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We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We develop a theoretical model and show that average price is a U-shaped function of the measure of searchers: prices are highest when there are no searchers (local monopoly power)...
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Combining a theoretical model of imperfect information with empirical evidence, we show how the effect of providing price information to consumers depends on how well informed they are beforehand. Theoretically, an increase in consumer information decreases prices more, the fewer ex ante...
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Im Jahre 2009 ist in Deutschland die UN Konvention über die Rechte von Menschen mit Behinderungen (UN-BRK) in Kraft … getreten, in welcher sich Deutschland verpflichtet, ein inklusives Bildungssystem zu gewährleisten. Dafür müssen die … gegliederten Schulsystem. Welche Barrieren bestehen bei der Umsetzung inklusiver Schulreformen in Deutschland? Wie können diese …
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We study a conflict of interest faced by universal banks that conduct proprietary trading alongside their retail banking services. Our dataset contains the stock holdings of each and every German bank and of their corresponding retail clients. We investigate (i) whether banks deliberately push...
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