Aiming for protection of consumers the EU has recently implemented direct price regulation in cellular mobile telephony and has announced plans to intensify such regulation in the near future. Using a simple model we examine the welfare effect of a price regulation on the targeted firm's...

The article discusses the question, to what extent harder sanctions are suitable to reduce the amount of corruption. Punishments affect the decision of potential offenders in various ways. Therefore it seems doubtful if an aggravation of penalty really causes the desired effects. From economic...

The central element to improve the management of natural hazards in Germany is to amend the existing risk-transfer system. A transition of the current voluntary insurance system into a compulsory insurance system would make the hedging of losses and damages easier and would create stronger...

The article discusses the question, to what extent harder sanctions are suitable to reduce the amount of corruption. Punishments affect the decision of potential offenders in various ways. Therefore it seems doubtful if an aggravation of penalty really causes the desired effects. From economic...