fragmentation of the value-added chain. Fragmentation is the outcome of cost competition - the profit-maximizing choice of cost …

(geno-) types as in evolutionary biology and game theory. Survival in inter- and intraspecies competition together with … competition and analyze the conditions for species survival. The second aspect refers to success in intraspecies competition of …

leadership. Our data, however, does not confirm the theory. While Stackelberg equilibria are extremely rare we often observe …

We report on an experiment designed to compare Stackelberg and Cournot duopoly markets with quantity competition. For …

Most models of labor markets and (un)employment neglect how competition among firms or sectors of the economy affects … by price competition. A special advantage of such a framework is that one can distinguish two kinds of employment effects …

is provided by a productivity-based model of the real value of the euro. Some panel regression estimates of the … relationship between intercountry relative productivity differentials and real exchange rates is presented. Using these estimates … to conduct some calculations, one comes to the conclusion that unless drastic changes to productivity trends occur, there …