Monopoly Distortions in Durability and Multi-Dimensional Quality

Sabotage in dynamic tournaments

Group Contest Success Functions

Entrepreneurial Financing, Advice and Agency Costs

Planned Obsolescence as an Incentive Device for Unobservable Quality

Accounting Transparency and the Asset Substitution Problem

Ex Post Private Information and Monopolistic Screening

Delegation and Incentives

Easy Targets and the Timing of Conflict

Keywords: easy targets, timing of conflict, war
together with A2

Delay in Contests

Keywords: Delay, contest, conflict
JEL classification: B31, D74, H77
together with A2

VCG mechanisms and efficient ex ante investments with externalities

Equilibria Learning in Simple Contests, Games and Economic Behavior, forthcoming

Message - Contingent Delegation

Buried in Paperwork: Excessive Reporting in Organizations, forthcoming

Ordinary Shares and Managers

Deterministic versus Stochastic Mechanisms Principal - Agent Models

Regulating Availability with Demand Uncertainty

Interim Information in Lomg Term Contracts

Mediation in Situations of Conflict and Limited Commitment

Ordinary Shares and Managers

Timing of verification procedures: monitoring vs. auditing

Honest certification and the threat of capture

The Bologna Process: How student mobility affects multi-cultural skills and educational quality with Lydia Mechtenberg

Conflict and the Social Contract

Contracting with imperfect commitment and noisy communication

Advertising and Conspicuous Consumption

Strategic information acquisition and the mitigation of global warming

The alliance formation puzzle and capacity constraints

40 Years of Research on Rent Seeking (Vol.1 and Vol.2)

Repeated Contests with Asymmetric Information

All Equilibria of the Multi-Unit Vickrey Auction

Private versus complete information in auctions

Multi-battle contests

Contests with stochastic abilities

Contest with an unknown number of contestants

Finanzkrise im Bundesstaat, Frankfurt, Berlin, u.a., forthcoming

The Merger paradox and why aspiration levels let it fail in the laboratory

Delegation in First-price All-pay Auctions

Keywords: first-price all-pay auctions, strategic delegation
JEL classification: D44

Ein Urteil und seine Folgen: Ökonomie und Verfassungswidrigkeit des Berliner Haushalts

Geringe Auswirkungen der Osterweiterung auf den Haushalt der Europäischen Union

Inverse Campaigning

Altruism and envy in contests: an evolutionarily stable symbiosis

Merger profitability and trade policy

Federal tax autonomy and the limits of cooperation

Union strategy and optimal direct taxation

Moral cost, commitment and committee Size

Strategic trade policy and the home bias in firm ownership structure

In der Schuldenfalle gefangen: Wie konnte es mit Berlin so weit kommen?

Silent interests and all pay auctions

The investment problem in terrorism

Profitable horizontal mergers without cost advantages: the role of internal organization, information and market structure

Ökonomische Analsye der exzessiven Verschuldung von Landeshaushalten - am Beispiel der Verfassungswidrigkeit der Berliner Haushalte

Finanzkrise im Bundesstaat

Bidding in Hierarchies

Keywords: contest, hiearchies, rent dissipation
JEL classification: D72, D74

Anreize statt Haushaltsnotlagen

Mobilität in mehrstufigen Ausbildungsturnieren

The Political Economy of the German Länder Deficits

Fragmented Property Rights and Incentives for R&D

Keywords: Management Science

The generalized Stackelberg equilibrium of the all-pay auction with complete information

Jenseits von Ausgabenkürzungen - Alternative Optionen zur Haushaltssanierung von Bundesländern: der Fall Berlin

Political Fragmentation and Projected Tax Revenues: Evidence from Flemish Municipalities with S. Goeminne and C. Smolders

Measuring the Bridging Potential of Voluntary Associations: The Importance of Association Size with H. Coffé

Ein Ausweg aus der bundesstaatlichen Haftungsverflechtung

Der Föderalstaat nach dem Berlin-Urteil

Haftungsbegrenzungen im internationalen Vergleich - Was kann Deutschland lernen?

Lobbying Contests with Endogenous Policy Proposals

Succession Rules and Leadership Rents

Time consistency and bureaucratic budget competition

Asymmetric conflict: Weakest link against best shot

Selection Tournaments, Sabotage, and Participation

FDI and the dark side of decentralisation

Rents, Dissipation and Lost Treasures: Comment

Contests with Multi-Tasking with Derek J. Clark

Contest with Investments

Simultaneous inrter- and intra group conflicts

Easy Targets and the Timing of Conflict

Keywords: easy targets, timing of conflict, war
together with A1

Delay in Contests

Keywords: Delay, contest, conflict
JEL classification: B31, D74, H77
together with A1

The Roles of Stories in Applying Game Theory

Learning About The Future and Dynamic Efficiency

The Theory of Assortative Matching Based on Costly Signals

Dynamic Revenue Maximization with Heterogenous Objects: A Mechnism Design Approach

Competing Auctions with Endogenous Quantities

An Economic Approach to Article 82

Keywords: Competition Policy, Abuse of Dominance, Article 82, Effects Based Approach
JEL classification: L4
together with B3

Buyers' Alliances for Bargaining Power

together with C5

All Equilibria of the Vickrey Auction

Priority Auctions and Queue Disciplines that Depend on Processing Time

The Design of an Efficient Private Industry

License Auctions and Market Structure

Contest Architecture

Innovation Timing Games: A General Framework with Applications

Keywords: Simple timing games; Preemption; Waiting; Innovation; R&D
JEL classification: L13; O31; O33

