Der vorliegende Beitrag beleuchtet mögliche Wohlfahrtswirkungen eines Einsatzes von Algorithmen. Oftmals können diese Produkte verbessern und die Effizienz von Prozessen erhöhen können in einigen Bereichen wie der Medizin, der Landwirtschaft, der Logistik, etc. erhebliche gesellschaftliche...

Relocation of production to countries with low labour cost have induced increased labour market flexibility, which has been praised as a silver bullet for economic growth and low unemployment. Within a unionised oligopoly framework, in which a multi-national firm has the option to relocate its...

This paper explores the effects that collusion can have in newspaper markets where firms compete for advertising as well as for readership. We compare three modes of competition: i) competition in the advertising and the reader market, ii) semi-collusion over advertising (with competition in the...

Katz (1987), DeGraba (1990), and Yoshida (2000) have formulated theories that price discrimination bans in intermediary goods markets tend to have positive effects on allocative, dynamic and productive efficiency, respectively. We show that none of these results is robust vis-à-vis endogenous...