We present a model of price leadership on homogeneous product markets where the price leader is selected endogenously. The price leader sets and guarantees a sales price to which followers can adjust according to their individual supply functions. The price leader then clears the market by...

This volume contains the papers and the supplementary papers presented at the 37th Ottobeuren Seminar on the subject of "labor contracts." They deal with the reasons for and the effects of regulations in individual and collective labor contracts. Their purpose is to contribute to a better...

This volume contains the papers and supplementary papers given at the 33rd Ottobeuren Seminar on Economics. The authors deal with current issues pertaining to education and economics, such as for example the determination and the assessment of the return on education, the influence of education...