Publications
B3 - Unternehmenskontrolle, Unternehmensfinanzierung und endogener technischer Fortschritt
Incomplete Contracts and Excludable Public Goods
Journal of Public Economics, accepted for publication
Binary Payment Schemes: Moral Hazard and Loss Aversion
American Economic Review, Vol. 100(5), December 2010, pp. 2451-
2477
Fallacies, Irrelevant Facts and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive, Rock Center for Corporate Governance
Stanford University Working Paper No. 86, Stanford Graduate School of Business Research Paper No. 2063, Preprint, No. 2010/42 Max Planck Institute for Research on Collective Goods, September 2010
Incentive Problems with Unidimensional Hidden Characteristics: A Unified Approach
Econometrica, Vol. 78(4), July 2010, pp. 1201-1237
Strategic Information Disclosure and Competition for an Imperfectly Protected Innovation
Journal of Industrial Economics, Vol. 58(2), June 2010, pp. 349-372
The Impact of Firm Entry Regulation on Long- living Entrants
Small Business Economics, in press, June 2010
Optimal Democratic Mechanisms for Income Taxation and Public Good Provision
Journal of Public Economics, Vol. 94, 2010, pp. 453-466
Public-Good Provision in a Large Economy
Preprint 2010/02, Max Planck Institute for Research on Collective Goods, R&R for Econometrica, 2010
A Reconsideration of the Jensen-Meckling Model of Outside Finance
Journal of Financial Intermediation, Vol. 18(4), October 2009, pp. 495-525
Optimal Income Taxation and Public Good Provision with Endogenous Interest Groups
Journal of Public Economic Theory, Vol. 11(2), April 2009, pp. 311–342
The Role of Liquidity and Implicit Guarantees in the German Twin Crisis of 1931
Journal of International Money and Finance, Vol. 28, 2009, pp. 1-25
Corporate Governance and Incentive Contracts: Historical Evidence from a Legal Reform
Explorations in Economic History, Kind of outlet: Scientific journals, 2009
Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis
De Economist, Vol. 157, 2009, pp. 129-207
Information Aqusition and Strategic Disclosure in Oligopoly
Journal of Economics & Management Strategy, Vol. 17(1), January 2008, pp. 113-148
The Organization of Regulateg Production: Complementarities, Correlation and Collusion
International Journal of Industrial Organzation, Vol. 26(1), January 2008, pp. 327-353
Effizienz oder Wettbewerbsfreiheit? Zur normativen Grundlegung der Wettbewerbspolitik
Christoph Engel and Wernhard Möschel (eds.): Recht und spontane Ordnung, Festschrift für Ernst-Joachim Mestmäcker zum 80. Geburtstag, Baden-Baden, Nomos, 2008
The Role of Boundary Solutions in Principal-Agent Problems of the Holmström-Milgrom Type
Journal of Economic Theory, Vol. 136(1), September 2007, pp. 446-475
A Contribution to the Theory of Optimal Utilitarian Income Taxation
Journal of Public Economics, Vol. 91(7-8), August 2007, pp. 1449-1477
together with A1
Cost and Benefits from Infrastructure Competition. Estimating Welfare Effects from Broadband Access Competition
Telecommunications Policy, Vol. 31(6-7), July 2007, pp. 401-418
Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability
The Swiss National Bank 1907-2007, July 2007, pp. 741-780
The Provision and Pricing of Excludable Public Goods: Ramsey-Boiteux Pricing versus Bundling
Journal of Public Economics, Vol. 91(3-4), April 2007, pp. 511-540
The Undesirability of Randomized Income Taxation under Decreasing Risk Aversion
Journal of Public Economics, Vol. 91(3-4), April 2007, pp. 791-816
On the Long-Run Evolution of Technological Knowledge
Economic Theory, 2007, Vol. 30(1), pp. 171–180
Demand for storage of natural gas in north-western Europe. Trends 2005-2030
Energy Policy, Vol. 35(10), 2007, pp. 5206-5219
with Madjid Kuebler
Private Damage Claims and the Passing-On Defense in Horizontal Price-Fixing Cases: An Economist’s Perspective
J. Basedow (ed.), Private Enforcement in EC Competition Law, Kluwer Law International, Den Haag, 2007, pp. 121-159
Netting in Interconnector Auctions
Energy Journal, Vol. 28(1), 2007, pp. 113-144
How Do Official Bailouts Affect the Risk of Investing in Emerging Markets?
