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

Returns to Private Equity - Idiosyncratic Risk Does Matter!

Managerial Succession and Organizational Performance

How to Measure Patent Thickets - A Novel Approach

The Effects of Entrepreneurship Education

Patent Thickets, Licensing and Innovative Performance

Patents and the Survival of Internet-related NASDAQ-IPOs

Jostling for Advantage or Not: Choosing Between Patent Portfolio Races and Ex-ante Licensing

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

Authorized Generic Entry prior to Patent Expiry: Reassessing Incentives for Independent Generic Entry

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

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

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

The Influence of Strategic Patenting on Companies' Patent Portfolios

The duration of patent examination at the European Patent Office

Invention Processes and Knowledge Recombination across Technological Boundaries

The Market Value of R&D, Patents and Trademarks

Optimal Patent Length and Height, Empirica

Benefits of Control, Capital Structure and Company Growth

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

Incidence and Growth of Patent Thickets - The Impact of Technological Opportunities and Complexity

Platform Ownership

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

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

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

Is silence Golden? Patents versus Secrecy at the Firm Level

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

accepted for publication

Project Choice and Risk in R&D

Technologietransfer im Vergleich - Eine Fallstudie

Internationale Trends der Forschungs- und Innovationspolitik

The Internalisation of Young High-Tech Firms

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

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

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

together with A5

Regulatory Entry Barriers and Entrants' Performance

Measuring the Deterrence Effect of Competition Policy: The Competition Policy Indexes

Infinity in the Lab. How Do People Play Repeated Games?

Finitely Repeated Prisoners' Dilemma Experiments without a Commonly Known End

Regulation and Investment in Network Industries: Evidence from European Telecoms

Advance-Purchase Discounts as a Price Discrimination Device

Dynamic Merger Review

Competition for Scarce Resources

Learning Dynamics in Research Alliances: A Panel Data Analysis

Can China benefit from adopting a binding emissions target?

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

Vertical Merger, Collusion, and Disruptive Buyers

A model of technological breakthrough in the renewable energy sector

The Effects of Entry on Incumbent Innovation and Productivity

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

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

Welfare in Differentiated Oligopolies with more than Two Firms

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

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

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

European Sate Aid Control: an economic Framework

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

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

Why Firms form (or don’t form) RJVs

Ökonimische Analyse des Begriffs significant impediment to effective competition

The Political Economy of EU Merger Control

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

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

Merger Remedies

Product Market Competition and Lobbying Coordination in the U.S. Mobile Telecommunications Industry

Endogenous Costs and Price-Cost Margins

European State Aid Control: an economic framework

The Impact of the New Substantive Test in European Merger Control

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

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

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

A Political Economy Model of Infrastructure Allocation: An Empirical Assement

Analyse von Abhilfemaßnahmen im EU-Fusionsverfahren

Ökonomische Analyse des Begriffs "significant impediment to effective competition"

EU Merger Remedies: An Empirical Assessemt

Efficiency Gains from Mergers

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

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

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

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

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

Complementarity in Innovation Policy

JEL classification: L5, 031, 038

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

JEL classification: L40, F10

The Office of the Chief Competition Economist

Provision of Social Goods and Soft Budget Constraints

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

Bundling of Social and Private Goods and the Soft Budget Constraint

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

Editors' Introduction

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

The Transatlantic Antitrust Dialogue

Economic Analysis and Competition Policy Enforcement in Europe

Ökonomische Analyse in der EU Wettbewerbspolitik

Der ökonomische Ansatz in der europäischen Wettbewerbspolitik

Buyers' Alliances for Bargaining Power

Estimating Price-Cost Markups under Nonlinear Pricing competition

Entry and Productivity Growth: Evidence from Microlevel Panel Data

JEL classification: L5, L10, O31, O4

All Equilibria of the Vickrey Auction

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

Centralizing Information in Networks

Strategic Communication Networks

Access Regulation and the Adoption of VoIP

Markets and Strategies

Platform Competition and Seller Investment Incentives

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

Umbrella Branding and External Certification

Labor Pooling in R&D Intensive Industries

The Actual Structure of eBay’s Feedback Mechanism and Early Evidence of the Effect of Recent Changes

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

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

Monopoly Pricing under Demand Uncertainty: The Optimality of Clearance Sales

Umbrella Branding and the Provision of Quality

Alliances between Competitor and Consumer Information

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

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

Leniency Policies and Illegal Transactions

Asymmetric Regulation of Access and Price Discrimination in Telecommunications

Asymmetric Access Price Reguation in Telecommunications Markets

Competition in telecommunications: an introduction

Dynamic regulation and entry in telecommunications markets: a policy framework

A Strategic Approach to Software Protection: Comment

Reputation Mechanisms and Electronic Markets: Economic Issues for Procurement

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

Competition and Relational Contracts: The Role of Unemployment as a Disciplinary Device

Other-regarding Preferences in General Equilibrium

An experimental test of the deterrence hypothesis

Does parental employment affect children's educational attainment?

Reference Points and Effort Provision

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

Is the veil of ignorance only a concept about risk? An experiment

Exploiting Naivete about Self-Control in the Credit Market

Direct Evidence on Risk Attitudes and Migration

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

Are Risk Aversion and Impatience Related to Cognitive Ability?

Moral Norms in a Partly Compliant Society

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

Futile Attempts at Self-Sontrol

Homo Reciprocans: Survey Evidence on Behavioral Outcomes

Competition and Price Variation when Consumers are Loss Averse

Testing Theories of Fairness - Intentions Matter

Representative Trust and Reciprocity: Prevalence and Determinants

The medial prefrontal cortex exhibits money illusion

Institutions and Contract Enforcement