Nicht zuletzt durch eine Reihe spektakulärer Unternehmenszusammenschlüsse ist die Frage nach den Ursachen, den Folgen und den Möglichkeiten bzw. Notwendigkeiten staatlicher Eingriffe im Rahmen der Wettbewerbspolitik erneut in das Zentrum der wirtschaftspolitischen Diskussion geraten....

This paper compares the performance of stimulus response (SR) and belief-based learning (BBL) using data from game theory experiments. The environment, extensive form games played in a population setting, is novel in the empirical literature on learning in games. Both the SR and BBL models fit...

Information on the primal and dual productivity measure is used to estimate industry mark-ups for 4-digit U.S. manufacturing industries. Investigating the relationship between these estimates and various industry characteristics as well as their cyclical intensive industries with high growth...

Using a unique panel data set for German grocery prices we find significant price synchronization within food retail chains as well as within individual food stores (between products). Price synchronization between chains appears to be less pronounced.(...)

Temporary price reductions (sales) as a means of promotion have become an increasingly important tool in the marketing mix of food retailers around the world. This paper investigates the retailers' pricing strategy by explicitly accounting for the multi-product nature of retailing. We find that...

This paper analyses the flexibility decision of firms. In particular we (a) ask whether the flexibility choice is influenced by market structure (concentration, market growth, ...), (b) compare the firms' actual choices with welfare maximising flexibility decisions (c) investigate the...

Eine Welle von Fusionen hat die Weltwirtschaft erfasst. Allein die Dimension der bei Großfusionen genannten Summen, die nicht selten das Bruttoinlandsprodukt von Volkswirtschaften übersteigen, führen zu einem erheblichen Maß an Verunsicherung. Dies wird auch in den Überschriften von...

This paper examines the impact of various farm and household characteristics (such as farm size, the off-farm employment status, the farm operator's age and schooling and the number of family members) on the level as well as the dynamics of on-farm diversification. Using linked census data for...