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INFER Advances in Economic Research series

The International Network for Economic Research (INFER)

The International Network for Economic Research (INFER) was established in 1998 as an independent, non-profit research network. It supports high-profile research in all fields of economics and related areas through congresses, seminars, workshops and publications. The main objective of INFER is to foster interactions among academics, business practitioners and policy makers with a view to finding solutions to economic problems. Further details are available from the INFER web site at: www.infer-research.net The INFER Advances in Economic Research series publishes cutting-edge research findings in all aspects of economics. A multi-stage referee process and a Scientific Advisory Board of distinguished academics, business practitioners and policy makers ensure the quality of the publications. The INFER Advances in Economic Research series is edited on behalf of the Board of INFER by Michael Pickhardt. Members of the Scientific Advisory Board: John T. Addison Moore School of Business University of South Carolina, US Juergen G. Backhaus University of Erfurt, Erfurt, Germany John Bradley The Economic and Social Research Institute, Dublin, Ireland Inge Kaul United Nations Development Programme Office of Development Studies, New York Gordon Tullock George Mason University Fairfax, Virginia, US

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