In the early days of transition Poland hosted regional earning disparities. Low levels of worker and firm mobility allow us to threat regions as local labor markets. Wage behavior is modeled in regional labor markets as an outcome of the speed of transition examining employment restructuring in...

Preisgarantien im Einzelhandel scheinen auf den ersten Blick Ergebnis eines intensiven Wettbewerbs zu sein. Theoretische Analysen und empirische Studien zeigen jedoch, dass dies in der Regel nicht der Fall ist. Preisgarantien und hier vor allem Garantien, bei denen mehr als die Differenz zu...

We study cartel stability in a differentiated price-setting duopoly with returns to scale. We show that a cartel may be equally stable in the presence of lower differentiation, provided that the decreasing returns parameter is high. In addition we demonstrate that for a given factor of discount,...

This paper investigates two different approaches to the analysis of institutions using game theory and discusses their methodological and theoretical implications for further research. Starting from von Neumann and Morgenstern's theory, we investigate, how Schotter and Schelling's approaches to...