Despite a growing interest, researchers and practitioners still struggle to transfer the blockchain concept introduced by Bitcoin to market-oriented application scenarios. To shed light on the technology's usage in markets with asymmetric information, this study analyzes the effect of the...

We introduce a method for measuring default risk connectedness of euro zone sovereign states using credit default swap (CDS) and bond data. The connectedness measure is based on an out-of-sample variance decomposition of model forecast errors. Due to its predictive nature, it can respond more...

We propose a model of "frugal aggregation" in which the evaluation of social welfare must be based on information about agents' top choices plus general qualitative background conditions on preferences. The former is elicited individually, while the latter is not. We apply this model to problems...

A negotiation model for flexicurity-relevant collective bargaining is developed. It is based on the Dutch computer archive of about 5,400 collective agreements called in the Dutch literature collective labor agreement (CLA). First, the opposite interests of negotiating sides are specified - a...

[Vorbemerkung] Das Institut für Volkswirtschaftslehre der Leuphana Universität Lüneburg legt hiermit seinen elften eigenständigen Forschungsbericht vor. Wir möchten mit unserem Bericht alle Interessenten an unserer wissenschaftlichen Arbeit in kompakter Form über die von uns bearbeiteten...

A negotiation model for flexicurity-relevant collective bargaining is developed. It is based on the Dutch computer archive of about 5,400 collective agreements called in the Dutch literature collective labor agreement (CLA). First, the opposite interests of negotiating sides are specified - a...

The folk theorems for infinitely repeated games with discounting presume that the discount rate between two successive periods is constant. Following the literature on quasi-exponential or hyperbolic discounting, I model the repeated interaction between two or more decision makers in a way that...

We compare how children aged 9-12 in Colombia and Sweden cooperate in a Prisoner's Dilemma. We introduce a new measurement device for cooperation that can be easily understood by children. There is some evidence of more cooperation in Sweden than in Colombia. Girls in Colombia are less...