Während die industrialisierte Landwirtschaft des Nordens gigantische Lebensmittelüberschüsse produziert, hungern auf der Südhalbkugel der Erde Millionen von Menschen. Doch warum kommt die nötige Agrarwende nur so langsam voran? Werner Onken erläutert in diesem Buch, wie sehr sie durch das...

We consider a framework featuring a central bank, private and financial agents as well as a financial market. The central bank's objective is to maximize a functional, which measures the classical trade-off between output and inflation plus income from the sales of inflation linked calls minus...

Results from laboratory experiments using real-effort tasks provide mixed evidence on the relationship between monetary incentives and effort provision. To examine this issue, we design three experiments where subjects participate in two-player real-effort tournaments with two prizes. Experiment...