Efficiency wage effects of profit sharing are combined with option values related to stochastic future pofit variations. These option effects occur if the workers' profit share is fixed by long-term contracts. The Pareto-improving optimal level of the sharing ratio is calculated for two...

Zollkontingente sind zweistufige, mengenabhängige Zollsätze. Sie wurden in den letzten Jahren interessant, weil nach dem Abschluss der Uruguay-Runde verstärkt Importquoten in Zollkontingente umgewandelt wurden, um dem Ziel der Tarifizierung mengenbeschränkender Handelshemmnisse Rechnung zu...

Over the years Russia has become one of the most important partners of the European Union. Due to this fact a more democratic and modern Russia would have great benefits for the EU and might contribute to the stabilization of the European continent. But existing problems like terrorism,...

In many industrialized countries, the grocery-retailing sector exhibits a strong and increasing market concentration. Hence, it is important to understand retail pricing for many questions related to market power in the marketing chain and to agricultural and food policies. We analyze...