Individual contributions by infringing firms to the compensation of cartel victims must reflect their 'relative responsibility for the harm caused' according to EU legislation. Several studies have argued that the theoretically best way to operationalize this norm is to apply the Shapley value...

This paper investigated the changes in competitive behaviour of banks in sub-Saharan Africa, following the 2007/2008 global financial crisis. Using 481 bank-year observations from an unbalanced panel of 83 banks from six countries over the period 2008-2013. We employed the Panzar-Rosse model of...

In 2011, price peaks in retail gasoline prices caused public outrage and attracted the attention of German regulatory agencies. After having examined the market, competition authorities concluded that tacit collusion existed but could not easily be prosecuted under given competition law. In...

We characterize equilibria of oligopolistic markets where identical firms with constant marginal cost compete a' la Cournot. For given maximal willingness to pay and maximal total demand, we first identify all combinations of equilibrium consumer surplus and industry profit that can arise from...

Disability insurance (DI) beneficiaries lose part or all of their benefits if earnings exceed certain thresholds ("cash-cliffs"). This implicit taxation is considered the prime reason for the low number of beneficiaries who expand work and reduce benefit receipt. We analyse a conditional cash...

Die Arbeitslosigkeit in Deutschland ist auf dem niedrigsten Stand seit der Wiedervereinigung. Dies hat auch zur Folge, dass die Lebenszufriedenheit in Deutschland auf einen Höchststand angestiegen ist. Denn erwerbstätige Menschen geben eine signifikant höhere allgemeine Lebenszufriedenheit an...

Abiturientinnen und Abiturienten, die ihren Abschluss nach zwölf statt 13 Schuljahren erreichen (G8-Reform), nehmen nach dem Abitur seltener ein Studium auf: Um sechs Prozentpunkte sinkt im Vergleich zu einem Referenzszenario ohne G8-Reform der Anteil derer, die im Jahr des Abiturs oder im...

This paper examines employment-focused interventions within the US disability system. Our review illustrates the challenges of developing and implementing these types of initiatives, despite substantial policy interest. Our findings indicate that none of the demonstrations we reviewed have the...

Labor market policies succeed or fail at least in part depending on how well they reflect or account for behavioral responses. Insights from behavioral economics, which allow for realistic deviations from standard economic assumptions about behavior, have consequences for the design and...

Misunderstanding terms like ciclicity, circularity, and nonlinearity can bring about confusion and endanger a good idea, tested by industrial ecology and widely known as "dematerialization of the economy". That is why the main the objective of the present article is to clarify the concept of...