This paper discusses trust and trust perceptions in infrastructure contracts and supporting institutions. We focus on perceptions of the trustworthiness of the government purchasers of infrastructure services by the supplying companies and by the governments themselves. In particular, we allow...

In this paper we try to explain how price discrimination can cause bilateral trade patterns of the type seen under countertrade agreements. We interpret countertrade as a form of transaction bundling which can discriminate between potential trading partners and we combine characteristics from...

In 2010 the Greek economy entered a deep economic crisis. This was the result of an accumulation of structural problems in the economy, including overspending and loss of competitiveness during the previous decades, translating into persistently large budget and trade deficits. In 2015, under...

Seit 2010 befindet sich die griechische Wirtschaft in einer tiefen Krise. Dazu haben verschiedene Probleme beigetragen, wie etwa die steigenden staatlichen Ausgaben und der Verlust der internationalen Wettbewerbsfähigkeit. Letzteres hat unter anderem zu hohen Haushalts- und Handelsdefiziten...

In this paper we try to explain how price discrimination can cause bilateral trade patterns of the type seen under countertrade agreements. We interpret countertrade as a form of transaction bundling, which can discriminate between potential trading partners, and we combine characteristics from...

This paper discusses specific cases in financial regulation, competition law and legal rules in procurement, in light of the economic concept of the efficiency of mixed bundling as derived in our theoretical models. We assess the appropriateness of the existing rules, and also discuss whether...

We examine an international “Rule of Three” (RoT) market that allows within and between countries competition. The addition of a domestic competitor increases the exchange-rate exposure of both competing firms relative to a duopoly, unless the exchange-rate passthrough of one of its rivals...