Theoretical reasoning shows that spatial effects of transport cost reductions may crucially depend on market structures in the tradables sector (degree of market power, strength of economies of scale, free or no free entry). The aim of this paper is to compare empirically the effects of...

This paper develops a simple framework to analyze the links between corruption and the unofficial economy and their implications for the official economy. In a model of self-selection with heterogeneous entrepreneurs, we show that the entrepreneurs' option to flee to the underground economy...

It is often contended that there is a sharp conflict between the economist's and the ecologist's approach to the question of sustainability. This paper takes the opposite view. The paper attempts to show that both views can be formulated in a common analytical framework and that carried to its...

Der Wandel der Absatzmärkte von Verkäufer- zu Käufermärkten geht mit einer zunehmenden Dynamik der relevanten Umweltfaktoren einher. Da die Erzeugnisse technisch immer ähnlicher werden, konkurrieren zukünftig am Markt nicht mehr Produkte, sondern mehr oder weniger effektive und effiziente...