Mostrando recursos 1 - 3 de 3

  1. Freedom, enforcement, and the social dilemma of strong altruism

    De Silva, Hannelore; Hauert, Christoph; Traulsen, Arne; Sigmund, Karl
    Cooperation in joint enterprises poses a social dilemma. How can altruistic behavior be sustained if selfish alternatives provide a higher payoff? This social dilemma can be overcome by the threat of sanctions. But a sanctioning system is itself a public good and poses a second-order social dilemma. In this paper, we show by means of deterministic and stochastic evolutionary game theory that imitation-driven evolution can lead to the emergence of cooperation based on punishment, provided the participation in the joint enterprise is not compulsory. This surprising result - cooperation can be enforced if participation is voluntary - holds even in...
    (application/pdf) - 18-oct-2016

  2. Bank efficiency in CEE

    Kamecka, Magdalena
    The thesis investigates the efficiency of depository institutions in Austria, Bulgaria, Croatia, Serbia and Turkey between 2003 and 2006. Four of these countries switched from a planned to a market economy in the early 1980ies. These are contrasted with Austria. High coverage ratios are ensured by using data published by the relevant regulatory authorities. Data envelopment analysis yields higher efficiency scores in all but one country when deposits are treated as output. This implies that banks see deposits as products they offer to their customers and which they do not attempt to minimize. While in some countries improvements in efficiency...
    (application/pdf) - 18-oct-2016

  3. The Size of the Government and Economic Growth: An Empirical Study of Sri Lanka

    Herath, Shanaka
    The new growth theory establishes, among other things, that government expenditure can manipulate economic growth of a country. This study attempts to explain whether government expenditure increases or decreases economic growth in the context of Sri Lanka. Results obtained applying an analytical framework based on time series and second degree polynomial regressions are generally consistent with previous findings: government expenditure and economic growth are positively correlated; excessive government expenditure is negatively correlated with economic growth; and an open economy promotes growth. In a separate section, the paper examines Armey's (1995) idea of a quadratic curve that explains the level of government expenditure in...
    (application/pdf) - 18-oct-2016

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