Journal of Money, Credit, and Banking, Volume: 38(7), October 2006, pp. 1689-1714
An Economic Approach to Article 82
Competition Policy International , Volume: 2(1), 2006, Pp 111 - 154
Braucht Deutschland eine private starke deutsche Bank? Über die Notwendigkeit nationaler Champions im Bankwesen
Kredit und Kapital, Vol. 39(2), 2006, 163-181
Monopoly Prices versus Ramsey-Boiteux Prices: Are they ‘‘Similar,’’ and: Does it Matter?
Journal of Industry, Competition and Trade, Vol. 6(1), 2006, pp. 27-44
Selling Reputation when Going Out of Business
International Economic Review, 2006
The Privatization of Italian Savings Banks – A Role Model for Germany?
DIW Quarterly Journal of Economic Research, 2006
Braucht Deutschland eine 'private starke deutsche Bank'? Ueber die Notwendigkeit nationaler Champions im Bankwesen
Kredit und Kapital, Vol. 39(2), 2006, pp. 163-181
A utilitarian Approach to the provision and pricing of excludable public goods
Journal of Public Economics, Vol. 89(11-12), December 2005, pp. 1981-2003
Konsistenzgebot im neuen TKG: Anforderungen und Zielkonflikte
MultiMedia und Recht, Beilage, Vol. 6, June 2005, pp. 6-8
Managerbereicherung gibt es überall
Frankfurter Allgemeine Sonntagszeitung, May 2005, Nr. 18, S. 47
Ramsey-Boiteux-Preise und Monopolpreise - zu einigen verbreiteten Missverständnissen
Netzwirtschaft & Recht, 2005
Nonlinear Incentive Provision in Walrasian Markets: A Cournot Convergence Approach
Journal of Economic Theory, Vol. 120(1), January 2005, pp. 1-38
The Privatization of Italian Savings Banks - A Role Model for Germany?
DIW Quarterly Journal of Economic Research (Vierteljahrshefte zur Wirtschaftsforschung), Vol. 74(4), 2005, pp. 32-50
Elitemodell Wartburg?
Stifterverband für die Deutsche Wissenschaft (ed.), Eine (un)endliche Geschichte? Beiträge zur Föderalismusdiskussion, Villa-Hügel-Gespräch 2004, 2005, pp. 16-23
Market Discipline, Information Processing, and Corporate Governance
K.J. Hopt, E. Wymeersch, H. Kanda, H. Baum (eds.), Corporate Governance in Context: Corporations, States, and Markets in European, Japan, and the US, Oxford, Oxford University Press, 2005, pp. 379-402
Liquidity and Contagion: The Crisis of 1763
Journal of the European Economic Association, Vol. 2(6), 2004, pp. 929-968
Banks as Delegated Risk Managers
Journal of Banking and Finance, Vol. 28(10), October 2004, pp. 2399-2426
Reply to Thomas Ferguson and Peter Temin's Comment on The German Twin Crisis of 1931
Journal of Economic History, Volume: 64(3), September 2004, pp. 877-878
The German Twin Crisis of 1931
Journal of Economic History, Volume: 64(3), September 2004, pp. 822-871
The Relation between Real Wages and Employment: An Intertemporal General-Equilibrium Approach
German Economic Review, Vol. 5(3), August 2004, pp. 263-295
An Agenda for a Growing Europe
Oxford University Press, March 2004
From Poverty Measurement to the Measurement of Downside Risk
Mathematical Social Sciences, 2004, Vol. 47(3), pp. 327–348
Netzwettbewerb durch Regulierung
U. Leprich, H. Georgi, E. Evers (eds.), Strommarktliberalisierung durch Netzregulierung, Energierecht und Energiewirtschaft Bd. 4, Berlin, Berliner Wissenschaftsverlag, Vol. 4, 2004, pp. 29-43
B4 - Die Gestaltung von Turnieren im Rahmen der Corporate Governance
Technology choice, relative performance pay, and worker heterogeneity
Journal of Economic Behavior and Organization, 2010, Vol. 76 (3), pp. 748-758
Promotion Tournaments and Individual Performance Pay
Journal of Economics and Management Strategy, Vol. 19 (3), pp. 699–731, 2010
