Future sustainable energy systems will need efficient, clean,low-cost, renewable energy sources, as well as market structuresthat motivate sustainable behaviors on the part ofhouseholds and businesses. “Smart grid” components canhelp consumers manage their consumption only if pricingpolicies...

We investigate the strategic impact of exible delivery frequencieson the competition of logistics service providers (LSPs) in a supplychain. LSPs compete for customers who choose an exclusive serviceprovider based on their individual preference, prices and inventorycosts. The service provider...

Ökonomische Experimente sind eine bislang selten verwendete Forschungsmethodeim Bereich der agrarpolitischen Analyse. Dieser Beitrag erörtert die Grundlagenvon Experimenten, vergleicht sie mit anderen Forschungsmethoden und zeigt ein möglichesAnwendungsgebiet für die Agrarpolitikanalyse auf...

This paper empirically investigates how the intensity of product market competitionaffects the cost of debt. Using a large sample of loans to publicly traded US manufac-turing fi…rms, I provide evidence that an intensi…fication of product market competitionamong fi…rms signifi…cantly...

[...]This paper studies a simple model of the talent-ownership mismatch — or failure ofmeritocracy — brought about by credit market imperfections that arise as a consequence ofagency problems in the borrower-lender relationship. Our model highlights the interactionbetween the market for...

The European Commission has been working to promote reform and modernisation ofrestrictive regulation in the professional services area since 2002. In a first stepresearch was carried out which included an independent study of professionalregulation by the Institute for Advanced Studies in...

Ökologie und Klimaschutz sind in aller Munde. Die politischen Parteien in Deutschland und anderswo sind sich weitgehend einig. Die Marktwirtschaft soll „ökologisch“ sein. Für Ökonomen ist dies Problem zumindest theoretisch ziemlich trivial. Die Emission von Klimagasen ist eine negative...

We analyze a two-stage game between two heterogeneous players.At stage one, common risk is chosen by one of the players. At stagetwo, both players observe the given level of risk and simultaneouslyinvest in a winner-take-all competition. The game is solved theoreticallyand then tested by using...