Hal B. Heaton

Faculty Publications

This study addresses the procedure for determining discount rates for properties in industries under stress. A simple example with fixed and variable costs, which could represent a company in any of these industries, is used to demonstrate the difficulties of using standard approaches for estimating cost of capital.


The Market For Change: Community Economic Development On A Wider Stage, Peter R. Pitegoff Jan 2006

The Market For Change: Community Economic Development On A Wider Stage, Peter R. Pitegoff

Faculty Publications

Community economic development (CED) is distinguished by a specific agenda for broader development and accountability - for building local resources, economic capacity and political clout in lower- and moderate-income communities. Organizing and development of low-income communities must take account of microenterprise as the locus of substantial economic activity.