This paper contributes to the ongoing debate on the welfare effects of foreign direct investment by investigating the effects of cross-border mergers and acquisitions on innovation activities in target firms. The empirical analysis is based on survey and ownership data for a large sample of...

This paper provides empirical evidence on the relationship between cross-border acquisitions and innovation activities at the firm level. In contrast to previous studies that analyze the effects on innovation in target firms, this paper investigates the effects on the investing firms. For the...

This paper provides empirical evidence on the relationship between cross-border acquisitions and innovation activities at the firm level. In contrast to previous studies that analyze the effects on innovation in target firms, this paper investigates the effects on the investing firms. For the...

Expectations regarding the economic development might be correlated due to various reasons: because individuals use the same public information and similar evaluation methods, and because of social learning or herding amongst peers. We analyse to what extent expectations are driven by herd...

Expectations regarding the economic development might be correlated due to various reasons: because individuals use the same public information and similar evaluation methods, and because of social learning or herding amongst peers. We analyse to what extent expectations are driven by herd...

The literature on knowledge spillovers offers substantial evidence that workers, as main carriers of knowledge, play a role in the diffusion of knowledge among firms. One of the channels through which knowledge is diffused is the job-to-job mobility of workers. The research question addressed in...

The literature on knowledge spillovers offers substantial evidence that workers, as main carriers of knowledge, play a role in the diffusion of knowledge among firms. One of the channels through which knowledge is diffused is the job-to-job mobility of workers. The research question addressed in...

Two opposed parties seek to influence an uninformed decision maker. They invest in acquiringinformation and select what to disclose. The decision maker then adjudicates. We compare thisbenchmark with a procedure allowing adversarial cross-examination. A cross-examiner tests theopponent in order...

Several well-established surveys ask questions in order to measure subjective well-being. In some questionnaires, questions relate to happiness, in others, to individual well-being or satisfaction or to both happiness and satisfaction. In the literature of happiness, several papers have compared...

This paper compares the interconnections between dominant economic thought and processes of policy-making in the area of labour market reforms in Germany in the late 1960s and the early 2000s. The transition in labour market policies in this period could be described as a change from an active...