Becoming famous and in the most favorable scenario winning the Nobel Prize is the dream of many young and ambitious economists. Yet, many young re-searchers are talented and only very few of them succeed to become famous in the course of their career. If we take talent for granted questions of...

This report develops a conceptual framework for the assessment of costs and benefits associated with non-tariff measures that allows an evidence-based comparative assessment of alternative regulatory approaches.

A credence good is a product or service whose usefulness or necessity is better known to the seller than to the buyer. This information asymmetry often persists even after the credence good is consumed. I propose two new theories of expert cheating, suggesting that identifiable heterogeneities...

I examine health maintenance organizations' (HMOs) voluntary disclosure of product quality, which is not as complete as unravelling theories predict. After controlling for cost and demand factors, I find that HMOs use voluntary disclosure to differentiate from competitors, with lower disclosure...

Das open source entwickelte Betriebssystem Linux setzt den Quasi- Monopolisten Microsoft gefährlich unter Druck. Diese Entwicklung ist aus einer organisationsökonomischen Perspektive deswegen bemerkenswert, weil hinter Linux kein hierarchisches Unternehmen mit zentraler Steuerung und einem...