Who participates in transactions when information about the consequences must be learned? We show theoretically that decision makers for whom acquiring and processing information is more costly respond more strongly to changes in incentive payments for participating and decide to participate...

In nationalen Innovationssystemen verhindert oft Markt- und Staatsversagen die volle Entfaltung des vorhandenen Innovationspotenzials. Der Autor enttarnt theoretisch und empirisch die zugrunde liegenden Informationsprobleme, Anreizmechanismen und Mitnahmeeffekte. Ein für Österreich erstmaliges...

Competition among physicians is widespread, but compelling empirical evidence on the impact on service provision is limited, mainly due to lack of exogenous variation in the degree of competition. In this paper we exploit that many GPs, in addition to own practice, work in local emergency...