The Russian war of aggression against Ukraine since 24 February 2022 has intensified the discussion of Europe's reliance on energy imports from Russia. A ban on Russian imports of oil, natural gas and coal has already been imposed by the United States, while the United Kingdom plans to cease...

This paper assesses the possible development of government interest expenditures as a share of GDP for Germany, France, Italy and Spain. Until 2021, these and other member states could anticipate a further reduction of interest expenditure in the future. This outlook has changed considerably...

This paper extends the literature studying the effect of social media content on the evaluation of job candidates. In a large-scale online experiment that resembles real-life screening of candidates for a job in the hospitality sector, we find that information available on social media through...

Employment relationships are embedded in a network of social norms that provide an implicit framework for desired behaviour, especially if contractual solutions are weak. The COVID-19 pandemic has brought about major changes that have led to situations, such as the scope of short-time work or...

Tackling the crisis, readjusting the economic model: Rising energy prices, historically high infl ation rates and ongoing supply chain bottlenecks are challenging Germany’s long-standing industrial base. On top of that, entrepreneurs and the state alike are faced with new geopolitical tensions...

We experimentally study behavior in a simple voting game where players have private information about their preferences. With random matching, subjects overwhelmingly follow the dominant strategy to exaggerate their preferences, which leads to inefficiency. Applying a linking mechanism suggested...