Playing poker has many aspects in common with the making of business decisions. Agents act in a strategically rich, dynamic environment, where they are repeatedly facing competition under uncertain prospects. Their main goal is to maximize their resources. However simple this goal is put down,...

This work consists of two parts. In the first part I analyze the influence of personal mobility on the citizens' willingness to run for a political office in their municipality and on the resulting local policy outcome. The model portrays heterogeneous policy preferences that are coupled with...

Meanwhile, the Industrial Organization literature gives several reasons why retailers adopt competition clauses (CCs) such as price matching or price beating guarantees. The motivations underlying the CCs might affect their forms and spread. In this paper, we unravel the spreading pattern of CCs...

There is agreement within industrial organisation economics that an inverted U-shaperelationship exists between the level of competition in an industry and the level of innovation inthat industry. Thus, when consolidation changes the level of competition in an industry wemight expect this to...

Different ways of competing in markets came to dominate particular sectors, regions and national market economies in the postwar period as a result of variations in market conditions, technological regimes and institutional contexts. These varied in terms of production volumes, basis of...

This working paper brings together assessments of the trilateral relations between China, the EU und the US from the disciplines of political science and economics. The first paper primarily addresses the following three issues: a) China's current development and prospects b) EU-China relations,...

A substantial number of people exhibit social preferences, which means they are not solelymotivated by material self-interest but also care positively or negatively for the material payoffs ofrelevant reference agents...

Meanwhile, the Industrial Organization literature gives several reasons why retailers adopt competition clauses (CCs) such as price matching or price beating guarantees. The motivations underlying the CCs might affect their forms and spread. In this paper, we unravel the spreading pattern of CCs...

We study experimentally the relationship between distributional preferences and competitive behavior. We find that spiteful subjects react strongest to competitive pressure and win in a tournament significantly more often than efficiency-minded and inequality averse subjects. However, when given...