This paper introduces two simple betting mechanisms, Top-Flop and Threshold betting, to elicit unverifiable information from crowds. Agents are offered bets on the rating of an item about which they received a private signal versus that of a random item. We characterize conditions for the chosen...

The concept of sustainable development has been the most widely accepted concept of development in recent years. Its popularity has made it difficult to imagine a strategy paper not containing a reference to it. Because the concept of sustainable development is difficult to define, different...

Die Finanzierung des öffentlich-rechtlichen Rundfunks in Deutschland steht in der Kritik. Vielfach wird bezweifelt, dass eine öffentliche Finanzierung von Rundfunkanstalten aus ordnungspolitischer Perspektive noch gerechtfertigt werden kann. Die Autoren argumentieren, dass es trotz...

When considering issues of measuring welfare beyond gross domestic product (GDP), a key ongoing, but unfinished, agenda concerns how to measure the outputs of goods and services which are "free at the point of delivery". Public services such as schools and health services are major examples of...

This paper explores the short-and long-term effects on wages of absence from work for young highly attached skilled male and female workers in West Germany. The analysis distinguishes different types of career absence: unemployment, maternity leave for female workers, compulsory service for male...