Ziel der Europäischen Währungsunion war es, den Binnenmarkt zu vollenden. Erwartet wurde,dass sich die Wettbewerbsfähigkeit der Eurostaaten angleichen würde. Demgegenüber vertritt Markus C. Kerber hier die Auffassung, dass die Einführung des Euro zu einer Verfälschung des Wettbewerbs...

In this article, I explain the inadequacy of our current state of knowledge regarding the effectiveness of antitrust policy towards mergers. I then discuss the types of data that one must collect in order to be able to perform an analysis of the effectiveness of antitrust policy. There are two...

We analyze the effects of ownership of liberty bonds, which were marketed to households during World War I, on election outcomes in the 1920s. In order to address the endogeneity of liberty bond subscriptions, we utilize the local severity of the fall 1918 influenza epidemic, which disrupted the...