We develop a model where temporary non-technology shocks can lead to permanent changes in the rate of growth of total factor productivity (TFP). The key ingredient of the model is a matching processes between basic researchers, product developers, and the stock of knowledge of the economy. In...

Mergers and acquisitions shape industry competition. Effective merger remedies are important for market efficiency and consumer welfare. This paper explores the need for more flexible remedies to address changing markets after mergers. While the EU permits some flexibility with less restrictive...

Experts' voting behavior is conjectured to be more objective than peer voting (own group/peers) and public voters (everyone interested), who are supposedly influenced by all sorts of subjective aspects. We examine differences in voting behavior between these groups by analyzing the voting...

The answer is yes to both. For decades, research on entrepreneurship culture has relied on two competing theoretical foundations for the important concept of entrepreneurship culture. One camp views entrepreneurship culture as an aggregate of personality traits conducive for entrepreneurship....

Dem Aufruf des Bundesministeriums für Wirtschaft und Klimaschutz (BMWK) folgend, nehmen wir in dieser Stellungnahme eine ökonomische Einschätzung des umfangreichen Gutachtens zu „Wettbewerb und Nachhaltigkeit in Deutschland und der EU“, welches im Auftrag des BMWK angefertigt wurde, vor....

This paper argues that the typical practice of performing growth decompositions based on log-transformed productivity values induces fallacious conclusions: using logs may lead to an inaccurate aggregate growth rate, an inaccurate description of the microsources of aggregate growth, or both. We...

We investigate links between routine-biased technical change, the structure of occupational employment, and cross-country income differences. To implement this, we combine several data sources including national labour force surveys and Penn World Tables. We first document that in our novel...

Der vorliegende Beitrag analysiert die im Energiesektor erfolgten Ministererlaubnisse vor dem Hintergrund der Betrachtung der Gemeinwohlbegründung „Energieversorgungssicherheit in Deutschland“. Anhand der vertieften Untersuchung des Falles E.ON/Ruhrgas als zuletzt ministererlaubter Fusion...

This chapter provides an overview of the economics of influencers and social media stardom. It provides the state-of-research regarding success factors, revenue and payment models, social media platforms and ecosystems, and welfare effects. It describes the role of social media content providers...