This paper uses a unique newly constructed data set to investigate for the first time the link between credit constraints and the extensive margins of exports in Germany, one of the leading actors on the international market for goods. In line with theoretical considerations and comparable...

Thomas Piketty has argued that the rising income share of top earners in the US is driven by the growing incomes of “Supermanagers”, high-level managers and supervisors in large firms. Piketty has further argued that this development is best explained by growing managerial bargaining power...

Recent healthcare reforms have sought to increase efficiency by introducing managed care (MC) as an alternative to conventional care. This article proposes an institutional change designed to let German consumers choose between the two settings through directing payments from the Federal Health...

The paper offers a novel explanation for China's manufacturing exports performance after WTO entry. Building on stylized facts about low-wage country exporters, a theoretical model is developed to analyze reduced trade policy uncertainty. A global (non-destination specific) component of...

In contrast to the United States, Germany decided to add margin squeeze as a legal offense to German competition law. In response to this, the problems in the gasoline market have caused major debates. This paper examines the pricing strategies by gasoline retailers and discusses the...

In this paper, we study how R&D investment affect financial analyst’s earnings forecasts and how intellectual capital endowments moderate this effect. We argue that high information asymmetry and uncertainty associated with R&D investment increase a financial analysts’ earnings forecast...

This paper analyzes various innovation strategies of firms. Using five waves of the Community Innovation Survey in Sweden, we have traced the innovative behaviour of firms over a ten-year period, i.e. between 2002 and 2012. We distinguish between sixteen innovation strategies, which compose of...

Labor mobility is mechanism for transfer the technology and innovation from multinational firms (MNEs) to non-multinational firms (non-MNEs). In this paper, we use a unique employer-employee data set in Sweden to provide individual-firm match dataset. Using the special research framework, we...

We characterize lexicographic preferences on product sets of finitely many coordinates. The main new axiom is a robustness property. It roughly requires this: Suppose x is preferred to y; many of its coordinates indicate that the former is better and only a few indicate the opposite. Then the...

In this paper, we analyse where people who become self-employed actually start their firms. In the entrepreneurship literature, it is generally assumed that individuals who start a firm start it where they live. We question this general assumption and show that this does not hold for commuters....