I provide an equilibrium analysis of 'selection markets': where consumers not only vary in how much they are willing to pay, but also in how much they cost to the seller. The model provides a joint explanation for three empirical phenomena: low uptake of existing products, slow demand for new...

Die vorliegende Untersuchung stellt die technischen Grundlagen und die Marktordnung für den internationalen Handel mit Dienstleistungen der Informationstechnologie dar; sie analysiert und bewertet die resultierenden Handelsbarrieren. Die Funktionsweise des Internets (Netzaufbau, Adress- und...

Die vorliegende Untersuchung stellt die technischen Grundlagen und die Marktordnung für den internationalen Handel mit Telekommunikationsdienstleistungen dar; sie analysiert und bewertet die resultierenden Handelsbarrieren. Die Grundstruktur internationaler Telekommunikation wird in...

In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...

This paper discusses a simultaneous market entry game between two firms with different fixed costs. This case is a typical application of mixed strategy equilibria. Conventional wisdom would suggest that the low-cost firm is more likely to enter the market. This presumption is wrong. Instead,...

In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...

WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs ceilings, i.e. tariff rates that no exporter may ever actually be confronted with, generate market access? The answer to this question relates to the effects of tariff bindings on...

The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews the growing literature on models used to study...

Die deutsche Teilung nach dem Zweiten Weltkrieg dient als natürliches Experiment, um die Frage zu be - antworten, ob sich politische Institutionen auf die Präferenzen von Individuen bezüglich des Konsums von Statusgütern auswirken. Die Analyse des Ausgabeverhaltens hat bedeutende...

Indicators of trust, confidence, optimism or sentiment among consumers and/or investors, are published continuously in the mass media. More importantly, these indices seem not only to reflect how the state of the real economy is perceived by private agents, but can also help predict the future...