Arbeitsplätze in der Landwirtschaft zu erhalten und sogar neue zu schaffen ist möglich! Diversifizierung lokal auf Höfen und regionale Diversifizierung in den Bereichen Weiterverarbeitung und Vermarktung schaffen diese Arbeitsplätze. Insbesondere Weiterverarbeitung und Vermarktung am Hof und...

Financial intermediaries may increase economic efficiency through intertemporal risk smoothing. However without an adequate regulation, intermediation may fail to do this. This paper studies the effects of a production shock in a closed economy and compares abilities of market-based and...

Banking regulators often practice forbearance and ambiguity in insolvency resolutions. The paper examines the effects of regulatory forbearance and ambiguity in a context of allocational efficiency. Bailouts, liquidations and their stochastic policy mix lead to suboptimal allocations if banks do...