I present the following proposal: information revealed during non-cartel investigations by competition law enforcement authorities, such as evaluation of M&As or investigation of monopolization (dominance) conduct, should be directly used to investigate and prosecute cartels. Currently, in...

Der Bestand an Pkw steigt stetig an. Die Nachfrage nach individueller Mobilität ist somit hoch und nimmt weiter zu. Die Herausforderung ist, das Auto klimaneutral zu gestalten. Vollelektrische Autos spielen hier eine zentrale Rolle. Dabei darf der Strombedarf nicht unterschätzt und muss für...

The economic crisis has brought a new situation also for the Hungarian economic policy, as neoliberalism as the main trend in economic thought is no longer valid. This phenomenon cannot be reduced to be a mere macroeconomic course shift, as an entire economic philosophy and approach has lost its...

This paper investigates the existence of a possible media bias by analyzing the impact of automobile manufactures' advertisements on automobile reviews in German car magazines. By accounting for both endogeneity and sample selection we find a positive impact of advertising volumes on test...

Im folgenden Beitrag wird die Dynamik von Marktprozessen in der deutschen Automobilindustrie mit Hilfe von Regelkreismodellen und Zeitreihenanalysen sichtbar gemacht und quantifiziert. Dargestellt werden der Markträumungs-, der Renditenormalisierungs-, der Übermachterosions-, der...

Ellison and Glaeser's (1997) index of geographical concentration distinguishes between natural advantages and spillovers as a source of industrial agglomeration, but the well-known 'observational equivalence' means little is known about the relative importance of these. This paper uses the...

This paper explores the sources of counterparty risk in material supply relationships. Using long-term supply contracts collected from SEC filings, we test whether three sources of counterparty risk - financial exposure, product quality risk, and redeployability risk - are priced in the equity...

One of the objectives of patent systems is to disclose information which other agents can build on in further inventions and in their decision-making. While some observers take it as given that real-world patent systems serve this objective, we argue in this article that patent systems are...