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Persistent link: https://www.econbiz.de/10011531062
Societies provide institutions that are costly to use, but able to enforce long-run relationships. We study the optimal … decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions …
Persistent link: https://www.econbiz.de/10009635888
. This paper assesses the role of structural factors and institutions in explaining the common patterns and main differences … suggests that laws and institutions such as product market regulations, unions and more coordinated wage-setting systems are …
Persistent link: https://www.econbiz.de/10009636543
EU policy. Today, the EU's network of economic and social councils and similar institutions is a recognised institutional … set-up which is consulted and listened to by the main EU institutions.(...)The present publication is an integral part of …
Persistent link: https://www.econbiz.de/10010260412
Persistent link: https://www.econbiz.de/10009636986
MAN was the first German company to create a SE, by the conversion of its subsidiary MAN B&W Diesel into MAN Diesel SE in August 2006. This was followed in 2009 by the conversion of MAN itself into MAN SE. Both management and the employee representatives were well prepared for negotiating an...
Persistent link: https://www.econbiz.de/10011902455
The aeronautics and the automotive sector play a crucial role in maintaining Europes industrial and technological base and its strong hold on the international market. These sectors also face similar challenges. Those challenges relate to rapid technological change, globalization and fighting...
Persistent link: https://www.econbiz.de/10011902411
Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...
Persistent link: https://www.econbiz.de/10009635881
Persistent link: https://www.econbiz.de/10009638531
The long-run determinants of euro area FDI to the United States during the period 1980-2001 are explained by employing the Tobin's Q-model of investment. By using the fixed effects panel estimator, stock market developments in the euro area countries - including a measure adjusted for economic...
Persistent link: https://www.econbiz.de/10009636552