Working Paper Nr. 18 vom Jänner 2007
The ratchet effect: theory, possible solutions and international experience (German)
In a theoretical approach to the ratchet effect, the author starts by examining two possible solutions, yardstick competition and efficiency carryover mechanisms. In the practical part of the paper, yardstick competition and efficiency carryover mechanisms are illustrated using the examples of the Netherlands, Norway, Victoria (Australia) and England/Wales. In the end, the author sums up the conclusions reached.