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Eine Welt voller Clubs

Author

Listed:
  • Zimmermann Klaus W.

    (Institut für Finanzwissenschaft, Helmut-Schmidt-Universität Hamburg, Holstenhofweg 85, D – 22043 Hamburg)

  • Schemm-Gregory Reto

    (Institut für Finanzwissenschaft, Helmut-Schmidt-Universität Hamburg, Holstenhofweg 85, D - 22043 Hamburg)

Abstract

The economic theory of clubs can offer eminent contributions to an efficient shaping of processes of integration, especially at the level of the European Union. To determine a welfare maximum in a world full of clubs, the distinction between the within-club point of view and the total economy point of view plays a decisive role. The article tackles this conflict in already existing clubs realizing their optimal size in connection with the principle-agent-problem between club members and club managers. Including the indivisibility problem of individuals and clubs in a more realistic perspective leads to a further problem typical for welfare maximization in a world full of full (i.e. optimally sized) clubs: the situation of those who will not be provided with the club goods. Three possible options taking care of those unprovisioned are distinguished, and it is analyzed how these options affect individual and social net benefit. It is shown that the efficiency of these options decisively depends on the within-club or total economy perspective implying specific principal-agent-problems. Some economic policy conclusions are drawn at the end applying the Frey/Eichenberger-Model of Functional Overlapping Competing Jurisdiction to the European Integration Process.

Suggested Citation

  • Zimmermann Klaus W. & Schemm-Gregory Reto, 2005. "Eine Welt voller Clubs," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 54(2), pages 230-264, August.
    • Handle: RePEc:lus:zwipol:v:54:y:2005:i:2:p:230-264:n:6
    DOI: 10.1515/zfwp-2005-0206
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    Cited by:

    1. Ohr Renate, 2007. "Clubs im Club – Europas Zukunft? / Clubs within the Club – Europe’s Future?," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 58(1), pages 67-84, January.
    2. Katharina Holzinger & Andrea Schneider & Klaus Zimmermann, 2011. "Minimizing the losers: regime satisfaction in multi-level systems," Constitutional Political Economy, Springer, vol. 22(4), pages 303-324, December.

    More about this item

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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