notoriously low selfemployment rate. Empirical evidence on the effectiveness of such programmes is scarce. The contribution of the … present paper is twofold: first, we evaluate the effectiveness of two start-up programmes for the unemployed. Our outcome …

Germany in the last decade. The effectiveness of the most important programs (in terms of participants and spending) such as … effectiveness of two start-up programs in East Germany. Our findings – even though partly preliminary – are rather promising …

enforcement via relationships and reputations. A number of mechanisms, such as the repeat purchase mechanism (Klein and Leffler … incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or … service exchanged. In general, neither the repeat purchase mechanism nor efficiency wages is the most efficient in the set of …