Bücher der Reihe Microeconomic Studies

Analyzes the reasons why a perfectly competitive economy can grow in an inefficient manner and discusses the conditions for efficient economic growth. The text also considers the hypothesis which says that a nonproducible productive asset like land, prevents dynamic inefficiency.

and Acknowledgments Apparently almost every other month severe industrial hazards invade our living rooms, be it in terms of an ex post report or in terms of an alarming scenario, be it in a remote corner of the world or just in front of our doorstep.

Presented at the Workshop on the Origin and Furure of Social Security Schemes, Berlin, December 13 - 14, 1984

Especially in the industrialized Western economies housing policy issues are triggered mainly by two developments: growing population density and increasing environmental pollution enforce a systematic planning of regional and urban development; until today housing policy is considered an appropriate tool for redistribution and social policy.

The (average) rate of return on the premiums paid in this system equals the real rate of interest and, in principle, changes in the rate of population growth do not affect the premium rate or the benefit rate of the system.

A model of household decisions based on a bargainingapproach is developed providing a comprehensive frameworkfor the analysis of family behavior. Instead of this, a game theoretic approach isused to model family decisions as a result of intrafamilybargaining.

Neil Wallace (University of Minnesota) stimulated my interest in the kind of models with which the book deals. Dr. Hans-Werner Sinn (University of Munich). Dr. Utta Gruber (University of Munich) for her helpful comments and for her support. Hans Moller (University of Munich). Dr. Werner Gumpel (University).

State of the art modeling of investment behavior and analysis of incentive and allocative effects of taxation on investment behavior are reported in these proceedings.