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1218 Ergebnisse, ab 1
Diskussionspapiere 1982 / 2021

In a World with Many Targets, One-Dimensional Target Indicators Will Always Be Bypassed

It is striking that economists in particular firmly believe in the benefits of rule-binding, even though this belief runs counter to the standard assumption of economic theory that we humans are self-interested and therefore extremely resourceful when it comes to circumventing inconvenient government regulations, e.g. taxes. In Public Choice Theory, politicians are even assumed to have nothing but ...

2021| Gert G. Wagner
Medienbeitrag

Elementarschäden müssen versichert sein

Eine Folge der Regenkatastrophe sind die immensen Kosten der Gebäudeschäden. Hier hilft eine Versicherungspflicht – die auch künftige Klimarisiken reduzieren kann. Der Klimawandel hat dieser Tage gezeigt, welche katastrophalen Folgen er hat: Sturmtief Bernd ist über Nordrhein-Westfalen, Rheinland-Pfalz, das Saarland und Teile Hessens gezogen und hat durch extremen Dauerregen ...

20.07.2021| Gert G. Wagner
Externe referierte Aufsätze

The Pricing Structure of Legal Services: Do Lawyers Offer What Clients Want?

We analyze clients’ contract choices in auctions where Dutch law firms compete for standard cases such as labor disputes for individuals and collecting debts for businesses. In the auctions, lawyers can submit bids with any fee arrangement they prefer, including an hourly rate, a fixed fee, and a ‘mixed fee’: a time-capped fixed fee plus an hourly rate for any additional hours should the case take ...

In: Review of Industrial Organization (2022), im Ersch. [online first: 2022-04-27] | Flóra Felsö, Sander Onderstal, Jo Seldeslachts
Externe referierte Aufsätze

In an Imperfect World Policy Rules Cannot be Perfect Either: Letter

It is striking that economists in particular firmly believe in the benefits of rule-binding, even though this belief runs counter to the standard assumption of economic theory that we humans are self-interested and therefore extremely resourceful when it comes to circumventing inconvenient government regulations, e.g. taxes. In Public Choice Theory, politicians are even assumed to have nothing but ...

In: The Economists' Voice (2022), im Ersch. [online first: 2021-11-11] | Gert G. Wagner
Externe referierte Aufsätze

The Effect of Mergers on Variety in Grocery Retailing

We study a merger between two Dutch supermarket chains to assess its effect on the depth as well as composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in pre-merger competitive conditions and thus in the merger outcomes. To define our control group, we account for selection on observables through a matching procedure. We observe that, after the merger, ...

In: International Journal of Industrial Organization 79 (2021), 102789, 19 S. | Elena Argentesi, Paolo Buccirossi, Roberto Cervone, Tomaso Duso, Allessia Marrazzo
Externe referierte Aufsätze

The Role of Budget Constraints in Sequential Elimination Tournaments

We study how budget constraints affect effort provision in sequential elimination tournaments. Our main result is that the introduction of budget constraints has two opposing effects on the initial effort of the unconstrained contestants, and leads to a non-monotonicity of this effort. This implies that if the budget asymmetry is not too large, total first-stage effort from unconstrained contestants ...

In: The Scandinavian Journal of Economics 123 (2021), 4, S. 1059-1087 | Malin Arve, Olga Chiappinelli
Zeitungs- und Blogbeiträge

Auf den Kapitalpuffer kommt es an

In: Handelsblatt (01.02.2022, S. 48 | Lukas Menkhoff
Externe referierte Aufsätze

Coupled Lotteries - a New Method to Analyze Inequality Aversion

We develop and implement a new measure for inequality aversion: two peers are endowed with identical binary lotteries and the only choice they make is whether they want to play out the lotteries independently or with perfect positive correlation (coupling). Coupling has the core reason to prevent outcome inequality. We implement the method in a survey in rural Thailand as well as in a supplemental ...

In: Journal of Economic Behavior & Organization 191 (2021), S. 236–256 | Melanie Koch, Lukas Menkhoff, Ulrich Schmidt
Zeitungs- und Blogbeiträge

Am Geld wird es nicht scheitern

In: Die Zeit (19.11.2021), [Online-Artikel] | Marcel Fratzscher
Brown Bag Seminar Industrial Economics

Antitrust Policy and Innovation

Innovation has recently come to the attention of Antitrust Authorities, even though the effect of mergers on innovation is still hotly debated. I study how the activity of Antitrust Authorities impacts future innovation of merging firms. Exploiting a change in notification rules I build an event study comparing mergers notified to the authorities with non-notified ones. I develop a new methodology...

03.12.2021| Giovanni Morzenti, Bocconi University, Milan
1218 Ergebnisse, ab 1
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