On the Choice of Risk and Effort in Tournaments - Experimental Evidence
Journal of Economics & Management Strategy, Vol. 19 (3), pp. 811-840, 2010
Minimum Wages and Excessive Effort Supply
Economics Letters, 2010, Vol. 108 (3), pp. 341-344
Double-Sided Moral Hazard, Efficiency Wages and Litigation
Journal of Law, Economics, and Organization, 2010, Vol. 26 (2), pp. 337-364
Optimal Tournament Contracts for Heterogeneous Workers
Journal of Economic Behavior and Organization, Vol. 75(2), August 2010, pp. 180-191
Risk-Taking in Tournaments -Theory and Experimental Evidence
Journal of Economic Psychology , Vol 31(3), Jun 2010, 254-268
Technology Adoption under Hidden Information
Journal of Economics, 2010, Vol. 100 (1), 1-18
Sabotage in Dynamic Tournaments
Journal of Mathematical Economics, Vol. 46(2), March 2010, pp. 179-190
Rent Seeking, Employment Security and Works Councils: Theory and Evidence for Germany
Schmalenbach Business Review, Vol. 62, pp. 2-40, January 2010
Variance analysis and linear contracts in agencies with
Management Accounting Research, 2009, Vol. 20 (3), pp. 166-176
Should You Allow Your Employee to Become Your Competitor? - On Non-Compete Agreements in Employment Contracts
International Economic Review, 2008, Vol. 50 (1), pp. 117-141
Information in tournaments under limited liability
Journal of Mathematical Economics, Volume 45 (1-2), January 2009, pp. 59-72
On the Inefficiency of Merger Control
Economic Letters, 2009, Vol. 102 (1), pp. 53-55
Optimal Risk Taking in an Uneven Tournament Game with Risk Averse Players
Journal of Mathematical Economics, 2008, Vol. 44 (11), pp. 1219-1231
The Effect of Reputation on Selling Prices in Auctions
Jahrbücher für Nationalökonomie und statistik, 2008, Vol. 228 (4), pp. 345-356
Emotions in Tournaments
Journal of Economic Behavior and Organization, 2007, Vol. 67 (1), pp. 204-214
Distorted Performance Measurement and Relational Contracts
Schmalenbach Business Review, 2008, Vol. 60 (3), pp. 251-273
On the Adverse Selection of Technologies
Journal of Institutional and Theoretical Economics, 2008, Vol. 164 (2), pp. 343-355
Emotions and Compensation
Schmalenbach Business Review, Vol. 60, April 2008
Emotions and the Optimality of Uneven Tournaments
Review of Managerial Science, 2008, Vol. 2 (1), pp. 61-79
On Delegation under Relational Contracts
International Journal of the Economics of Business, Vol. 15 (1), 2008, pp. 85-98
On Sabotage in Collective Tournaments
Journal of Mathematical Economics, 2008, Vol. 44 (3-4), pp. 383-393
Human Capital Investments in Asymmetric Corporate Tournaments
Journal of Economics and Business, 2007, Vol. 60 (4) pp. 312-331
Doping and Cheating in Contest-Like Situations
European Journal of Political Economy, 2007, Vol. 23 (4), December 2007, pp. 988-1006
A Note on Revenue Sharing in Sports Leagues
Journal of Sports Economics, June 2007, Vol. 8 (3), pp. 309-316
Performance Measurement Technologies and the Trade-off of Risk and Incentives
International Journal of Business and Economics, Vol. 6 (1), 2007, pp. 1-10
A rationale for the coexistence of central and decentral marketing in team sports
German Economic Review, 2007, vol. 8, pages 89-106
Sabotage in Corporate Contests - An Experimental Analysis
International Journal of the Economics of Business, 2007, Vol.14 (3), pp. 367-392
Tournaments versus Piece Rates under Limited Liability
International Journal of Business and Economics, 2006, Vol. 5 (3), pp. 185-199
Are 18 holes enough for Tiger Woods?
