Safety is costly, but lack of safety can be even more expensive. This contribution considers the various dimensions of “Economics of Safety”, ranging from safety at work to road safety, terrorism and crime. Economic science helps to understand the role of safety as a (public or private) good...

Real business cycle models generally neglect demand shocks. Technological productivity shocks are the primary source of economic fluctuations. The multisectoral consequences of this assumption are described in the well-known model of Long and Plosser (1983). The presented paper shows that...

This paper is devoted to the problem of aggregation in models with quantity constraints. The focus is on quantity rationing macroeconomic (QRM) models where the micromarket outcome can be written as the minimum of several variables and where the diversity of situations across micromarkets is...

This paper contributes to the literature on specific deterrence by addressing the issue of selecting adolescents into adult and juvenile law systems. In Germany, different from the U.S. and most other countries, turning a critical cutoff age does not cause a sharp discontinuity from juvenile to...

Zusammenfassung: Der Aufsatz beinhaltet Überlegungen zur Konstruktion eines neuen Schwereindex der Kriminalität. Das vorgestellte theoretische Konzept basiert auf dem Laspeyres-Mengenindex, bei dem die Zahl der Delikte durch die gesellschaftlichen Schäden bzw. Kosten je Straftat gewichtet...

This paper analyses the Schumpeterian link between innovative activity and firm size by means of the nonparametric Nadaraya-Watson estimator and of the partially linear approach by Speckman. Four data sets referring to the manufacturing industries of three European countries are available for...

Safety is costly, but lack of safety can be even more expensive. This contribution considers the various dimensions of “Economics of Safety”, ranging from safety at work to road safety, terrorism and crime. Economic science helps to understand the role of safety as a (public or private) good...