This paper investigates whether information costs under currently regulated nutritional labeling prevent consumers from making healthier food choices. We implement five nutritional shelf label treatmentsin a market-level experiment. These labels reduce information costs by highlighting and...

Online Consumer-to-Consumer Communication Networks are characterized by informational and social benefits as well as time and effort costs for participants. Therefore, this dissertation takes an economic perspective on the network formation process as a determinant of value for consumers and...

Mit der Liberalisierung des europäischen Marktes für elektrische Energie haben sich die Randbedingungen für alle in diesem Markt tätigen Unternehmen grundlegend verändert. Um das langfristige Ziel eines europäischen Binnenmarktes zu erreichen, sind erhebliche Eingriffe in die unter...

Diese Doktorarbeit besteht aus vier eigenständigen Forschungsarbeiten, die in der Zeit von Oktober 2004 bis Oktober 2007 geschrieben wurden, während ich Teilnehmer am "Doctoral Programme in Quantitative Economics and Finance" an der Universität Konstanz war. Meine Forschungsinteressen...

Today's predominant disclosure philosophy calls for the fulldisclosure of all decision relevant information bycompanies. More publicly available information, theargument goes, limits the adverse selection problem by reducinginformation asymmetry among heterogeneous investors. Thus, theliquidity...

Die Gründung des GATT Abkommens im Jahr 1947 sowie die Welthandelsorganisation führten zu weltweiten Zollsenkung. Seit deren Gründung haben sich mehr als 150 Länder innerhalb von acht Verhandlungsrunden auf Zollsenkungen von durchschnittlich 40% auf nunmehr 4% geeinigt.Hauptsäule der WTO...

The importance of social and economic networks has meanwhile been widely acknowledged throughout social sciences. Network positions are supposed to be important for both, consumers and suppliers. Examples are R&D collaborations, strategic alliances, knowledge management within organizations,...

A key challenge in modeling technological innovation is to predict future costs based on historical data. This is of great interest to academics, as well as decision makers both in the private and public sectors. For example, many corporate strategies, industry roadmaps, and government policies...

We offer a new perspective on games of irreversible investment under uncertainty in continuous time. The basis is a particular approach to solve the involved stochastic optimal control problems which allows to establish existence and uniqueness of an oligopolistic open loop equilibrium in a very...

An agent is generally defined as an entity capable of perceiving its environment and accomplishing a particular action without explicit instruction. Blindly taking directives without thinking is typically not intelligent, so rather a software agent is deemed intelligent if it may be...