This paper provides a description and a discussion of some important aspects relating to recent productivity developments in the euro area. Following decades of stronger gains in the euro area than in the US, labour productivity growth has fallen behind that in the US in recent years. This...

We study effects of a firm's attempt to optimize an existing incentive scheme to increase sales growth for direct store delivery workers. Before optimization workers reported Ratchet Effects that lowered productivity. The altered incentive plan offered higher compensation for increased sales...

We study effects of a firm's attempt to optimize an existing incentive scheme to increase sales growth for direct store delivery workers. Before optimization workers reported Ratchet Effects that lowered productivity. The altered incentive plan offered higher compensation for increased sales...

This paper investigates the growth factors of EU regions in the 1990s. We test the hypothesis that regional growth is determined by endogenous growth factors, trade and technological catching-up in a growth accounting framework....

This paper studies the behavior of boundedly rational agents in a two good economy where trading is costly with respect to time.

Der ifo Geschäftsklimaindex für die gewerbliche Wirtschaft Deutschlands ist im März gesunken. Auch die Klimaindikatoren für die ostdeutschen Bundesländer und Sachsen haben kräftig nachgegeben (vgl. Abb. 1). Zwar sind die sächsischen Befragungsteilnehmer mit ihren momentanen Geschäften...