TY  - GEN
AB  - In this note we consider an economic union consisting of sovereign national states.
An asymmetric shock hits the union and as a result it decides to set up a fund in
order to compensate the countries in the union. We show how sacrifice theory can
be used to determine the compensation payments for the countries in a way such
that the relative damages after compensation are equal across countries. Finally, we
apply our results to determine the Covid-19 compensation payments in the EU.
DA  - 2020
DO  - 10.4119/unibi/2944245
KW  - Public transfers
KW  - sacrifice theory
KW  - economic union
LA  - eng
PY  - 2020
SN  - 2196-2723
SP  - 15-
TI  - How to spend 750 billion euro? Applying sacrifice theory to determine Covid-19 compensations in the EU
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29442458
Y2  - 2024-11-22T07:19:01
ER  -