We study the selection of the political elite in an autocratic state. Using detailed CV data on potential politicians in the German Democratic Republic, we track and quantify the position of individuals in the state hierarchy over time and exploit exogenous connections between individuals that...

We study the selection of the political elite in an autocratic state. Using detailed CV data on potential politicians in the German Democratic Republic, we track and quantify the position of individuals in the state hierarchy over time and exploit exogenous connections between individuals that...

(Why) does the sex ratio in top-management positions in large family and nonfamily businesses differ? Using a unique data set and estimating (fractional) logit regressions we show that the female share in top-management positions in family businesses exceeds the one in nonfamily businesses. One...

(Why) does the sex ratio in top-management positions in large family and nonfamily businesses differ? Using a unique data set and estimating (fractional) logit regressions we show that the female share in top-management positions in family businesses exceeds the one in nonfamily businesses. One...

In this survey we present some of the more significant results in the literature on adverse selection in insurance markets. Sections 1 and 2 introduce the subject and Section 3 discusses the monopoly model developed by Stiglitz (1977) for the case of single-period contracts extended by many...