Abstract Seit Beginn der neunziger Jahre sind in großer Zahl sogenannte Discount Broker oder Direktbanken gegründet worden und haben bereits erhebliche Marktanteile erworben. Sie verzichten auf einen an den individuellen Bedürfnissen des Kunden orientierten Beratungsservice und geben im...

Summary For the first time in 2005 the Federal Cartel Office prohibited two concentrations of municipal and private hospitals because they were expected to create or strengthen a dominant position in the market. The High Court of Düsseldorf (OLG) confirmed this view. An appeal is pending with...

What has to be developed here is a comprehensive general economic theory of law, based on normative individualism, i.e. the notion of individual freedom. Such a theory can only be evolutionary in character. It must recognize empirical knowledge and transfer it into norms, yet remain open to...

For the first time in 2005 the Federal Cartel Office prohibited two concentrations of municipal and private hospitals because they were expected to create or strengthen a dominant position in the market. The High court of Duesseldorf (OLG) confirmed this view. An appeal is pending with the...

GRUNDLEGUNG -- Zum Stand in der Praxis und vom Sinn eines Risikomanagements der Öffentlichen Hand -- EINORDNUNG DES RISIKOMANAGEMENTS DER ÖFFENTLICHEN HAND -- Öffentliches Risikomanagement – zukünftige Herausforderungen an Staat und Verwaltung -- Risikomanagement der Öffentlichen Hand –...

Using a Monte Carlo framework, we analyze the risks and rewards of moving from an unfunded defined benefit pension system to a funded plan for German civil servants, allowing for alternative strategic contribution and investment patterns. In the process we integrate a Conditional Value at Risk...