This volume was prepared by Susanne Link during her stay at the Ludwig-Maximilians-University of Munich and the Department of Human Capital and Innovation of the Ifo Institute of Economic Research. It was accepted as a doctoral thesis by the Economics Departure of the University of Munich in...

This paper analyzes the effects of product market reforms in the short and medium term across 10 regulated industries and 18 advanced economies for the period 1998-2013 using internationally comparable firm-level data based on Orbis. It provides four key insights. First, product market reforms...

Although exam scores are reported using numerical values, their measurement scale is ordinal: They depend on the difficulty distribution of the questions in the exam. Hence, population groups or countries should not be ranked according to average exam scores because there may exist an admissible...

Although exam scores are reported using numerical values, their measurement scale is ordinal: They depend on the difficulty distribution of the questions in the exam. Hence, population groups or countries should not be ranked according to average exam scores because there may exist an admissible...

No one ever argues for copyright on the grounds that superstar artists and authors need more money, but what if that is all, or mostly all, that copyright does? This article presents newly available data on the distribution of players across the PC videogame market. This data reveals an L-shaped...

Carbon markets are substantial and they are expanding. There are many lessons from experiences over the past eight years: fewer free allowances, better management of market-sensitive information, and a recognition that trading systems require adjustments that have consequences for market...

The locus of finance has shifted from banks to markets, posing new and significant challenges as evidenced by the nature of the recent Global Financial Crisis. Regulators have responded by developing comprehensive reforms of the arcane world of market infrastructure: trade repositories, trading...

The success of any type of risk management activity, including financial stability monitoring and policy implementation, depends on the quality, completeness and timeliness of the data underpinning the analysis. The recent breakdown in some over-the-counter (OTC) derivatives markets is often...

This paper analyzes the effects of selected structural reforms on output and employment in the short and medium term. It uses a comprehensive cross-country firm-level dataset covering both advanced and emerging market economies over the period 2003-2014. In line with previous studies, it finds...

Abstract. A system that allows you to easily regulate the cryptocurrency market and influence it thanks to the classification given by their scalability. The opportunity to be included in a different table will push programmers to adapt to the legislation. It will no longer be the right to have...