Optimal Democratic Mechanisms for Income Taxation and Public Good Provision

The Impact of Firm Entry Regulation on Long- living Entrants

Corporate governance and incentive contracts: Historical evidence from a legal reform

Strategic Information Disclosure and Competition for an Imperfectly Protected Innovation

Optimal Income Taxation and Public Good Provision with Endogenous Interest Groups

Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability

A Reconsideration of the Jensen-Meckling Model of Outside Finance

The Role of Liquidity and Implicit Guarantees in the German Twin Crisis of 1931

Netting in Interconnector Auctions

Keywords: Divisible good auctions, interconnector, electricity mar?kets, competition policy
JEL classification: L94, D44

The Role of Boundary Solutions in Principal-Agent Problems of the Holmström-Milgrom Type

Keywords: Principal-agent problems, linear incentive schemes, intertemporal incentives, Brownian motion
JEL classification: C61, D82, J33

The Undesirability of Randomized Income Taxation under Decreasing Risk Aversion

Keywords: Optimal Income Taxation, Randomized Incentive Schemes, Nonincreasing Risk Aversion
JEL classification: H21

Private Damage Claims and the Passing-On Defense in Horizontal Price-Fixing Cases: An Economist’s Perspective

Keywords: Horizontal Price Fixing, Passing-On Defense, Private Damage Claims
JEL classification: K 21, L 41

The Provision and Pricing of Excludable Public Goods: Ramsey-Boiteux Pricing versus Bundling

Keywords: Mechanism Design, Excludable Public Goods, Ramsey-Boiteux Pricing, Renegotiation Proofness, Bundling
JEL classification: D61, H21, H41,H42

Effizienz oder Wettbewerbsfreiheit? Zur normativen Grundlegung der Wettbewerbspolitik

Keywords: Antitrust Policy, Abuse of Dominance, Article 82, Rebate and Bonus Schemes
JEL classification: L40

Braucht Deutschland eine 'private starke deutsche Bank'? Ueber die Notwendigkeit nationaler Champions im Bankwesen

Demand for storage of natural gas in north-western Europe. Trends 2005-2030

with Madjid Kuebler

Cost and Benefits from Infrastructure Competition. Estimating Welfare Effects from Broadband Access Competition

Information Aqusition and Strategic Disclosure in Oligopoly

The Organization of Regulateg Production: Complementarities, Correlation and Collusion

Market Discipline, Information Processing, and Corporate Governance

Keywords: Financial Institutions, Market Discipline, Information Efficiency, Corporate Governance
JEL classification: G30

Elitemodell Wartburg?

Netzwettbewerb durch Regulierung

An Agenda for a Growing Europe

Managerbereicherung gibt es überall

The Privatization of Italian Savings Banks – A Role Model for Germany?

The Privatization of Italian Savings Banks - A Role Model for Germany?

Keywords: Privatization, savings banks, three-pillar system
JEL classification: G21, H11, L33

The Long-Run Evolution of Technological Knowledge

Keywords: Endogenous technological change, Malthus, Long-run growth
JEL classification: O11, O31, O40

The Relation between Real Wages and Employment: An Intertemporal General-Equilibrium Approach

JEL classification: E1, E2

Selling Reputation when Going Out of Business

Banks as Delegated Risk Managers

The German Twin Crisis of 1931

Reply to Thomas Ferguson and Peter Temin's Comment on The German Twin Crisis of 1931

Nonlinear Incentive Provision in Walrasian Markets: A Cournot Convergence Approach

Keywords: Insurance, Moral Hazard, Incentive Contracting, Walrasian Markets, Rational-Expectations, Cournot Equilibrium
JEL classification: D50, D62, D80

Monopoly Prices versus Ramsey-Boiteux Prices

Keywords: Ramsey Pricing, Regulation, Access Pricing, Termination
JEL classification: L33, L50, L94

How Do Official Bailouts Affect the Risk of Investing in Emerging Markets?

A utilitarian Approach to the provision and pricing of excludable public goods

Keywords: Public-Good Provision, Admission Fees for Excludable Public Goods, Utilitarian Welfare Maximization
JEL classification: D61; D63; H21; H41

Liquidity and Contagion: The Crisis of 1763

Braucht Deutschland eine private starke deutsche Bank? Über die Notwendigkeit nationaler Champions im Bankwesen

From Poverty Measurement to the Measurement of Downside Risk

Konsistenzgebot im neuen TKG: Anforderungen und Zielkonflikte

Ramsey-Boiteux-Preise und Monopolpreise - zu einigen verbreiteten Missverständnissen

A Contribution to the Theory of Optimal Utilitarian Income Taxation

Keywords: Optimal Income Taxation, Utilitarian Welfare Maximization, Redistribution
JEL classification: D63, H21
together with A1

An Economic Approach to Article 82

Keywords: Competition Policy, Abuse of Dominance, Article 82, Effects Based Approach
JEL classification: L4
together with A3

Technology choice, relative performance pay, and worker heterogeneity

Minimum Wages and Excessive Effort Supply

Technology Adoption under Hidden Information

Rent Seeking, Employment Security and Works Councils: Theory and Evidence for Germany

On the Choice of Risk and Effort in Tournaments - Experimental Evidence

Promotion Tournaments and Individual Performance Pay

Risk-Taking in Tournaments -Theory and Experimental Evidence

Hostile takeover and costly merger control

Double-Sided Moral Hazard, Efficiency Wages and Litigation

Variance analysis and linear contracts in agencies with

The Effect of Reputation on Selling Prices in Auctions

On the Inefficiency of Merger Control

The Effect of Reputation on Selling Prices in Auctions

Information in tournaments under limited liability

On Sabotage in Collective Tournaments

Preemption in Rank-Order Tournaments

with Peter-Jürgen Jost

Emotions and the Optimality of Uneven Tournaments

Should You Allow Your Employee to Become Your Competitor? - On Non-Compete Agreements in Employment Contracts

with Dirk Sliwka

On the Adverse Selection of Technologies

Doping and Cheating in Contest-Like Situations

Keywords: cheating, contest, doping, fraud in research, tournament
JEL classification: J3, K42, M5

Sabotage in Corporate Contests - An Experimental Analysis

Keywords: Bullying; Contest; Experiments; Sabotage; Tournament
JEL classification: C91, J33, J41, C72

Human Capital Investments in Asymmetric Corporate Tournaments

Sabotage in Corporate Contests - An Experimental Analysis

Tournaments versus Piece Rates under Limited Liability

Emotions and Compensation

Performance Measurement Technologies and the Trade-off of Risk and Incentives

On Delegation under Relational Contracts

Distorted Performance Measurement and Relational Contracts

Optimal Risk Taking in an Uneven Tournament Game with Risk Averse Players

Preemptive Behavior in Sequential-Move Tournaments with Heterogeneous Agents

Keywords: preemption, tournaments
JEL classification: J3, M12, M5

Collective contests with externalities: corrigendum

An Empirical Study on Risk Taking in Tournaments

Interindustry Wage Differentials and Industry-Wide Exit Rates of Firms

Keywords: wages, wage differentials, firm exit
JEL classification: J3, J31

Are 18 holes enough for Tiger Woods?

Keywords: Promotion tournament, selection, heterogeneous employees, repetition
JEL classification: D82, M51

A Collective Tournament Under (un)limited Liability

Keywords: Collective tournament, free-rider problem, liability, Nash bargaining
JEL classification: D2, J3, M5

Risk Taking in Asymmetric Tournaments

Keywords: effort effect, likelihood effect, risk taking, tournament
JEL classification: D23, J3, M12

A rationale for the coexistence of central and decentral marketing in team sports

Keywords: central marketing, decentral marketing, collective tournament, complementarity
JEL classification: D2, L1, L8, M5

Helping and Sabotaging in Tournaments

Keywords: cost effect; likelihood effect; tournament
JEL classification: J31, J33, M5

International Journal of the Economics of Business, Volume: 12, 2005, Pp 193-209

Keywords: competition, incentives, knowledge transfer, limited liability, organizations
JEL classification: J3, M5

Envy and Compassion in Tournaments

Journal of Economics and Management Strategy, Volume: 14, 2005, Pp 187-207

Strategic Delegation and Mergers in Oligopolistic Contests

Keywords: contests, merger, strategic delegation
JEL classification: L1, M2

Splitting Leagues

Keywords: collusion, leagues, promotion, relegation, tournaments
JEL classification: J3, J4, M5

A Note on Revenue Sharing in Sports Leagues

Keywords: broadcasting revenues, equal sharing, sports leagues, revenue sharing, winner-take-all scheme

Zur Reform der Professorenbesoldung in Deutschland

Keywords: Besoldung, Turnier
JEL classification: J3, M5

Strategic Delegation in Oligopolistic Tournaments

Keywords: managerial incentives, oligopoly, strategic delegation, tournaments
JEL classification: L1, M2

Managerial versus Entrepreneurial Firms: The Benefits of Separating Ownership and Control

Keywords: agency theory, contests, strategic delegation, takeovers
JEL classification: L1, M2

Simultaneous- versus Sequential-Move Tournaments with Heterogeneous Agents

Keywords: endogenous ordering of moves, heterogeneous agents, rank-order tournaments
JEL classification: J3, M12, M52

The Wage Policy of Firms - Comparative Evidence for the U.S. and Germany from Personnel Records

Turniere in Unternehmen als Leistungsanreiz

R&D Spillovers and Strategic Delegation in Oligopolistic Contests

Keywords: Contests, spillovers, strategic delegation
JEL classification: L1, M2

Oekonomische Analyse der Professorenbesoldungsreform in Deutschland

Keywords: Bullying; Contest; Experiments; Sabotage; Tournament
JEL classification: C91, J33, J41, C72
together with A1

Tournaments versus Piece Rates under Limited Liability

Keywords: incentives, piece rates, rank-order tournaments
JEL classification: J31, J33, M5
together with A1

Tournaments versus Piece Rates under Limited Liability

Keywords: incentives, piece rates, rank-order tournaments
JEL classification: J31, J33, M5

Emotions in Tournaments

Keywords: contest design, emotions, tournaments, unfair contests
JEL classification: J3, M5

Who is Afraid of Political Risk: Multinational Firms and their Choice of Capital Structure

Germany's Super Competitiveness - A Helping Hand from Eastern Europe

Are Multinational Banks Different?

FDI and Domestic Investment: An Industry Level View

Who is Afraid of Political Risk? Multinational Firms and their Choice of Capital Structure

Entry of Foreign Banks and their Impact on Host Countries

Organization of Multinational Activities and Ownership Structure

The Organization of Firms in a Global Economy

Foreign Banks in Eastern Europe: Mode of Entry and Effects on Bank Interest Rates

Business Groups in Emerging Markets - Financial Control and Sequential Investment

Power Inside the Firm and the Market: A General Equilibrium Approach

Power inside the Firm and the Market: A General Equilibrium Approach

Disorganization and Financial Collapse

Keywords: Transition, Financial crisis, Output fall, Credit constraint, Barter
JEL classification: G3, P3, D2, O1

Product Standards, Trade Disputes, and Protectionism

Technology Transfer and Spillovers in International Joint Ventures

Keywords: Foreign direct investment, International joint ventures, Technology transfer, Technology spillovers, Multinational firms
JEL classification: D43, F21, F23, L13, P31, O12

How elections matter:theory and evidence from environmental policy

Foreign Banks in Eastern Europe: Mode of Entry and Effects on Bank Interest Rates