Mixed Bundling Auctions

Private Monitoring in Auctions

Keywords: Auctions; Tacit collusion; Repeated games; Cartels; Withholding information
JEL classification: D44; C73; L13; L12

Intermediation in Innovation

Keywords: Intermediation, Market Microstructure, Matching, Uncertainty, Innovation, Patent Licensing
JEL classification: D4, D8, L12, L13, O32

Declining Valuations in Sequential Auctions

An Experimental analysis of auctions with interdependent valuations

JEL classification: C92, D44

The Limits of Ex-Post Implementation

Matching Markets

An Analysis of the European 3G Licensing Process

Allocation Mechanisms and Post-Allocation Interaction

Allocative and Informational Externalities in Auctions and Related Mechanisms

Buyers Alliances for Bargaining Power

A Group Bargaining Solution

On the Desirabillity of an Efficiency Defense in Merger Control

Equilibria of a Dynamic Global Game: The Role of Cohort Effects

Item nonresponse to financial questions in household surveys: An experimental study of interviewer and mode effects

The relationship between risk attitudes and heuristics in search tasks: A laboratory experiment

A model of strategic delegation in contests between groups

Information, Coordination, and the Industrialization of Countries

"The relationship between risk attitudes and heuristics used in search tasks: A laboratory experiment"

Two-Sided Markets with Pecuniary and Participation Externalities

Fairness and the Optimal Allocation of Ownership Rights

Auctions to Implement the Efiicient Market Structure

The Chopstick Auction: A Study of the Exposure Problem in Multi-Unit Auctions

Keywords: Chopstick auction; Exposure problem; Laboratory experiment; Second-price sealed-bid auction
JEL classification: C9, D44

Fairness and Incentives in a Multi-Task Principal-Agent Model

Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints

Keywords: Housing Demand, Income Fluctuations, Overlapping Generations, Collateral Constraint
JEL classification: E32, G12, G21, R21

Inequity Aversion, Financial Markets, and Output Fluctuations

Housing Transactions and Macroeoconomic Fluctuations: A Case Study of England and Wales

Keywords: Housing Demand, Income Fluctuations, Overlapping Generations, Collateral Constraint
JEL classification: E32, G12, G21, R21

Strategic Experimentation with Exponential Bandits

Keywords: Strategic Experimentation, Two-Armed Bandit, Exponential Distribution
JEL classification: C73, D83, H41, O32

The Economics of Fairness, Reciprocity and Altruism - Experimental Evidence and New Theories

The Economics of Covenants as a Means of Efficient Creditor Protection

A Comment on Gayer and Shy

A Stochastic Model with Tenure Choice

What Determines the Level of IPO Gross Spreads? Underwriter Profits and the Costs of Going Public

Adding a Stick to the Carrot? The Interaction of Bonuses and Fines

Vertragstheorie

Fairness und der Homo Oeconomicus

Vom Homo Oeconomicus zum Homo Reciprocans

Fainress and the Optimal Allocation of Property Rights

Adding a Stick to the Carrot? The Interaction of Bonuses and Fines

Why do Low Cost Carriers Arise and How Can They Survive the Competitive Responses of Established Airlines? A Theoretical Explanation

A Comment on Dinlersoz and Pereira

Performance Measure Congruity and the Balanced Scorecard

Keywords: balanced scorecard, congruity, performance measurement, relational contracts
JEL classification: M41, M52

Fairness and Contract Design

Conditional Allocation of Control Rights in Venture Capital Firms

Inequality Aversion, Efficiency, and Maximin Preferences in Simple Distribution Experiments: Comment

Price variability and price dispersion in a stable monetary environment: Evidence from German retail markets

Incentives for separation and incentives for public good provision

Erga Omnes Norms and the Enforcement of International Law: Comment

Legal Damages for Losses of Chances

Haftung bei Unsicherheit des hypothetischen Kausalitätsverslaufs – Berechnungsmethoden am Beispiel der Arzthaftung

Der Einwand rechtmäßigen Alternativverhaltens -Rechtsvergleich, Ökonomische Analyse und Implikationen für die Proportionalhaftung

Exploiting Plaintiffs through Settlement: Divide and Conquer. Comment

Herding with and without Payoff Externalities - An Internet Experiment

Keywords: information cascades, herding, network effects, reputation, experiment, internet
JEL classification: C92, D8
together with C4

Herding and Contrarian Behavior in Financial Markets: An Internet Experiment

Keywords: Herding, Contrarian Behavior, Experiment, Internet
JEL classification: C92, D8, G1
together with C4

Veto-based Delegation

Keywords: veto power, asymmetric information, principal-agent relationship, no monetary transfers, implementation
JEL classification: D78, D82, L22, M54
together with A1

Reserve Prices in Auction as Reference Points

Can Coasean Bargaining Justify Pigouvian Taxation?

Keywords: Hold-up problem; Bargaining; Contracts; Taxation; Externalities
JEL classification: D62; H21; H23; L14

Fiscal Rules and Fiscal Performance in the European Union and Japan

Keywords: Fiscal policy, political budget cycles, government budgeting
JEL classification: H11, H61, H62

Are Fiscal Spending Rules Effective

Joint Ownership and Incomplete Contracts: The Case of Perfectly Substitutable Investments

Cooperative Investments induced by Contract Law

JEL classification: K12, D62

Asset Ownership and Contractibility of Interaction

Allocating Control in Agency Problems with Limited Liability and Sequential Hidden Actions

Workplace Surveillance, Privacy Protection, and Efficiency Wages

Should Contractual Clauses that Forbid Renegotiation Always be Enforced?

