Das ifo Institut hat 1995 rund 1200 westdeutsche Industrie- und Bauunternehmen befragt, um alternative Modelle zum unternehmerischen Preisanpassungsverhalten empirisch zu überprüfen. Die Auswertung zeigte nicht nur, daß in beiden Bereichen ein beträchtlicher Teil der Preise rigide ist, sie...

Der rasche Wandel in Ostdeutschland von der Zentralwirtschaft zur Marktwirtschaft benötigt enorme finanzielle Unterstützung. Der Bericht analysiert die mikro- und makroökonomischen Aspekte der Finanzierung. Bei der mikroökonomischen Betrachtung fällt auf, daß die auf verschiedene Weise...

The notion 'semicollusion' refers to situations where firms collude in one (or several) choice variable(s) and compete in others. For example, firms collude on prices and compete on advertising. Although the notion 'semicollusion' is not so often used explicitly, it turns out that the topic is...

This paper deals with the concept of happiness in economics. Of late there has come into life a branch of <italic>happiness economics</italic> and it is this field that will be our concern. Actually, not only economists are interested in quantifications of happiness but also researchers in other disciplines....

Although topics in corporate governance have been present in literature for almost a century, most of the theoretical and empirical work has focused on large and public companies, or the "<italic>Berle-Means-Corporation</italic>" in which fragmented ownership, caused by the separation of ownership and control,...

We study experimentally how players learn to make decisions if they face many different (normal-form) games. Games are generated randomly from a uniform distribution in each of 100 rounds. We find that agents do extrapolate between games but learn to play strategically equivalent games in the...

This paper discusses the ways by which a certain type of behavioral deviation from expected utility theory has been handled by psychologists and economists. With respect to the historical background of decision theory in economics, it is argued that there are good reasons for more theoretical...

Following the changes of regimes in Central Europe, research into border regions has been increasingly adverted. However, various suggestions of researchers came into light on the definition and role of borders. Prior to the changes of regimes, the development of cross-border tourism was...

The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...