Bulletin of Economic Research, 2006, Vol. 58 (3), pp. 267-284
Splitting Leagues
Journal of Economics, 2006, Vol. 88(1), pp. 21-48
Zur Reform der Professorenbesoldung in Deutschland
Perspektiven der Wirtschaftspolitik, Volume: 7, 2006, Pp 105-126
Strategic Delegation and Mergers in Oligopolistic Contests
Journal of Economics and Business, 2005, Vol. 58 (2), pp. 119-136
A Collective Tournament Under (un)limited Liability
Economic Issues, 2006, Vol. 11 (1), pp. 1-18
Strategic Delegation in Oligopolistic Tournaments
Review of Economic Design, Vol. 9 (4), 2006, pp. 377-396
Preemptive Behavior in Sequential-Move Tournaments with Heterogeneous Agents
Economics of Governance, Volume: 6, 2005, Pp 245-252
Simultaneous- versus Sequential-Move Tournaments with Heterogeneous Agents
Schmalenbach Business Review, Vol. 58, October 2006
On the Benefits of Withholding Knowledge in Organizations
International Journal of the Economics of Business, Volume: 12, 2005, Pp 193-209
An Empirical Study on Risk Taking in Tournaments
Applied Economics Letters, Volume: 12, 2005, Pp 457-461
Collective contests with externalities: corrigendum
European Journal of Political Economy, Volume: 21(2), 2005, Pp 533-536
Envy and Compassion in Tournaments
Journal of Economics and Management Strategy, Volume: 14, 2005, Pp 187-207
Helping and Sabotaging in Tournaments
International Game Theory Review, Volume: 7, 2005, Pp 211-228
Risk Taking in Asymmetric Tournaments
German Economic Review, Volume: 5, 2004, Pp 103-116
Oekonomische Analyse der Professorenbesoldungsreform in Deutschland
Wolfgang Franz, Hans Jürgen Ramser, Manfred Stadler (Hrsg.): Bildung, Tübingen, 2004, Pp 197-219
R&D Spillovers and Strategic Delegation in Oligopolistic Contests
Managerial and Decision Economics, Volume: 25, 2004, Pp 147-156
Turniere in Unternehmen als Leistungsanreiz
Zeitschrift für Management, Volume: 4, 2004, Pp 2-5
Managerial versus Entrepreneurial Firms: The Benefits of Separating Ownership and Control
Schmalenbach Business Review, Volume: 56 (1), 2004, Pp 2-19
Interindustry Wage Differentials and Industry-Wide Exit Rates of Firms
Applied Economics Quarterly, Volume: 50, 2004, Pp 165-182
The Wage Policy of Firms - Comparative Evidence for the U.S. and Germany from Personnel Records
The International Journal of Human Resource Management , Volume: 16, 2005, Pp 104-119
Preemption in Rank-Order Tournaments
Zeitschrift für Betriebswirtschaft, 2008, Vol. 77 (12), pp. 1293-1314
Hostile takeover and costly merger control
Public Choice, 2009, Vol. 141 (3), pp. 371-389
B5 - Weltwirtschaftliche Integration und die neue Firmenorganisation
Are Multinational Banks Different?
