The question of delay management is whether trains should wait for a delayed feeder train or should depart on time. In classical delay management models passengers always take their originally planned route. In this paper, we propose a model where re-routing of passengers is incorporated. To...

Using annual data for 21 OECD countries we provide evidence of remarkable mispricing of sovereign bonds for the so-called GIIPS countries before the start of the financial crisis. Our results also qualify the view of pronounced overpricing in the crisis. In detail, we find: (i) Since the 1980s...

Wie keine anderen Verhandlungen in der jüngeren Geschichte haben die bilateralen Gespräche zur Transatlantischen Handels- und Investitionspartnerschaft (kurz TTIP) die öffentliche Meinung gespalten. Dieses Buch analysiert die Argumente von Befürwortern und Gegnern und nimmt jenseits der...