Since the growth of the art market into a capitalized global art industry, public and academic discourse on art auctions has been dominated by record prices. Despite the financial potential of art auctions as well as the public and academic interest in art, understanding of auction prices is...

Art 6:104 provides, first and foremost, that a contract is not unenforceable for lack of certainty if the parties do not ‘fix the price or the method of determiningit'. The provision is thus meant — as are the following Art 6:105 and 6:106 — to ‘save' contracts in cases in which there is...

Der Arbeitsbericht beschreibt unter Bezug auf die wirtschaftliche Entwicklung die regionale Verteilung regionalwirtschaftlich relevanter raumwirksamer finanzieller Staatshilfen in der Förderperiode 1995 bis 2008. Betrachtungseinheiten sind die Bundesländer sowie die ländlichen und nicht...

"The author tests how the local economic structure-measured by a region's sector specialization, competition, and diversity-affects the technological growth of manufacturing sectors. Most of the empirical literature on this topic assumes that in the long run more productive regions will attract...