Competition is the catalyst of corporate innovation, which is the foundation of a country's core competitiveness. From the view of vertical industrial chain, this paper examines how downstream competition affects upstream firms' innovation output. Given innovation helps reduce the production...

The popularity of open ascending auctions is often attributed to the fact that openly observable bidding allows to aggregate dispersed information. Another reason behind the frequent utilization of open auction formats may be that they activate revenue enhancing biases. In an experiment, we...

Hohe Preise für den Ausstoß von klimaschädlichen Treibhausgasen sind ein effizienter Weg, um den Umstieg auf ein nachhaltiges Wachstumsmodell und die gesetzten Klimaziele zu erreichen. Trotz der Einführung von CO2-Preisen für Emissionen in Deutschland und Europa sind große Bereiche noch...

Sanctions and their effectiveness are at the centre of the discussion about an appropriate response to Russia’s war of aggression against Ukraine. At the latest since the atrocities of the war became evident and payment for gas supplies in roubles was brought into play, voices calling for a...