Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...

Der vorliegende Beitrag gibt einen Überblick über die wesentlichen ökonomischen Aspekte der so genannten Sharing-Economy. Bei den dort tätigen Unternehmen handelt es sich zumeist um Plattformen, die direkte Transaktionen zwischen Akteuren mit dem Zweck einer temporären Nutzung dauerhafter...

Although the future socio-economic benefits of a new fibre-based ('next generation access', NGA) telecommunications infrastructure seem to be uncontroversial, a universal NGA coverage appears to be a rather unrealistic objective without government intervention. We contend, however, that the...

Although the future socio-economic benefits of a new fibre-based ('next generation access', NGA) telecommunications infrastructure seem to be uncontroversial, a universal NGA coverage appears to be a rather unrealistic objective without government intervention. We contend, however, that the...

In dem vorliegenden Artikel werden ausgewählte theoretische und empirische Aspekte des Zusammenhangs zwischen Existenzgründungen, staatlichem Handeln und Beschäftigung diskutiert. Dabei wird die Frage, ob Existenzgründungen zusätzliche Beschäftigung schaffen überwiegend aus einer...

The Internet is receiving increasing attention as a medium for technology transfer between public research and the enterprise sector. Based on a survey of public research units in natural sciences and engineering in Germany, we analyse the determinants of firm contacts established via the...

Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...

We use a unique matched tax return-financial statement data set to examine the magnitude and sources of book-tax differences in Germany. For the first time, the data set enables us to evaluate the extent to which financial and tax accounting differ in Germany in the most accurate manner. Despite...