Economic Policy, forthcoming
When is FDI a Capital Flow?
accepted for publication in European Economic Review
Creditor Rights and Debt Allocation within Multinationals
Journal of Banking and Finance, Vol. 35(6), June 2011, pp. 1367-1379
Who is Afraid of Political Risk? Multinational Firms and their Choice of Capital Structure
Journal of International Economics, Vol. 82(2), November 2010, pp. 208-218
FDI and Domestic Investment: An Industry Level View
Berkeley Electronic Journal of Economic Analysis and Policy, Vol. 10(1), (Topics), July 2010
Germany's Super Competitiveness - A Helping Hand from Eastern Europe
published her article at VOXEU, June 20 2010
The Organization of Firms in a Global Economy
Harvard University Press, November 2008
Organization of Multinational Activities and Ownership Structure
International Journal of Industrial Organization, Vol. 26(6), November 2008, pp. 1274-1289
Entry of Foreign Banks and their Impact on Host Countries
Journal of Comparative Economics, Vol. 36(3), September 2008, pp. 430-452
Power Inside the Firm and the Market: A General Equilibrium Approach
Journal of the European Economic Association, Vol. 6(4), June 2008, pp. 752–788
Business Groups in Emerging Markets - Financial Control and Sequential Investment
Journal of Institutional and Theoretical Economics (JITE), Vol. 163(2), June 2007, pp. 336-355
How Elections Matter: Theory and Evidence from Environmental Policy
Quarterly Journal of Economics, Vol. 121(4), November 2006, pp. 1249-1281
Foreign Banks in Eastern Europe: Mode of Entry and Effects on Bank Interest Rates
Liebscher, Klaus, Christl, Josef, Mooslechner, Peter and Ritzberger-Grünwald, Doris (Eds.), Financial Development, Integration and Stability in Central, Evidence from Central, Eastern and South-Eastern Europe, Edgar Elgar, November, 2006, pp. 305-321
Product Standards, Trade Disputes, and Protectionism
Canadian Journal of Economics, Vol. 39(2), May 2006, pp. 564–581
Technology Transfer and Spillovers in International Joint Ventures
Journal of International Economics, Vol. 68(2), March 2006, pp. 456-468
Disorganization and Financial Collapse
European Economic Review, Vol. 49(2), February 2005, pp. 387-408
Foreign Banks in Eastern Europe: Mode of Entry and Effects on Bank Interest Rates
Austrian National Bank, European Economic Integration: Financial Development, Integration and Stability in Central, Eastern and South-Eastern Europe, 2005
B6 - Die Zyklizität von Fusionen und Übernahmen
Bankers on Boards of German Firms: What they do, what they are worth, and why they are (still) there
Review of Finance, Vol. 14, pp.35-71, 2010
Acquisitions as Lotteries: Do Managerial Gambling Attitudes Influence Takeover Decisions?
working paper, University of Mannheim
Corporate Governance and Acquirer Returns in Europe
working paper, University of Mannheim
Defensive Mergers and Acquisitions
Dissertation (4. Kapitel), University of Mannheim
Measuring the Quality of Corporate Governance: Is There a Uniform Standard?
working paper, University of Mannheim
How Preussag became TUI: AClinical Study of Institutional Blockholders and Restructuring in Europe
Financial Management 37 (3), 571-598
Do Shareholders Vote Strategically? Voting Behavior, Proposal Screening and Majority Rules
Review of finance, forthcoming
Bankers on Boards of German Firms: What they do, what they are worth, and why they are (still) there
Review of Finance, forthcoming
Do Shareholders Vote Strategically? Voting Behavior, Proposal Screening and Majority Rules
Review of Finance, forthcoming
Evaluating Methods to Estimate the Implied Cost of Equity Capital: A Simulation Study
working paper, University of Mannheim