This paper employs the methodology of constitutional political economy to examine the definition of citizenship, and the delineation of the rights that accompany citizenship. The concepts developed are then applied to the question of how rights and citizenship should be defined in the European...

This paper employs the methodology of "constitutional political economy" to examine the definition of citizenship, and the delineation of the rights that accompany citizenship. The concepts developed are then applied to the question of how rights and citizenship should be defined in the European...

One of the most conspicuous features of mergers is that they come in waves that are correlated with increases in share prices and price/earnings ratios. We use a natural way to discriminate between pure stock market influences on firm decisions and other influences by examining merger patterns...

The fundamental, underlying assumption in economics, public choice, and increasingly in political science and other branches of the social sciences is that individuals are rational actors. Many people have questioned the realism of this assumption, however, and considerable experimental evidence...

One of the most conspicuous features of mergers is that they come in waves, and that these waves are correlated with increases in share prices and price/earnings ratios. We test four hypotheses that have been advanced to explain merger waves: the industry shocks, q-, overvaluation and managerial...

We analyze the impact of corporate governance institutions, ownership structures and external capital market constraints on company returns on investment by using a sample of more than 19,000 companies from 61 countries across the world. We show that (1) of these three sets of institutions, the...

This paper analyzes the effects of mergers around the world over the past 15 years. We utilize a large panel of data on mergers to test several hypotheses about mergers. The effects of the mergers are examined by comparing the performance of the merging firms with control groups of nonmerging...

Diese Dissertation besteht aus zwei Teilen, die durch eine Einleitung zu Auktions- und Oligopolmärkten und durch eine kurze Diskussion über die erzielten Resultate am Ende der Arbeit miteinander verbunden sind. Der erste Teil diskutiert die Literatur zu Auktionen und analysiert das Verhalten...

Numerous studies have found a negative relationship between the closeness of an election, the size of the electorate and voter turnout. It is often claimed that this relationship supports the rational voter hypothesis, with closeness and size proxying for the decisiveness of a vote. We offer a...