Despite the scepticism raised by the German Monopoly Commission our analysis shows that the revised theory of contestable markets can be applied to the telecommunications market better than expected. The original contestable market theory implied three assumptions necessary to be satisfied to...

In a sharp break with past German research, some recent estimates have suggested that plants with work councils have 25 to 30 per cent higher productivity than their works-council-free counterparts. Such findings can only serve to buttress the strong theoretical and policy interest in the German...

Der positive Zusammenhang zwischen Firmengröße und Exporttätigkeit gilt als ein stilisierter Fakt: Gestützt auf deskriptive Befunde und Ergebnisse von Regressionsmodellen auf der Basis von Querschnittsdaten wird argumentiert, dass sowohl die Wahrscheinlichkeit zu exportieren als auch der...

In a recent paper Edward Lazear proposed the jack-of-all-trades view of entrepreneurship. Based on a coherent model of the choice between self-emlployment and paid employment he shows that having a background in a large number of different roles increases the probability of becoming an...