Political Economy of Fiscal Institutions

Delegation of Authority as an Optimal (In)complete Contract

Keywords: delegation, authority, incomplete contracts, hold-up, property rights
JEL classification: D82, D23, L14, L22

The pure theory of multilateral obligations

Keywords: externalities, damage rules, obligations
JEL classification: K13; K12; D62

Black Sheep and Walls of Silence

The Determination of Capital Controls: Which Role do Exchange Rate Regimes Play

Keywords: Capital controls; Exchange rate regimes; Transition economies
JEL classification: E42; F21; F33; P24

What Do Deficits Tell Us About Debt: Empirical Evidence On Creative Accounting With Fiscal Rules in the EU

Keywords: Fiscal rules, stock-flow adjustments, debt-deficit adjustments, stability and growth pact, excessive deficit procedure, ESA 95
JEL classification: E62, H61, H62, H63, H70

Law and Economics of Obligations

Keywords: liability rules, breach remedies, obligations law
JEL classification: K13; K12; D62

Endogenous Punishments in Agency with Verifiable Ex Post Information

Universal Possibility and Impossibility Results

Keywords: Impossibility theorems, efficient mechanisms, private information, participation constraints

The Choice of Exchange Rate Regimes in Transition Economies

Keywords: Official exchange rate regimes, De facto regimes, Transition economies
JEL classification: E42, F31,F33

Information Gathering, Transaction Costs, and the Property Rights Approach

Fiscal Policy Challenges for EU Acceding Countries

Risk Sharing and Stabilization

Spieltheorie und Schuldrecht - Der Ersatz reiner Vermögensschäden

The Choice of Exchange Rate Regimes in Transition Economies

Ökonomische Analyse der Organhaftung

Fisher Body Revisited: Supply Contracts and Vertical Integration

The political economy of regionalism

Keywords: diversity, referendum, secession, unequal union
JEL classification: D7, H2, H7

Job Protection Laws and Agency Problems under Asymmetric Information

Official and De Facto Exchange Rate Regimes in Transition Economies

Fiscal Policy Challenges for EU Acceding Countries

Macroeconomic Adjustment in the New EU Member States

Political Economy of Fiscal Institutions

Keywords: electoral systems, fiscal rules, budgeting processes
JEL classification: H11, H61, H62

Budgeting Institutions and Public Spending

Does Interbank Borrowing Reduce Risk

Financial Frictions, Capital Reallocation,and Aggregate Fluctuations

Financial Frictions, Capital Reallocation, and Aggregate Fluctuations, Journal of Economic Dynamics and Control

Budget Processes: Theory and Experimental Evidence

Keywords: Budget processes, voting equilibrium, experimental economics
JEL classification: H61, C91, C92

Reserve Prices in Auctions as Reference Points

Keywords: auction theory; reference-dependent utility; reserve prices
JEL classification: D44; D81; D82

Workplace Surveillance, Privacy Protection, and Efficiency Wages

Un conseil de stabilite pour assurer la soutenabilite budgetaire en UEM

Keywords: Fiscal institutions and fiscal performance, European Monetary Union
JEL classification: H11, H61

Tortious Acts Affecting Markets

Keywords: pure economic loss, expectation damages, tort
JEL classification: K13, K12, D62

Financial Liberalization in a Small Open Economy

Keywords: Financial liberalization, Macroeconomic fluctuations, Overshooting
JEL classification: E44, F34, F41

Macro Fiscal Policies: New Perspectives and Challenges

Keywords: Fiscal policy, macro economics, public policy in open economies
JEL classification: H5, H6, H7

The Future of Economic Regulation of Broadcasting Markets

Keywords: European media markets, regulation of broadcasting, political economy of the media
JEL classification: L43, L44, L82

Money Market Pressure and the Determinants of Banking Crises

Keywords: identification of banking crises, events method, and index of money market pressure, conditional logit model
JEL classification: C43, E44, G21

Immediate Demand Reduction in Simultaneous Ascending Bid Auctions: A Uniqueness Result

Existence of Linear Equilibria in the Kyle Model with Multiple Informed Traders

together with C7

The Third Generation (UMTS) Spectrum License Auction in Germany

together with A7

Gregarious Behaviour of Evasive Prey

Dynamic Coherent Risk Measures

Keywords: Risk Measures, Consistency, Coherence, Dynamic Models
JEL classification: D81

Stability of the replicator equation for a single species with a multidimensional continuous trait space

Generic Determinacy of Equilibria with Local Substitution

Keywords: prevalence, local substitution, determinacy, infinite-dimensional commodity spaces, Hindy-Huang-Kreps preferences, local substitution
JEL classification: D91

Speculation in Standard Auctions with Resale

Stochastic equilibria for economies under uncertainty with intertemporal substitution

Heterogeneous Time Preferences and Humps in the Yield Curve: The Preferred Habitat Theory Revisited

JEL classification: G12

Research Joint Ventures, Optimal Licensing and R&D Subsidy Policy

Price Formation in a sequential selling mechanism

Revenue Equivalence Revisited

Efficient Tournaments within Teams

Robustness of Bidder Preferences Among Auction Institutions (with Tim Salmon)

Procurement of Goods and Services. Scope and Government

Corruption in Procurement Auctions

Please, Marry Me! An Experimental Study of Risking a Joint Venture

Keywords: family bargaining, experiment
JEL classification: J12, C91

Comparative Study of One-Bid versus Two-Bid Auctions

Keywords: sealed-bid private-value auctions, experiments
JEL classification: D44, C91

Bidder Preferences among Auction Institutions

Keywords: bidder preferences, private values, sealed bid auctions, ascending auctions
JEL classification: C91, D44

