"The market has both a coordination function and an incentive function. The first theorem of welfare economics is all about coordination; the principal-agent model is all about incentives. What is the relative importance of the market in carrying out these two functions? While there has been a...

"The market has both a coordination function and an incentive function. The first theorem of welfare economics is all about coordination; the principal-agent model is all about incentives. What is the relative importance of the market in carrying out these two functions? While there has been a...

"This paper uses regional variation in labor markets, the industry structure and the education system to explain the training decisions of firms. Using a representative firmlevel data set, the results show that firms are less likely to provide training if the number of competing firms situated...

Die von der Bundesregierung - jüngst im Rahmen des Energiekonzepts und der sog. Energiewende verkündeten - Zielvorgaben verdeutlichen, dass fundamentale Strukturveränderungen im Energiesystem, eine weitgehende Abkehr von kohlenstoffintensiven fossilen Energieträgern und ein mittelfristiger...

The essays collected in this volume discuss the life and work of the Freiburg economist Leonhard Miksch with a special focus on his contributions to the ordoliberal approach to monetary and competition policy. Furthermore this volume contains reprints of some of Miksch's articles as well as a...