This article examines different approaches to airport privatisation. It shows that privatisation can only be a success when government provides a suitable regulatory framework prior to privatisation. This framework must protect the interests of the consumer and ensure the participation of...

Olaf Scholz, Bundesminister für Arbeit und Soziales, erläutert die Politik der Regierung und unterstreicht die Relevanz der Sozialpartnerschaft: "Der gemeinsame Einsatz für Arbeit von Bundesregierung, Arbeitgebern und Gewerkschaften wirkt und verhindert Schlimmeres. Das zeigt: Wir können mit...

Our analysis of new bathymetric data reveals six submarine landslides at the eastern Sunda margin between central Java and Sumba Island, Indonesia. Their volumes range between 1 km³ in the Java fore-arc basin up to 20 km³ at the trench off Sumba and Sumbawa. We estimate the potential hazard...

The suggested changes to German orthography are among last year's most fervently debated topics. The article identifies the individual and collective costs and benefits of such a change and, from the point of view of standardization economics, inquires into the conditions under which such a...

In this paper, recent accounting scandals in Germany are traced back to a serious incentive problem in German auditing law. Since the auditor depends economically on his client, contrary to the legislator's intention, a factual forcing contract is established which enables the client to control...

In this paper we measure the speed at which firms adjust to demand shocks using individual firm data. Identification of shocks is achieved by a combination of quantitative and qualitative judgments on capacity utilisation in micro survey data. A novel feature of our approach is the distinction...

In this paper we develop a business cycle measure that can be shown to have excellent ex-ante forecasting properties for GDP growth. For identifying business cycle movements, we use a semantic approach. We infer nine different states of the economy directly from firms’ responses in business...