Entry Fees and Endogenous Entry in Electronic Auctions

Keywords: bidder preferences, private values, sealed bid auctions, ascending auctions, endogenous entry
JEL classification: C91, D44

Experimental Internet Auctions with Random Information Retrieval

JEL classification: C9, D4, D8

Procurement Experiments with Unknown Costs of Quality

Keywords: reverse auction, procurement, experiment
JEL classification: C72, C91, D44, D82

Efficient (Re-)Scheduling: An Auction Approach

Keywords: Auctions, Rationing
JEL classification: D44, D45

On Some Auction Rules for Amicable Divorce in Equal Share Partnerships

JEL classification: D44

Bidding Behavior in Asymmetric Auctions: An Experimental Study

Keywords: Sealed bid auctions; Asymmetric bidders; Private-independent values; Experiments
JEL classification: D44, C91

Do Individuals Recognize Cascade Behavior of Others? - An Experimental Study

License Auctions with Royalty Contracts for (Winners and) Losers

Procurement with Costly Bidding, Optimal Short Listing, and Rebates

Immediate Demand Reduction in Simultaneous Ascending Bid Auctions: A Uniqueness Result

Effizienzsteigerung bei der FuE-Projektförderung durch wettbewerbliche Vergabeverfahren unter Berücksichtigung des Nachfrageverhaltens der Unternehmen nach Fördermitteln

How to allocate R&D (and other) Subsidies: An Experimentally tested Policy Recommendation

The Third Generation (UMTS) Spectrum License Auction in Germany

together with A6

The Choice of Prices vs. Quantities under Uncertainty

Modelling Tacit Collusion in Auctions

Corporate governance and incentive contracts: Historical evidence from a legal reform

Strategic Information Disclosure and Competition for an Imperfectly Protected Innovation

Optimal Income Taxation and Public Good Provision with Endogenous Interest Groups

Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability

A Reconsideration of the Jensen-Meckling Model of Outside Finance

The Role of Liquidity and Implicit Guarantees in the German Twin Crisis of 1931

Netting in Interconnector Auctions

Keywords: Divisible good auctions, interconnector, electricity mar?kets, competition policy
JEL classification: L94, D44

The Role of Boundary Solutions in Principal-Agent Problems of the Holmström-Milgrom Type

Keywords: Principal-agent problems, linear incentive schemes, intertemporal incentives, Brownian motion
JEL classification: C61, D82, J33

The Undesirability of Randomized Income Taxation under Decreasing Risk Aversion

Keywords: Optimal Income Taxation, Randomized Incentive Schemes, Nonincreasing Risk Aversion
JEL classification: H21

Private Damage Claims and the Passing-On Defense in Horizontal Price-Fixing Cases: An Economist’s Perspective

Keywords: Horizontal Price Fixing, Passing-On Defense, Private Damage Claims
JEL classification: K 21, L 41

The Provision and Pricing of Excludable Public Goods: Ramsey-Boiteux Pricing versus Bundling

Keywords: Mechanism Design, Excludable Public Goods, Ramsey-Boiteux Pricing, Renegotiation Proofness, Bundling
JEL classification: D61, H21, H41,H42

Effizienz oder Wettbewerbsfreiheit? Zur normativen Grundlegung der Wettbewerbspolitik

Keywords: Antitrust Policy, Abuse of Dominance, Article 82, Rebate and Bonus Schemes
JEL classification: L40

Braucht Deutschland eine 'private starke deutsche Bank'? Ueber die Notwendigkeit nationaler Champions im Bankwesen

Demand for storage of natural gas in north-western Europe. Trends 2005-2030

with Madjid Kuebler

Cost and Benefits from Infrastructure Competition. Estimating Welfare Effects from Broadband Access Competition

Information Aqusition and Strategic Disclosure in Oligopoly

The Organization of Regulateg Production: Complementarities, Correlation and Collusion

Market Discipline, Information Processing, and Corporate Governance

Keywords: Financial Institutions, Market Discipline, Information Efficiency, Corporate Governance
JEL classification: G30

Elitemodell Wartburg?

Netzwettbewerb durch Regulierung

An Agenda for a Growing Europe

Managerbereicherung gibt es überall

The Privatization of Italian Savings Banks – A Role Model for Germany?

The Privatization of Italian Savings Banks - A Role Model for Germany?

Keywords: Privatization, savings banks, three-pillar system
JEL classification: G21, H11, L33

The Long-Run Evolution of Technological Knowledge

Keywords: Endogenous technological change, Malthus, Long-run growth
JEL classification: O11, O31, O40

The Relation between Real Wages and Employment: An Intertemporal General-Equilibrium Approach

JEL classification: E1, E2

Selling Reputation when Going Out of Business

Banks as Delegated Risk Managers

The German Twin Crisis of 1931

Reply to Thomas Ferguson and Peter Temin's Comment on The German Twin Crisis of 1931

Nonlinear Incentive Provision in Walrasian Markets: A Cournot Convergence Approach

Keywords: Insurance, Moral Hazard, Incentive Contracting, Walrasian Markets, Rational-Expectations, Cournot Equilibrium
JEL classification: D50, D62, D80

Monopoly Prices versus Ramsey-Boiteux Prices

Keywords: Ramsey Pricing, Regulation, Access Pricing, Termination
JEL classification: L33, L50, L94

How Do Official Bailouts Affect the Risk of Investing in Emerging Markets?

