We test existing superstar theories for the German soccer league. We use various measures for individual players' performance and media presence to analyze whether performance and popularity can explain salaries and superstars in soccer. Moreover, we argue that quantile regression technique...

We test existing superstar theories for the German soccer league. We use various measures for individual players’ performance and media presence to analyze whether performance and popularity can explain salaries and superstars in soccer. Moreover, we argue that quantile regression technique...

We test existing superstar theories for the German soccer league. We use various measures for individual players’ performance and media presence to analyze whether performance and popularity can explain salaries and superstars in soccer. Moreover, we argue that quantile regression technique...

The paper addresses the question whether voters would favor a restriction on capital exports to the East, and if so, to what extent. In a two country framework, it is shown that an unrestricted capital outflow is not optimal, in the traditional sense of a social welfare maximizing benevolent...

This paper examines the possibility of a domestic producer evading taxes and duties by misstating the price of an imported intermediate good. In a qualitative response model it is shown that goverment's revenue maximizing behavior implies a detection function which depends positively on the...

Traditional explanations for the existence of barter trade have only very limited explanatory power. In particular, barter trade can neither overcome liquidity shortages nor make up for marketing deficiencies. It is argued that barter trade makes sense only in the presence of interventions in...

Dieser Dieser Beitrag stellt zur Diskussion, welchen Beitrag die "Compliance" im Rahmen der Corporate Governance-Forschung einnehmen kann, wie sich diese Einordnung aus einer öko-nomischen Sichtweise heraus begründen lässt und welche Auswirkungen zu erwarten sind. Mag auf den ersten Blick der...

Dem Phänomen "Corporate Governance" nähern sich Juristen und Ökonomen bisher weitgehend aus einem diametralen Blickwinkel heraus. Betrachten wir die zwei Enden des Intervalls von Austauschprozessen, so erfolgt(e) der Blickwinkel der Ökonomen weitgehend aus Richtung des Marktes, während...

Corporate governance is a recent concept that encompasses the costs caused by managerial misbehavior. Corporate governance is concerned with how organizations in general, and corporations in particular, produce value and how that value is distributed among the members of the corporation, its...

This paper analyzes environmental expenditures in Indonesia – a significant newly industrializing economy – reported at the plant level comprising all 23 thousand manufacturing establishments with more than 20 employees. Since compliance is barely enforced, pollution abatement expenditures...