Standard methods for calculating cartel-damages rely on data of prices charged and quantity sold. Such data may not easily be available. In this paper, it is shown that a lower bound for cartel-damages can also be computed from accounting data. In previous literature it is shown that economic...

We present econometric evidence on the influence of an individual’s sociodemographic characteristics, economic background, and dynamic personal and group interactions on co-operative behaviour in a social dilemma situation. The data are from a framed common-pool resource experiment conducted...

Any cooperation that profits from relation-specific investments suffers from the well-known hold-up problem. If investments are not enforceable by an outside authority, the gains fall prey to individual opportunism caused by a free-rider problem. If, in addition, individual investments exhibit...

What makes workers consider it fair for wages to be indexed on job performance or efficiency? In this paper we attempt to answer this question using the 2005 wave of the World Values Survey data for 43 countries to investigate what socio-economic characteristics condition employees' preference...

Zur Messung räumlicher Konzentration ökonomischer Aktivitäten stehen verschiedene Verfahren zur Verfügung. Nachstehend wird mit den distanzbasierten uni- und bivariaten KFunktionen eine neue Methode vorgestellt, die Vorteile gegenüber den herkömmlichen, auf regionaler Abgrenzung...

Efficiency wage effects of profit sharing are combined with option values related to stochastic future profit variations. These option effects occur if the workers' profit share is fixed by long-term contracts. The Pareto-improving optimal level of the sharing ratio is calculated for two...

This paper reexamines the effect of the regulatory regime on both penetration and coverage of broadband access to the internet. The framework also allows for an evaluation of different public policy measures such as subsidization of broadband demand and supply. A welfare analysis asks what the...

Ist die Arbeitsnachfragekurve eher steil oder eher flach? Die diesbezüglichen Überlegungen von John Hicks (1932) und Alfred Marshall (1920) haben nichts an Aktualität verloren. Ihre vier Gesetze der Nachfrage sind nach wie vor Ausgangspunkt vieler Studien zur Theorie und Empirie der...