A utilitarian Approach to the provision and pricing of excludable public goods

Keywords: Public-Good Provision, Admission Fees for Excludable Public Goods, Utilitarian Welfare Maximization
JEL classification: D61; D63; H21; H41

Liquidity and Contagion: The Crisis of 1763

Braucht Deutschland eine private starke deutsche Bank? Über die Notwendigkeit nationaler Champions im Bankwesen

From Poverty Measurement to the Measurement of Downside Risk

Konsistenzgebot im neuen TKG: Anforderungen und Zielkonflikte

Ramsey-Boiteux-Preise und Monopolpreise - zu einigen verbreiteten Missverständnissen

A Contribution to the Theory of Optimal Utilitarian Income Taxation

Keywords: Optimal Income Taxation, Utilitarian Welfare Maximization, Redistribution
JEL classification: D63, H21
together with A1

An Economic Approach to Article 82

Keywords: Competition Policy, Abuse of Dominance, Article 82, Effects Based Approach
JEL classification: L4
together with A3

Rent Seeking, Employment Security and Works Councils: Theory and Evidence for Germany

On the Choice of Risk and Effort in Tournaments - Experimental Evidence

Promotion Tournaments and Individual Performance Pay

Risk-Taking in Tournaments -Theory and Experimental Evidence

Hostile takeover and costly merger control

Double-Sided Moral Hazard, Efficiency Wages and Litigation

Variance analysis and linear contracts in agencies with

The Effect of Reputation on Selling Prices in Auctions

On the Inefficiency of Merger Control

The Effect of Reputation on Selling Prices in Auctions

Information in tournaments under limited liability

On Sabotage in Collective Tournaments

Preemption in Rank-Order Tournaments

with Peter-Jürgen Jost

Emotions and the Optimality of Uneven Tournaments

Should You Allow Your Employee to Become Your Competitor? - On Non-Compete Agreements in Employment Contracts

with Dirk Sliwka

On the Adverse Selection of Technologies

Doping and Cheating in Contest-Like Situations

Keywords: cheating, contest, doping, fraud in research, tournament
JEL classification: J3, K42, M5

Sabotage in Corporate Contests - An Experimental Analysis

Keywords: Bullying; Contest; Experiments; Sabotage; Tournament
JEL classification: C91, J33, J41, C72

Human Capital Investments in Asymmetric Corporate Tournaments

Sabotage in Corporate Contests - An Experimental Analysis

Tournaments versus Piece Rates under Limited Liability

Emotions and Compensation

Performance Measurement Technologies and the Trade-off of Risk and Incentives

On Delegation under Relational Contracts

Distorted Performance Measurement and Relational Contracts

Optimal Risk Taking in an Uneven Tournament Game with Risk Averse Players

Preemptive Behavior in Sequential-Move Tournaments with Heterogeneous Agents

Keywords: preemption, tournaments
JEL classification: J3, M12, M5

Collective contests with externalities: corrigendum

An Empirical Study on Risk Taking in Tournaments

Interindustry Wage Differentials and Industry-Wide Exit Rates of Firms

Keywords: wages, wage differentials, firm exit
JEL classification: J3, J31

Are 18 holes enough for Tiger Woods?

Keywords: Promotion tournament, selection, heterogeneous employees, repetition
JEL classification: D82, M51

A Collective Tournament Under (un)limited Liability

Keywords: Collective tournament, free-rider problem, liability, Nash bargaining
JEL classification: D2, J3, M5

Risk Taking in Asymmetric Tournaments

Keywords: effort effect, likelihood effect, risk taking, tournament
JEL classification: D23, J3, M12

A rationale for the coexistence of central and decentral marketing in team sports

Keywords: central marketing, decentral marketing, collective tournament, complementarity
JEL classification: D2, L1, L8, M5

Helping and Sabotaging in Tournaments

Keywords: cost effect; likelihood effect; tournament
JEL classification: J31, J33, M5

International Journal of the Economics of Business, Volume: 12, 2005, Pp 193-209

Keywords: competition, incentives, knowledge transfer, limited liability, organizations
JEL classification: J3, M5

Envy and Compassion in Tournaments

Journal of Economics and Management Strategy, Volume: 14, 2005, Pp 187-207

Strategic Delegation and Mergers in Oligopolistic Contests

Keywords: contests, merger, strategic delegation
JEL classification: L1, M2

Splitting Leagues

Keywords: collusion, leagues, promotion, relegation, tournaments
JEL classification: J3, J4, M5

A Note on Revenue Sharing in Sports Leagues

Keywords: broadcasting revenues, equal sharing, sports leagues, revenue sharing, winner-take-all scheme

Zur Reform der Professorenbesoldung in Deutschland

Keywords: Besoldung, Turnier
JEL classification: J3, M5

Strategic Delegation in Oligopolistic Tournaments

Keywords: managerial incentives, oligopoly, strategic delegation, tournaments
JEL classification: L1, M2

Managerial versus Entrepreneurial Firms: The Benefits of Separating Ownership and Control

Keywords: agency theory, contests, strategic delegation, takeovers
JEL classification: L1, M2

Simultaneous- versus Sequential-Move Tournaments with Heterogeneous Agents

Keywords: endogenous ordering of moves, heterogeneous agents, rank-order tournaments
JEL classification: J3, M12, M52

The Wage Policy of Firms - Comparative Evidence for the U.S. and Germany from Personnel Records

Turniere in Unternehmen als Leistungsanreiz

R&D Spillovers and Strategic Delegation in Oligopolistic Contests

Keywords: Contests, spillovers, strategic delegation
JEL classification: L1, M2

Oekonomische Analyse der Professorenbesoldungsreform in Deutschland

Keywords: Bullying; Contest; Experiments; Sabotage; Tournament
JEL classification: C91, J33, J41, C72
together with A1

