The optimal currency for a country is an important topic. While it is difficult to identify the best option overall, for all stakeholders and including political considerations, it is easier to answer the more limited question of the title: Which currency is best for business in a small country?...

An evaluation problem exists when winding up executory contracts in case of insolvency. The trustee has difficulties in accurately considering the claim for damages that arises if he chooses to reject a contract instead of accepting it. An unequal treatment of creditors and inefficiencies...

A simple decision theoretic model shows the doping incentives for a member of a professional sports team. Depending on the detection probability and the punishment, a sportsman dopes not at all, at a medium or at the maximal level. The whole team has a higher incentive than an individual team...

We estimate Cox models to determine proportional hazard rates in professional basketball, concerning leaving the league or changing the team by using a database covering all players of the NBA in the 90's. We predict and confirm that league-hazards depend on a player's performance. A teamswitch,...

Bebchuks Vorschlag zur Insolvenzrechtsreform wird beschrieben und analysiert, insbesondere seine Behauptung, dass der Gebrauch von Optionen fair sei und die Beteiligten dabei keinerlei Grund zur Klage hätten. Es wird gezeigt, dass es doch einige Gründe gibt, sich zu beklagen. Vor allem hat der...