In economic theory there is invariably a credible defence for all corporate competition practices. For the most part, the effects on static and dynamic competition functions cannot be uniquely identified. This gives economic policymakers a certain scope of discretion, and responsible decision...

We study the response of the German stock market index DAX to the announcement of macroeconomic business cycle forecasts. Retunrs are computed using high-frequency data observed for 15-second intervals. Publications of macroeconomic US indicators at 2:30 p.m. (CET) have temporary and opening of...

The German labour market performance is falling behind that of other European countries. Portugal, for instance, has decreasing unemployment rates, leading to a share of only 4.6% unemployed persons in 1998 (Germany: 9.5%). This paper sheds some light on the divergent development from a matching...

In this paper data from a survey of 1,771 inmates conducted in 31 German prisons provide microeconometric evidence on the relationship between individual anticipated labour market opportunities and the perceived probability of future recidivism. Results show that inmates with poor labour market...