Expertise on changes in the socio-economic situation of the support area of the Neighbourhood Programme Poland-Belarus-Ukraine INTERREG IIIA/TACIS CBC 2004-2006 in 2004-2008/2009

The purpose of the study was (1) to assess current problems and demographical trends of Eastern Poland macroregion, (2) to analyze the consequences of the demographical situation for the social and economic system and development perspectives for the macroregion and (3) to develop...

The purpose of the study was (1) to assess current problems and demographical trends of Eastern Poland macroregion, (2) to analyze the consequences of the demographical situation for the social and economic system and development perspectives for the macroregion and (3) to develop...

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...

We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the...

This paper reports data from a laboratory experiment on two-period moral hazard problems. The findings corroborate the contract-theoretic insight that even though the periods are technologically unrelated, due to incentive considerations principals can benefit from offering long-term contracts...

We study a continuous-time game of strategic experimentation in which the players try to assess the failure rate of some new equipment or technology. Breakdowns occur at the jump times of a Poisson process whose unknown intensity is either high or low. In marked contrast to existing models, we...