Summary Against the background of growing media interest in professional soccer, this paper proposes a moral hazard model with costly state verification to explain how rule changes affecting the reward scheme of team performance impact on the success of managerial change. As has been shown...

Summary This paper empirically investigates determinants of digital piracy in Germany for several types of digitized products. To this end we rely on a survey comprising behavior and attitudes at the individual level. The sample matches some demographic characteristics of the German population...

Business cycles in different industries have a tendency to synchronize with one another in what appears to be a national business cycle. Using simulation and time series techniques in the time and frequency domain, we offer econometric support for the industrial sector mode-locking hypothesis,...