The paper in hand compares retail banking and the electric energy sector to investigate how digitalisation influences (de)centralisation. Structural similarities of both industries like the direct competition of large international companies (Deutsche Bank and RWE) with locale providers such as...

Die Shirking-Hypothese geht davon aus, daß Untemehmen Lohnprärnien und Kontrolle als substitutive Instrumente nutzen, um Arbeitnehmer zu Leistung anzuhalten. Die Unmöglichkeit, Arbeitsleistung perfekt zu beobachten, ist grundlegend für die Shirking-Hypothese, erschwert jedoch zugleich ihre...

This paper empirically investigates whether individuals withhold a certain amount of cash for precautionary reasons at the point-of-sale (POS) in order to be able to cover future transactions that might have to be paid for in cash. Such behaviour is costly for consumers because it imposes...