In the last two decades prolonged instances of corporate wrongdoing in Europe have been un-covered: from Siemens' systemic bribery to HSBC and other major bank's money laundering issues, Dieselgate, LIBOR price-rigging, and the recent Wirecard debacle. What has driven European firms to engage in...

IntroductionThe "revolving door" is a practice quite widely in use in the United States, in which heads of state agencies, after completing their bureaucratic terms, are entering the very sector they have regulated. This phenomenon is also frequent in France, where it is coined "pantouflage",...

Auf der Grundlage von Fachgesprächen mit Unternehmerinnen und Unternehmern sowie Expertinnen und Experten untersucht die Studie, inwieweit bürokratische Erfordernisse die grenzüberschreitende Erbringung von Dienstleistungen von deutschen und niederländischen KMU in ausgewählten...

An important strand of research in macro-finance investigates which factors impede enterprise investment, and what is their aggregate economic cost. In this paper, we make two contributions to this literature. The first contribution is methodological: we introduce a novel framework to calibrate...

Die Bundesregierung möchte die öffentliche Vergabe von Aufträgen im Zuge ihrer Novellierung nachhaltiger und effizienter gestalten, ohne dabei die Zugangshürden für KMU zu erhöhen. Unsere Analyse öffentlich verfügbarer Stellungnahmen zur Novellierung der öffentlichen Vergabe in...

This study aims to deepen the debate on Brazil's insertion in the international investment regime by conducting a comparative analysis between Brazil's Agreement on Cooperation and Facilitation of Investments (ACFI) and the bilateral investment treaties of the other BRICS countries with African...

Nearly half of U.S. employers test job applicants and workers for drugs. I use variation in the timing and nature of drug testing regulation to study discrimination against blacks related to perceived drug use. Black employment in the testing sector is suppressed in the absence of testing,...

Die Verfügungen der Landeskartellbehörde Hessen gegen Wasserversorger wegen zu hoher Wasserpreise, die auf eine Vergleichsmarktanalyse gestützt wurden, und deren Bestätigung durch den BGH am 2.2.2010 waren erste Vorboten einer sich verschärfenden kartellrechtlichen Entgeltkontrolle der...

A general theoretical and empirical framework is developed for assessing the potential of a vertically integrated firm to foreclose downstream competitors. Using this framework a policymaker may also evaluate the empirical welfare effects from a vertically integrated firm raising rivals' costs....