Despite a large theoretical and empirical literature on public goods and common-pool resources, a systematic comparison of these two types of social dilemmas is lacking. In fact, there is some confusion about these two types of dilemma situations. As a result, they are often treated alike. In...

The article briefly introduces Hans Albert and the basic elements of his critique of neoclassical economics as a form of ‘model Platonism’. The two most important elements of his general methodological critique of economics – namely the institutional vacuum inherent in much economic...

We analyze the effects of ostracism on cooperation in a linear public good experiment with fixed partner design. Our results show that introducing ostracism increases contribution levels significantly except in first and last periods. Despite reductions in group size due to ostracism, the net...

This article is a translation of the original German text of Hans Albert's 1963 article titled ‘Modell-Platonismus. Der neoklassische Stil des ökonomischen Denkens in kritischer Beleuchtung’, in F. Karrenberg and H. Albert (eds.), <italic>Sozialwissenschaft und Gesellschaftsgestaltung –...</italic>

In December 2012, the European Commission published a draft proposal for a revision of the European Tobacco Products Directive. Since then, this proposal has created significant debate fuelled partly by the economic evaluation of the Commission proposal by Roland Berger. This paper analyses the...

We analyse the key determinants of umbrella effects, which arise when the price increase or quantity reduction of a cartel diverts demand to substitute products. Umbrella effects arise irrespective of whether non cartelists act as price takers (“competitive fringe”) or respond strategically...

If a damages claim is presented in court and compensation of harm suffered is sought, quantifying the level of damages suffered becomes necessary. An economically founded quantification of the damages caused by competition law infringements has increased in importance in particular through the...