Tournaments versus Piece Rates under Limited Liability

Keywords: incentives, piece rates, rank-order tournaments
JEL classification: J31, J33, M5
together with A1

Tournaments versus Piece Rates under Limited Liability

Keywords: incentives, piece rates, rank-order tournaments
JEL classification: J31, J33, M5

Emotions in Tournaments

Keywords: contest design, emotions, tournaments, unfair contests
JEL classification: J3, M5

Entry of Foreign Banks and their Impact on Host Countries

Organization of Multinational Activities and Ownership Structure

The Organization of Firms in a Global Economy

Foreign Banks in Eastern Europe: Mode of Entry and Effects on Bank Interest Rates

Business Groups in Emerging Markets - Financial Control and Sequential Investment

Power Inside the Firm and the Market: A General Equilibrium Approach

Power inside the Firm and the Market: A General Equilibrium Approach

Disorganization and Financial Collapse

Keywords: Transition, Financial crisis, Output fall, Credit constraint, Barter
JEL classification: G3, P3, D2, O1

Product Standards, Trade Disputes, and Protectionism

Technology Transfer and Spillovers in International Joint Ventures

Keywords: Foreign direct investment, International joint ventures, Technology transfer, Technology spillovers, Multinational firms
JEL classification: D43, F21, F23, L13, P31, O12

How elections matter:theory and evidence from environmental policy

Foreign Banks in Eastern Europe: Mode of Entry and Effects on Bank Interest Rates

Do good or bad borrowers pledge more collateral?

Valuation of Bond Illiquidity. An Option-Theoretical Approach

Bewertung von Anleihen bei potentieller Zahlungsunfähigkeit

JEL classification: G12, G13, G33

When Does Single-Source Versus Multiple-Source Lending Matter?

Keywords: Economic equilibrium, Issues, Loans, Public finance

Hedging Long-Term Forwards with Short-Term Futures - A Two-Regime Approach

Keywords: long-term forwards - hedging - Metallgesellschaft case - two-regime pricing
JEL classification: G13, G30

Banking Regulation and Financial Accelerators: A One-Period Model with Unlimited Liability

JEL classification: G21, G28

Bewertung von Anleihen bei potentieller Zahlungsunfähigkeit

JEL classification: G12, G13, G33

Bond Portfolio Optimization: A Risk-Return Approach

JEL classification: G11, G13

Empirical Exercise Behavior of Warrant Holders and its Consequences for Warrant Values

Keywords: Early exercise; late exercise; option pricing; transaction costs; Monte Carlo simulation
JEL classification: G12, G13, G32

Optimal Debt Service: Straight vs. Convertible Debt

Keywords: Convertible Consol Bond, Default Strategies
JEL classification: C72, G12, G32

When Does Single-Source Versus Multiple-Source Lending Matter?

Keywords: Economic equilibrium, Issues, Loans, Public finance

Optimal Exercise Strategies for Corporate Warrants

Keywords: Warrants, Exercise Strategy, Option Pricing, Financial Structure
JEL classification: G12,G13,G32

Valuation of Convertible Bonds when Investors Act Strategically

Keywords: Convertible bonds: markets, motives, and traditional valuation - General framework for the analysis of convertible bonds - Optimal conversion strategies and valuation of convertible bonds at and before maturity - Comparison of the results of three conver
JEL classification: G12, G13, G30

Pflichtwandelanleihen: Bewertung und Aktienkursreaktion bei Emission

JEL classification: G12, G14, G30

Streben Unternehmen nach ihrem optimalen Rating? Theorie und Evidenz vom deutschen Kapitalmarkt

JEL classification: G14, G30

Reform der Einschränkung der Urheberrechte in Lehre und Forschung — Abschätzung von Zahlungsbereitschaften für flexibleren Zugang zu studienrelevanter Literatur

The duration of patent examination at the European Patent Office

Patent Validation at the Country Level - The Role of Fees and Translation Costs

The Economics of Knowledge Regulation: An Empirical Analysis of Knowledge Flows

Patent Thickets, Licensing and Innovative Performance

The Influence of Strategic Patenting on Companies' Patent Portfolios

How Does Owners' Exposure to Idiosyncratic Risk Influence the Capital Structure of Private Companies?

Benefits of Control, Capital Structure and Company Growth

Platform Ownership

Institutionalized Incentives for Ingenu-ity - Patent Value and the German Employees' Invention Act

accepted for publication

Everything you always wanted to know about inventors (but never asked): Evidence from the PatVal-EU survey

accepted for publication

Tracing Mobile Inventors - The Causality between Inven-tor Mobility and Inventor Productivity

The Importance of Equity Finance for R&D Activity: Are there Differences between Young and Old Companies?

