This thoroughly updated and revised edition of a popular and authoritative reference work introduces the reader to the major concepts and leading contributors in the field of law and economics. The Companion features accessible, informative and provocative entries on all the significant issues,...

Das Dopingproblem im Spitzensport ist lösbar. Es besteht in einer sozialen Dilemmasituation, in der es im Gleichgewicht für jeden einzelnen Sportler rational ist, Dopingmittel einzunehmen, obwohl jeder von ihnen besser stehen könnte, wenn niemand solche Substanzen konsumierte. Anders als die...

The suggested changes to German orthography are among last year's most fervently debated topics. The article identifies the individual and collective costs and benefits of such a change and, from the point of view of standardization economics, inquires into the conditions under which such a...

Die Misere an den deutschen Hochschulen wird einmütig beklagt, schon in der Analyse der Ursachen dieser Krise aber scheiden sich die Geister. Woran krankt die deutsche Universität aus ökonomischer Sicht? Muß Hochschulbildung öffentlich bereitgestellt werden, oder ist ein marktorientiertes...

In 2001 more than 80 percent of the Swiss electorate voted in favour of a constitutional amendment which aims at stopping the expansion of the public debt. A convincingly simple and seemingly intuitive formula provides an easy-to-implement expenditure rule for the budgetary process. This...

Efficient price setting implies that news create volatility since traders flock to the market in order to re-optimise their portfolios. In due course of the price finding process volatility should decline once the asset price approaches its new, efficient level. In this note I present evidence...

Our analysis of new bathymetric data reveals six submarine landslides at the eastern Sunda margin between central Java and Sumba Island, Indonesia. Their volumes range between 1 km³ in the Java fore-arc basin up to 20 km³ at the trench off Sumba and Sumbawa. We estimate the potential hazard...

In 2001 more than 80 percent of the Swiss electorate voted in favour of a constitutional amendment which aims at stopping the expansion of the public debt. A convincingly simple and seemingly intuitive formula provides an easy-to-implement expenditure rule for the budgetary process. This...

This paper investigates the claim made by Kehoe and Prescott (2002) that Switzerland and New Zealand experienced 'great depressions' in the last two decades. We question the appropriateness of the measure used by Kehoe and Prescott (GDP per working-age person) and propose a more accurate measure...