„Lieber Geld verlieren als Reputation.“ So lautete eine Devise von Robert Bosch, dem Gründer des gleichnamigen deutschen Technologie-Unternehmens. Mehr als 130 Jahre nach Bosch sollten wir aufgrund von Erfahrung präzisieren: „Lieber nur Geld verlieren als Geld und Reputation.“ Denn wer...

The paper extends a static discrete-choice labor supply model by adding participation and hours constraints. We identify restrictions by survey information on the eligibility and search activities of individuals as well as actual and desired hours. This provides for a more robust identification...

Introduction -- Methodology -- Theory: Community Governance and Patenting in Science -- Policy Analysis: Patenting for the Third Mission -- Empirics: Patenting Motives in Basic Science -- Synthesis: Contextual Patent Functions -- Summary.

We provide first-time evidence of the real-time characteristics and drivers of jumps in option prices. To this end, we employ high-frequency data from the 24-hour E-mini S&P 500 options market. We find that option prices do not jump simultaneously across strikes and maturities and are...