Bebchuk's proposal for bankruptcy reform is described and analyzed, in particular his claim that using options is fair and that the participants of such a bankruptcy procedure have no basis to complain. It will be shown that some reasons for complaining remain. Above all, the proposal has a...

We use a large data set of German railway travellers to analyse the purchasing decision for fare-reducing BahnCards. We expect that this tariff choice is neither completely rational nor irrational, but bounded-rational in a meaningful way. Actually we predict a flat-rate bias, i.e. an under-use...

Most universities in Germany are public firms but they have many properties of co-operatives. The most important thereof are described and analysed together with the characteristics of state-sponsorship. The real companions of the university as a co-operation are its professors. The same is true...

Franziska Boneberg behauptet, dass ueber die Haelfte der westdeutschen GmbHs im Dienstleistungssektor mit 500 bis 2000 Beschaeftigten gesetzeswidrig keinen Aufsichtsrat haetten. Die von ihr schlecht dokumentierten Daten stuetzen diese Aussage jedoch nicht, wie an zwei Stichproben gezeigt wird....

"Sports fans all over the world have recently witnessed an increasing number of spectacular doping cases, leading to considerable annoyance in the public. However, our knowledge regarding the prevalence of doping is still quite limited, leading some people to speculate that (nearly) all...

There are different kinds of works councils. They can be cooperative or antagonistic for example. There are also different kinds of management. The managers can be friendly or unfriendly to the workers and the works council representing them. Here the mutual relationship between works council...

Ericson argued in this journal that the Bosman ruling, the abolition of transfer fees after the expiration of contracts, is inefficient. But, Ericson's model is implausible because transfers in only one direction are assumed and the so-called transfer fees are indirect salary payments. His model...