We provide a simple model of repeated extortion. In particular, we ask whether corrupt government officials' opportunism to demand more once entrepreneurs have made sunk investments entails further distortion in resource allocations. If the choice of technology is left to the entrepreneurs, the...

Die Einführung des flächendeckenden gesetzlichen Mindestlohns von 8,50 Euro ist ein großes, mit vielen sozialpolitischen Risiken verbundenes Experiment. Dieser Übersichtsartikel zeigt, dass weder die unterschiedlichen theoretischen Erklärungsmodelle noch die große Anzahl empirischer...

Many decisions in politics and business are made by teams rather than by single individuals. In contrast, economic models typically assume an individual rational decision maker. A rapidly growing body of (experimental) literature investigates team decisions in different settings. We study team...

Many decisions in politics and business are made by teams rather than by single individuals. In contrast, economic models typically assume an individual rational decision maker. A rapidly growing body of (experimental) literature investigates team decisions in different settings. We study team...

A direct immigration policy is no longer feasible for a single region in a common labor market. Within a political economy approach, this paper focuses on the question of whether migration can be controlled through the composition of government expenditures. Taking into account both capital and...