After the fall of state socialism about two decades ago, democracy and market economies were assumed to diffuse worldwide. However, the American financial crisis of 2008, leading to a worldwide economic crisis caused increasing criticism of capitalism. As laissez-faire capitalism, Keynesianism...

The increasing use of temporary agency work in Germany has implications for the nature of the employment relationship. The notion of a clearly defined employeremployee relationship becomes difficult to uphold in triangular relationships like in the case of temporary agency work where the...

This paper discusses a framework for analyzing robust institutions for water markets drawn on the new institutional economics school of thoughts which is based on Williamson, North, Coase and Ostrom theories on transaction cost economics, property rights and collective actions. Based on these...