This paper studies the behavior of boundedly rational agents in a two good economy where trading is costly with respect to time.

Aus der Einleitung: "Mitte Mai 2020 wurde die Anerkennung- und Bewertungsstatistik 2018/2019 durch die Statistik Austria veröffentlicht. Von 1. Oktober 2018 bis 30. September 2019 wurden 10.377 Anträge auf Anerkennung oder Bewertung gestellt. Im Vergleichszeitraum der Vorperiode waren es 9.405...

A unifying theme in the literature on organizations such as public bureaucraciesand private nonprofits is the importance of mission, as opposed to profit, as anorganizational goal. Such mission-oriented organizations are frequently staffed bymotivated agents who subscribe to the mission. This...

The technological developments in the areas of information and communicationtechnology have generated worldwide business opportunities for firms which carry out coordinationtasks as a service for other enterprises. To begin with, several implications of this development for the fundamental...

[...]Dieser Beitrag untersucht nach einigen grundsätzlichen Überlegungen zu den „Dienstleistungen Inter- und Intramediation“ zunächst exemplarisch ei-nige der Intermediationsangebote im E-Business im Hinblick auf das Zu-sammenspiel zwischen der Art der zu koordinierenden Abhängigkeiten...

This paper analyzes a procurement setting with identical firms and stochastic innovations. In contrast to the previous literature, I show that a procurer who cannot charge entry fees may prefer a fixed-prize tournament to a first-price auction. The reason is that holding an auction may leave...

Municipal bonds trade in opaque, decentralized broker-dealer markets in which price information is costly to gather. Whether dealers in such a market operate competitively is an empirical issue, but a difficult one to study. Data in such markets is generally not centrally recorded. We analyze a...