In a two-stage model insurance companies first decide upon risk classification and then compete in prices. I show that the observed heterogeneous behavior of similar firms is compatible with rational behavior. On the deregulated German insurance market individual application of classification...

Herausforderungen für die Gewährleistung von Versorgungssicherheit -- Überblick über ergänzende Mechanismen zur Sicherstellung von Versorgungssicherheit -- Modellierung von Kapazitätszubau im Rahmen eines mengenbasierten Kapazitätsmarktes -- Analyse und Interpretation unterschiedlicher...

Most international commerce is carried out by multinational firms, which use their foreign affiliates for the majority of their foreign sales. In this paper, I examine the determinants of multinational firms' location and production decisions and the welfare implications of multinational...

Most international commerce is carried out by multinational firms, which use their foreign affiliates both to serve the market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants of multinational firms' location and production...