How to spend 750 billion euro? Applying sacrifice theory to determine Covid-19 compensations in the EU

Greiner A, Owusu B (2020) Universität Bielefeld Working Papers in Economics and Management; 04-2020.
Bielefeld: Bielefeld University, Department of Business Administration and Economics.

Diskussionspapier | Veröffentlicht | Englisch
 
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Autor*in
Greiner, AlfredUniBi; Owusu, Benjamin
Abstract / Bemerkung
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.
Stichworte
Public transfers; sacrifice theory; economic union
Erscheinungsjahr
2020
Band
04-2020
Seite(n)
15
ISSN
2196-2723
Page URI
https://pub.uni-bielefeld.de/record/2944245

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Greiner A, Owusu B. How to spend 750 billion euro? Applying sacrifice theory to determine Covid-19 compensations in the EU. Universität Bielefeld Working Papers in Economics and Management. Vol 04-2020. Bielefeld: Bielefeld University, Department of Business Administration and Economics; 2020.
Greiner, A., & Owusu, B. (2020). How to spend 750 billion euro? Applying sacrifice theory to determine Covid-19 compensations in the EU (Universität Bielefeld Working Papers in Economics and Management, 04-2020). Bielefeld: Bielefeld University, Department of Business Administration and Economics. doi:10.4119/unibi/2944245
Greiner, A., and Owusu, B. (2020). How to spend 750 billion euro? Applying sacrifice theory to determine Covid-19 compensations in the EU. Universität Bielefeld Working Papers in Economics and Management, 04-2020, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
Greiner, A., & Owusu, B., 2020. How to spend 750 billion euro? Applying sacrifice theory to determine Covid-19 compensations in the EU, Universität Bielefeld Working Papers in Economics and Management, no.04-2020, Bielefeld: Bielefeld University, Department of Business Administration and Economics.
A. Greiner and B. Owusu, How to spend 750 billion euro? Applying sacrifice theory to determine Covid-19 compensations in the EU, Universität Bielefeld Working Papers in Economics and Management, vol. 04-2020, Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2020.
Greiner, A., Owusu, B.: How to spend 750 billion euro? Applying sacrifice theory to determine Covid-19 compensations in the EU. Universität Bielefeld Working Papers in Economics and Management, 04-2020. Bielefeld University, Department of Business Administration and Economics, Bielefeld (2020).
Greiner, Alfred, and Owusu, Benjamin. How to spend 750 billion euro? Applying sacrifice theory to determine Covid-19 compensations in the EU. Bielefeld: Bielefeld University, Department of Business Administration and Economics, 2020. Universität Bielefeld Working Papers in Economics and Management. 04-2020.
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2020-06-24T08:15:15Z
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