risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional … investors in the sovereign bond market. We use a firm level panel dataset that covers large insurance companies, banks and non … reflected in current insurance regulation (incl. upcoming Solvency II in Europe). …

We apply a monopoly trade union model and analyze employment, wage and budgetary effects of (i) an inflow of migrant …

(somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether …