Does competition affect moral behavior? This fundamental question has been debated among leading scholars for centuries, and more recently, it has been tested in experimental studies yielding a body of rather inconclusive empirical evidence. A potential source of ambivalent empirical results on the same hypothesis is design heterogeneity—variation in true effect sizes across various reasonable experimental ...
Recent developments in AI, such as the much-discussed capabilities and limitations of generative language models like GPT-4, and their policy implications for competition and regulation are the focus of this year's conference. The EU's AI Act could be one of the first steps towards global regulation of AI technologies. On the one hand, task-based predictive systems and new generative tools can...
We analyse variation in firm performance as a function of the international diversification of ICT imports by firms. Drawing on administrative data from 2010 and 2014 on nearly 4000 German manufacturing firms, we find that firms with ICT sourcing that is diversified across multiple countries perform better than similar, less-diversified firms. This finding holds true for two performance metrics (value ...
Die Kritik an einem wettbewerbsverzerrenden Industriestrompreis ist im Kanzleramt offensichtlich nicht auf taube Ohren gestoßen. Trotzdem bleiben eine Kritikpunkte stehen: Denn auf langer Sicht hilft das Strompreispaket weder Unternehmen noch Verbraucher*innen. Dieser Gastbeitrag von Lea Bernhardt und Tomaso Duso erschien am 11. November 2023 auf Focus Online. Das Strompreispaket der Ampel-Koalition ...
Im August 2022 hat der US- Kongress ein umfangreiches Bundesgesetz, den Inflation Reduction Act (IRA), verabschiedet, das der US-Wirtschaft zu mehr Wachstum und Resilienz verhelfen soll. Es ist ein massives staatliches Investitions- und Ausgabenprogramm in den Sozialstaat, in die bundesweite Infrastruktur und in den Klima- und Umweltschutz in Höhe von geschätzt rund 430 Milliarden Dollar. Gleichzeitig ...
In August 2022, the US Congress passed the Inflation Reduction Act (IRA), a comprehensive piece of legislation aiming to stimulate the US economy and to increase its resilience. At an estimated 430 billion euros, it is a massive government investment and spending program in the welfare state, federal infrastructure, climate action, and environmental protection. At the same time, the IRA is intended ...
This paper relates incomplete price competition among real estate agents to inattentive home sellers. I exploit a recent legal reform in Germany which specifically aimed to increase price competition among real estate agents by raising the cost salience of sellers. I find that the reform backfired and real estate agents exploited the transition to increase their total commission rate by 0.3...