Blockchain-based smart contracts can potentially replace certain traditional contracts through decentralized enforcement and reduced transaction costs. However, scalability is a key bottleneck hindering their broader application and adoption, often leading to concentrated or exclusive networks....

Using a unique dataset we examine empirically which factors explain output per contributor in open source projects. We find that the output per contributor of open source programmes is much higher when licenses are less restrictive. Further examination suggests that the difference in output per...

The varieties of capitalism approach (VoC) and the related research assume that German firms adopt an internal flexibility profile that corresponds with the national institutional framework. Recent empirical studies, however, have found substantial diversity in realized firm-level strategies....

The varieties of capitalism approach (VoC) and the related research assume that Ger-man firms adopt an internal flexibility profile that corresponds with the national insti-tutional framework. Recent empirical studies, however, have found substantial diver-sity in realized firm-level strategies....

Consumer auctions were very popular in the early days of internet commerce, but today online sellers mostly use posted prices. Data from eBay shows that compositional shifts in the items being sold, or the sellers offering these items, cannot account for this evolution. Instead, the returns to...