The Internalisation of Young High-Tech Firms

Internationale Trends der Forschungs- und Innovationspolitik

Project Choice and Risk in R&D

Is silence Golden? Patents versus Secrecy at the Firm Level

Managerial Ownership and Company Performance in German Small and Medium - Sized Private Enterprises

Technologietransfer im Vergleich - Eine Fallstudie

Optimal Patent Length and Height, Empirica, forthcoming

Vermögenspreise und Konsum

Revival of Aggregate Demand Policies

Ansteckungseffekte in einer Zinsfalle

Understanding the Digital Economy

The Optimal Regulation of Product Quality under Monopoly

A Survey on Moral Hazard, Contracts, and Social Preferences

Wage Indexation and Monetary Policy, Journal of Institutional and Theoretical Economics

Publicité limitée de l’information et sur-réaction aux annonces lors des épisodes spéculatifs

Optimal Degree of Public Information Dissemination

Optimal Contracts under Inequity Aversion

Keywords: Contract theory; linear contracts; incentives; sufficient statistics result; inequity aversion
JEL classification: D23, D63, J31, J33, M12, Z13

A Model of Delegation in Contests

Keywords: Strategic Delegation; Rent Seeking; Arms Races; Distributional Conflict
JEL classification: D72, D73, D4, P16

The Chopstick Auction: A Study of the Exposure Problem in Multi-Unit Auctions

Keywords: Chopstick auction; Exposure problem; Laboratory experiment; Second-price sealed-bid auction
JEL classification: C9, D44

Spectrum Auctions and Competition in Telecommunications

Asset Prices and Monetary Policy, Comment on: Carsten Detken, Frank Smets: Asset Price Booms and Monetary Policy

Financial Fragility, Bubbles, and Monetary Policy

CESifo Economic Studies

The Theory of Global Games on Test: Experimental Analysis of Coordination Games with Public and Private Information

Keywords: Coordination game, global game, payoff dominance, private information, public information, risk dominance, speculative attack, strategic uncertanity
JEL classification: C72, C91, D82, E58

Nachfragestimulierung statt Strukturreform - mit gebührenfreiem Rezept aus der deutschen Krise?

Geldpolitik in den USA - Die Fed in der Zinsfalle?

Die Theorie globaler Spiele: Private Information als Mittel zur Vermeidung multipler Gleichgewichte

Keywords: global games, Informationspolitik, Koordinationsspiele, multiple Gleichgewichte, Netzwerkeffekte, private Information, öffentliche Information, refinements, spekulative Attacken
JEL classification: C72, D82, E58

Optimal Risk Taking and Information Policy to Avoid Currency and Liquidity Crises

Keywords: coordination game, multiple lenders, private information, public information, speculative attacks, transparency
JEL classification: D82, F31, G33

Herding and Contrarian Behavior in Financial Markets: An Internet Experiment

Keywords: Herding, Contrarian Behavior, Experiment, Internet
JEL classification: C92, D8, G1
together with A5

In Search of Workers' Real Effort Reciprocity - A Field and A Laboratory Experiment

Learning Direction Theory and the Winner’s Curse

Keywords: experimental economics, learning, individual decision making
JEL classification: C91, D81, D83

Neutral versus Loaded Instructions in a Bribery Experiment

Herding and Contrarian Behavior in Financial Markets - An Internet Experiment

Learning to Like What You Have - Explaining the Endowment Effect

Why People Reject Advantageous Offers – Non-monotone Strategies in Ultimatum Bargaining (Evaluating a Video Experiment Run in PR China)

Keywords: ultimatum game, video experiments, strategy method, content analysis, non-monotonic strategies, social preferences
JEL classification: C78, C81, C91, C92, F00, O53, O5

Interactive Unawareness

GLAD: A simple adaptive strategy that yields cooperation in dilemma games

Herding with and without Payoff Externalities - An Internet Experiment

Keywords: information cascades, herding, network effects, reputation, experiment, internet
JEL classification: C92, D8
together with A5

A model of technological breakthrough in the renewable energy sector

Regulatory Entry Barriers and Entrants' Performance

How Does Entry Regulation Influence Entry into Self-employment and Occupational Mobility?

The Political Economy of Mobile Telecommunications Liberalization: Evidence from the OECD Countries

The Impact of Horizontal Mergers on Rivals: Gains to Being Left Outside a Merger

Lending Decisions of Cooperative Banks, Private Credit Banks and Savings Banks: An Empirical Analysis of Subsidized Loans for Young and Small Firms

A Short Overview of a Methodology for the Ex-Post Review of Merger Control Decisions

Welfare in Differentiated Oligopolies with more than Two Firms

The Effects of Entry on Incumbent Innovation and Productivity

Lending by Cooperative Banks, Private Credit Banks and Saving Banks: An Emirical Analysis of Subsidized Loans for Young and Small Firms

Settle for Now but Block for Tomorrow: The Deterrence Effects of Merger Policy Tools

Domestic Rivalry and Export Performance: Theory and Evidence from International Airline Markets

All Equilibria of the Vickrey Auction

together with A3

Buyers' Alliances for Bargaining Power

together with A3

The impact of ISO 9000 Diffusion on Trade and FDI: A New Institutional Analysis

Weniger und effektiv: Ökonomische Prüfverfahren könnten die EU - Beihilfenkontrolle stärken

Market Conduct and Endogenous Lobbying: Evidence from the U.S. Mobile Telecommunications Industry

Why Firms form (or don’t form) RJVs

Noch nicht Optimal: Die Wirkung von Auflagen in EU- Fusionskontollverfahren

Merger Remedies

Efficiency Gains from Mergers

The Impact of the New Substantive Test in European Merger Control

Complementarity in Innovation Policy

JEL classification: L5, 031, 038

EU Merger Remedies: An Empirical Assessemt

Keywords: Merger Control, Remedies, European Commission, Event Studies
JEL classification: L4, K21, C12, C13

Der ökonomische Ansatz in der europäischen Wettbewerbspolitik

Ökonomische Analyse des Begriffs "significant impediment to effective competition"

Ökonomische Analyse in der EU Wettbewerbspolitik

European State Aid Control: an economic framework

Analyse von Abhilfemaßnahmen im EU-Fusionsverfahren

Economic Analysis and Competition Policy Enforcement in Europe

On the Workings of a Cartell: Evidence from Norwegian Cement Industry

Export Orientation and Domestic Merger Policy: Theory and Some Empirical Evidence

