Häufig kann beobachtet werden, dass Konsumenten aufgrund unzureichender Produktinformationen den Preis als Qualitätssignal interpretieren und so eine vereinfachte Kaufentscheidung treffen, indem sie insbesondere hochpreisige Produkte wählen. Zum anderen genießen auch externe...

This note analyzes the existence of a possible media bias by determining the impact of automobile manufactures' advertisements on the probability that German car magazines review their products. By accounting for possible endogeneity, we find a positive impact of advertising volumes on test...

Since 2007, all insurance intermediaries face negligence liability that is supposed to reallocate risks and set economic incentives. Nonetheless, further measures are taken to improve consumer protection. So, the question arises does the liability rule influence the agents behavior, or not, and...