Viele Bürgerinnen und Bürger in Deutschland heute überaus skeptisch gegenüber neuen Technologien und Innovationen, ganz gleich ob es um Gentechnik, Biotechnologie, Fracking oder die Digitalisierung geht. Hinzu kommt eine große Skepsis gegenüber zahlreichen Infrastrukturvorhaben sowie ganz...

This papers analyses how horizontal mergers affect innovation activities of the merged entity and its non-merging competitors. We develop an oligopoly model with heterogeneous firms to derive empirically testable implications. Our model predicts that a merger is more likely to be profitable in...

Economists praise the efficiency of the price mechanism in allocating scarce resources. Others, however, often reject it as unfair. In this study, we investigate the extent to which economists also differ from non-economists in how they value the fairness of the price system, and examine how...