Dieser Beitrag beschäftigt sich mit der zahlungsorientierten Gestaltung von Werkverträgen. Zunächst werden die rechtlichen Rahmenbedingungen dargestellt. Dann werden Alternativen zur Definition des Preises diskutiert und verschiedene Zahlungsmodalitäten untersucht. Mehrere Fallstudien aus...

In first- and second-price private value auctions with sequential bidding, second movers may discover the first movers’ bid. Equilibrium behavior in the first-price auction is mostly unaffected but there are multiple equilibria in the second- price auction. Consequently, comparative statics...

Between 2011 and 2014, Texas enacted three pieces of legislation that significantly reduced funding for family planning services and increased restrictions on abortion clinic operations. Together this legislation creates cross-county variation in access to abortion and family planning services,...

We study the informational channel of financial contagion in the laboratory. In our experiment, two markets with correlated fundamentals open sequentially. In both markets, subjects receive private information. Subjects in the market opening second also observe the history of trades and prices...

We examine the impact of US colleges and universities switching from an academic quarter calendar to a semester calendar on student outcomes. Using panel data on the near universe of four-year nonprofit institutions and leveraging quasi-experimental variation in calendars across institutions and...