Keywords: merger-policy, international-effects, open-economy
JEL classification: L40, L00

Industry Trade-Balance and Domestic Merger Policy: Empirical Evidence from U.S. Merger Policy for Manufacturing Sectors

JEL classification: L40, F10

The Transatlantic Antitrust Dialogue

The Office of the Chief Competition Economist

Consumer Surplus vs. Welfare Standard in a Political Economy Model of Merger Control

Editors' Introduction

Bundling of Social and Private Goods and the Soft Budget Constraint

Provision of Social Goods and Soft Budget Constraints

Keywords: Dynamic Efficiency, Transitional Economy, Soft Budget Constraint, Social Goods, Subsidy
JEL classification: L13, L30

Endogenous Costs and Price-Cost Margins

The Political Economy of European Merger Control: Evidence Using StockMarket Data

Keywords: Merger Control, Event Studies, Lobbying, EU
JEL classification: L4, K21, C12, C1

A Political Economy Model of Infrastructure Allocation: An Empirical Assement

Entry and Productivity Growth: Evidence from Microlevel Panel Data

JEL classification: L5, L10, O31, O4

Estimating Price-Cost Markups under Nonlinear Pricing competition

Keywords: Estimation of Equilibrium Oligopoly Models, Competitive Nonlinear Pricing, Common Agency
JEL classification: D43, D82, L96

The International Drivers of Domestic Airline Mergers in Twenty Nations: Integrating Industrial Organization and International Businesss

Keywords: airline-mergers, imperfect-competition, international-determinants

Lobbying and Regulation in a Political Economy: Evidence from the U.S. Cellular Industry

Keywords: Endogenous Price Regulation, Lobbying Activities, Political Economy, Endogenous Switching Regression, Mobile Telecommunications, U.S.
JEL classification: L5, D78, C35, L96

Antitrust Holdup Source, Cross-National Institutional Variation, and Corporate Political Strategy Implications for Domestic Mergers

Keywords: corporate political strategy, non-market strategy, merger reviews, antitrust policy

The Political Economy of EU Merger Control

EU Merger Remedies: An Empirical Assessemt

European Sate Aid Control: an economic Framework

Ökonimische Analyse des Begriffs significant impediment to effective competition

The Impact of the New Substantive Test in European Merger Control

Strategic Communication Networks

With a Little Help from my Enemy: Comparative Advertising as a Signal of Quality

Innovation, convergence and the role of regulation in the Netherlands and beyond, Telecommunications Policy

Labor Pooling in R&D Intensive Industries

Access Regulation and the Adoption of VoIP

Umbrella Branding and External Certification

Content and Advertising in the Media: Pay-TV versus Free-To-Air

Alliances between Competitor and Consumer Information

Asymmetric Access Price Reguation in Telecommunications Markets

Reputation Mechanisms and Electronic Markets: Economic Issues for Procurement

Dynamic regulation and entry in telecommunications markets: a policy framework

Competition in telecommunications: an introduction

Why the music industry may gain from free downloading - The role of sampling

Asymmetric Regulation of Access and Price Discrimination in Telecommunications

A Strategic Approach to Software Protection: Comment

Piracy of Digital Products: A critical Review of the Theoretical Literature

Leniency Policies and Illegal Transactions

Monopoly Pricing under Demand Uncertainty: The Optimality of Clearance Sales

Existence of Linear Equilibria in the Kyle Model with Multiple Informed Traders

together with A6

Insider Trading and Corporate Governance: The Case of Germany

with André Betzer

Does Anonymity Matter in Electronic Limit Order Markets?

Keywords: Market Microstructure, Limit Order Trading, Anonymity, Transparency, Liquidity, Volatility Forecasts
JEL classification: G10, G14, G24

Estimating the Probability of Informed Trading - Does Trade Misclassification Matter?

Keywords: Informed trading, market microstructure, trade classification
JEL classification: G12, G14, C52

An Analysis of Private Investors’ Stock Market Return Forecasts

Keywords: Behavioral Finance; Weekend effect; Weather effect
JEL classification: G14

Competition between exchanges: Xetra versus Euronext

A Characterization of the Distributions That Imply Existence of Linear Equilibria in the Kyle Model

Information-Based Relative Consumption Effects: Correction

Who Knows What When? The Information Content of Pre-IPO Market Prices

Eine empirische Untersuchung der individualisierten Veröffentlichung der Vorstandsvergütung

Keywords: Executive compensation, corporate governance, self regulation
JEL classification: G14, G30, G32

Estimating the Probability of Informed Trading - Does Trade Misclassification Matter?

An Analysis of Private Investors' Stock Market Return Forecasts

Exploiting Naivete about Self-Control in the Credit Market

Performance Pay and Multi-dimensional Sorting: Productivity, Preferences and Gender

Reference-Dependent Preferences and Effort provision

Lab Experiments Are a Major Source of Knowledge in the Social Sciences

Science, 535-538, October 23

Less fighting than expected - Experiments with wars of attrition and all-pay auctions

Moral Norms in a Partly Compliant Society

Are Risk Aversion and Impatience Related to Cognitive Ability?

The medial prefrontal cortex exhibits money illusion

Direct Evidence on Risk Attitudes and Migration

Representative Trust and Reciprocity: Prevalence and Determinants

Testing Theories of Fairness - Intentions Matter

Futile Attempts at Self-Sontrol

Homo Reciprocans: Survey Evidence on Behavioral Outcomes

Competition and Price Variation when Consumers are Loss Averse