We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them … aggregation. On the one hand, the expected benefit from being informed is larger in case the experts are consulted individually …. Hence, the experts either acquire the same or a larger amount of information, depending on the cost of information, than in …

immigration and absorption experience of ethnic Germans (Aussiedler) from Eastern Europe and the former Soviet Union in Germany …. Consistent with network theory, the social background of the Aussiedler group became more representative of the sending … after they have moved to Germany. Whereas all studies on the economic effects of migrant networks found a positive impact on …

Germany and France are both Continental European welfare states with severe labor market problems such as low …

This article examines the role of business in the historical development of job security regulations in Germany from … business weakness in the aftermath of both World Wars. -- Job security regulations ; Germany ; institutional change ; varieties …

East and West Germany. As expected, there are substantial differences with respect to all three of these measures … or redistributive preferences. Nonetheless, individuals from East Germany tend to be more supportive of state …

as the main cause and design a parsimonious experiment with exogenous prices that allows classifying experts as either …