Formal and informal institutions are often viewed as complements or substitutes in empirical and theoretical works. However, no evidence of complementarities or substitutes is found in our empirical analysis of the interrelation between formal and informal decentralization across 64 provinces of...

Formal and informal institutions are often viewed as complements or substitutes in empirical and theoretical works. However, no evidence of complementarities or substitutes is found in our empirical analysis of the interrelation between formal and informal decentralization across 64 provinces of...

Dem Plan des Bundesministeriums für Bildung und Forschung bis zu zehn "Spitzenuniversitäten" zu fördern, um den Wissenschaftsstandort Deutschland nachhaltig zu stärken, steht Prof. Dr. Gerd Grözinger, Universität Flensburg, eher skeptisch gegenüber. Für ihn wäre es wichtiger, die...

We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent's rent increases with...

We use a stylized model to show that, if transfers to the poor are founded on a security argument, there is a negative trade-o¤ between law enforcement expenditures and criminality. In contrast, if transfers are based on altruism, the correlation between the same variables may appear positive....

Dem Plan des Bundesministeriums für Bildung und Forschung bis zu zehn "Spitzenuniversitäten" zu fördern, um den Wissenschaftsstandort Deutschland nachhaltig zu stärken, steht Prof. Dr. Gerd Grözinger, Universität Flensburg, eher skeptisch gegenüber. Für ihn wäre es wichtiger, die...

Dem Plan des Bundesministeriums für Bildung und Forschung bis zu zehn "Spitzenuniversitäten" zu fördern, um den Wissenschaftsstandort Deutschland nachhaltig zu stärken, steht Prof. Dr. Gerd Grözinger, Universität Flensburg, eher skeptisch gegenüber. Für ihn wäre es wichtiger, die...

With the rise of strategic outsourcing, the distribution of skills and competences between partners grows increasingly uneven. This misalignment reflects the complex distribution of responsibilities under outsourcing arrangements. Because each firm in an outsourcing arrangement may have to...