Vorgestellt wird ein juristisches Modell, nach dem nicht die Rechtsnormen, sondern die sog. Institutionen die beherrschenden Faktoren der (richterlichen) Entscheidungsfindung sind. Hierbei werden einer institutionell gedeuteten Wirklichkeit normative Forderungen entnommen, die an die Stelle des...

Trade credit is one of the most important sources of short-term finance in buyer-seller transactions.This paper studies a seller's trade credit provision decision in a situation of repeated contracting withincomplete information over the buyer's ability and willingness of payment compliance when...

Chicken meat consumption has increased substantially in the last decades due to farming and processing intensification and due to perceived health and environmental benefits for consumers. Organic chicken additionally, is perceived to have better taste, lead to higher animal welfare and...

Kosovo had been a net exporter - at least of some - fruit and vegetables in the former Federal Republic of Yugoslavia before the civil war. Current reconstruction efforts therefore focus on restoring the past horticultural potential of the now independent province. This paper analyses the...

Vorgestellt wird ein juristisches Modell, nach dem nicht die Rechtsnormen, sondern die sog. Institutionen die beherrschenden Faktoren der (richterlichen) Entscheidungsfindung sind. Hierbei werden einer institutionell gedeuteten Wirklichkeit normative Forderungen entnommen, die an die Stelle des...

Headquarters and their specialized component suppliers have a vital interest in establishing long-term collaborations. When formal contracts are not enforceable, such efficiency-enhancing cooperations can be established via informal agreements, but relational contracts have been largely ignored...

Based on empirical evidence from cross-country survey data, we argue that the surge of trade in tasks over the last decades can explain increasing resistance to globalization in industrialized countries. In a traditional trade model of a small open economy, we demonstrate that public education...

In asymmetric dilemma games without side payments, players face involved cooperation and bargaining problems. The maximization of joint profits is implausible, players disagree on the collusive action, and the outcome is often inefficient. For the example of a Cournot duopoly with asymmetric...

We show in this paper that trade in tasks can explain increasing resistance to globalization in industrialized countries. In a traditional trade model of a small open economy, we demonstrate that schooling provides protection against losses from trade if trade increases the relative price of the...