At the beginning of 1999 the euro was launched as a common currency in 11 European countries. This paper addresses empirically the medium to long-term forces driving the real euro-dollar exchange rate. Constructing a synthetic euro-dollar exchange rate over a period from 1975 to 1998 and...

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a unionized workforce. We develop a simple efficiency wage model, with a tradeoff between higher wages for workers and more monitoring, which requires more managers. The model also...

Die vorliegende Arbeit entstand im Rahmen des von der DFG geförderten Forschungsprojekts "Leistungsorientierte Ressourcensteuerung und Anreizstrukturen in Hochschulsystemen im internationalen und interregionalen Vergleich" an der Abteilung Wirtschaftsgeographie des Geographischen Instituts der...