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...

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...

In the last years more and more consumers evince increasing interest in fair traded products. This trade concept is designed to help mainly producers of agricultural products to keep some basic social producing criteria. The different Fair-Trade-Organisations try to implement better work- and...

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...

We discuss the pros and cons of the regulation of economic development policies of local authorities at the central level of a federal state and give special attention to European state aid control. In a first step we consider the influence of European state aid law on the efficiency of the...

The GDP like other aggregates of income is commonly used to indicate the ablility to pay of a region and to measure the social welfare of a group of people. There exists a long series of critical doubts about the GDP as a trustworthy indicator of a region's welfare. This article summarizes the...

The article shows that a price regulation can have consequences on a monopolist's advertisement expen-diture. Due to the fact that a price regulation limits the free choice of both instruments price and adver-tisement, the enterprise is forced to use the two parameters in a suboptimal ratio. A...