The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the life-cycle hypothesis is solved by allowing for broader...

This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...

The paper analyses German import sof green coffee using both descriptive statistical and econometric tools. As determinants of import demand we consider not only prices and income but also the structure of the German market of roasted coffee and two institutional arrangements which had...