We consider a monopolist who sells identical objects of common but unknown value in a herding-prone environment. Buyers make their purchasing decisions sequentially, and rely on a private signal as well as We consider a monopolist who sells identical objects of common but previous buyers'...

We analyze vertical product differentiation in a model where a good's quality is unobservable to buyers before purchase, a continuum of quality levels is technologically feasible, and minimum quality is supplied under competitive conditions. After purchase the true quality of the good is...

Mit der Bürgerarbeit hat die Bundesagentur für Arbeit scheinbar die Erfolgsformel gegen die Arbeitslosigkeit entdeckt: Langzeitarbeitslose finden wieder geregelte Arbeit, der Fiskus wird nicht belastet und Firmen müssen keine Konkurrenz befürchten, da nur marktferne Tätigkeiten in der...

The conservative central banker has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...

Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited to measures that hurt neither shareholders nor workers. This paper develops a policy proposal, which allows the government to reduce wage costs without changing the income...

Climate protection should use environmental policy instruments that raise revenues, which can be used, for instance, to cut labour taxes to alleviate unemployment in economies suffering from high and persistent unemployment. This paper elaborates the possibilities of an employment dividend of...

We apply the Day Reconstruction Method to compare unemployed and employed people with respect to their subjective assessment of emotional affects, differences in the composition and duration of activities during the course of a day, and their self-reported life satisfaction. Employed persons are...

In oligopolistic industries that are unionised and may be affected by offshoring, falling offshoring costs have a moderating effect on trade unions. They will accept lower sector wages in order to discourage mobile forms from leaving the country. Since such wages are independent of the workers'...

Bei den Sozialhilfeleistungen wird das staatliche Hilfsangebot zunehmend an eine Arbeitsleistung der Hilfeempfänger gekoppelt. Welche Vorteile sind aus kommunalpolitischer Sicht mit einer Beschäftigung von Hilfeempfängern in Beschäftigungsgesellschaften verbunden? Wie sind diese...