No abstract available.

No abstract available.

As a result of the prevailing governance structure, economic policy in democracies usually suffers from specific deficiencies. Among these are the predominance of distributive over efficiency objectives, the neglect of long-run effects, and the lack of or biased use of expert knowledge in the...

Post-docs signal their ability to do science and teaching to get a tenure giving universities the possibility of separating highly talented agents from the low talented ones. However separating that means signalling effort for the highly talented becomes even more important in a two-dimensional...

The significant increase of internet traffic is to a large extent caused by more high-data-rate applications like file-sharing etc. Although network operators constantly increase router and line capacities, overload occurs from time to time, causing delays, jitter and packet-losses at the data...

This contribution provides a game theoretical derivation of market demand as a function of the level and distribution of income in the considered economy: if (i) the price is low, everyone buys the good; if (ii ) the price is high, only the rich buy the good (a status good in a narrow sense). If...

Im Wissenschaftsbetrieb wird zu viel geschrieben, zu wenig gelesen und das, was veroeffentlicht wird, ist durch den erheblichen Zeitverbrauch der Begutachtung und der Drucklegung bereits nicht mehr aktuell. Zentraler Ansatzpunkt ist ein Manuskriptstau, der durch ein Ueberangebot an qualitativ...

Quarterly data of magazine circulation are used to analyse the consumption behaviour of the readers of German popular magazines in a panel framework using OLS, 2SLS and generalized method of moments techniques, in order to test the rational addiction hypothesis in respect with goods without any...

This paper compares public health care with private health insurance in an overlapping generations endogenous growth model. It is shown that economic growth is higher when there is a private health insurance.

Political reforms can be understood as the reconfiguration of formal institutions. The rational choice of formal institutions is the core topic of the New Institutional Economics research program. While bounded rationality is a core assumption of the New Institutional Economics and the reason...