Our research is based on the effect of fiscal policies on the Greek prefectures. Using DEA methodology we compare the efficiency of the prefectures over the last three decades. Moreover, we determine where the resources are distributed in an efficient way and /or have been used efficiently by...

In their seminal work, The Calculus of Consent (1962), Buchanan and Tullock develop a decision model which embodies fundamental relation­ships relevant to institutional choices. However, the Buchanan-Tullock model remains "general," thus inviting others to specify details and to develop...

In this paper we set up an oligopolistic market model, where firms invest in pollution abatement in order to increase the whole market size via an increase in the consumers’ reservation price. Moreover, we suppose that the demand function is not a linear one and the resulting game is not a...

Using two alternative measures of expected inflation, this study investigates the impact of federal budget deficits on nominal long-term interest rate yields for the 1973.2-1995.4 period. Based on an open­ economy loanable funds framework, four instrumental variable esti­mates in first...

Examining the identification problem in the context of a linear econometric model can be a tedious task. The order condition of identifiability is an easy condition to compute, though difficult to remember. The application of the rank condition, due to its complicated definition and its...

Marine and coastal ecosystems are of high importance owing to the mankind dependence on the goods and services provided. As water quality is one perspective of healthy marine and coastal ecosystems, the aim of this study is to review as more as possible surveys conducted worldwide and in Greece....

This research advances the understanding of people’s attitude towards water resources valuation. Specifically, it aims to improve confidence in the interpretation of people’s willingness to pay (WTP) for water resources protection by enhancing understanding of value relationships. Primary...

This paper applies nonparametric estimators to examine the effect of regional quality of government on the environmental performance in the NUTS 1-regions in France, Germany and the UK. The most comprehensive existing regional measure on governance is used, gauging the partiality, corruption and...

This study examines the current and potential economic value of an artificial lake aiming to explore the factors that affect people’s willingness to pay (WTP) for its protection. The WTP was derived from a face-to-face survey of 564 residents and recreational users of the Plastira’s lake,...

What would the true government expenditure and tax burden im­pacts of California's Proposition 4 likely be if it (or its equivalent) were enacted in all 50 states? What happened to actual state plus local government expenditures per capita over the period 1970-1976 is examined. Next, we examine...