Abstract The deregulation of the gas industry provided in Germany is fundamentally based on the contestable market concept of competition policy. The obligation to grant third party access is to be strengthened, the legal exception of § 103 GWB for the gas industry should be suspended. A...

Zusammenfassung Vor dem Hintergrund empirisch beobachtbarer Zinsdifferenzen wird das Verhalten von Banken und Schuldnern in einem einfachen Modell der Kreditvergabe beschrieben. Die Gläubiger unterstellen den Darlehensnehmern individuelle maximale Schuldendienstpotentiale, die als...

Although recent experiences made during the ongoing international financial crisis call for smaller entities in banking systems, consolidation still takes place in many industrialized economies. The often stretched argument that large banks are able to establish economies of scale as well as...

Our paper addresses the economic concept of inflation, and how to measure inflation properly in practise. First of all we present and discuss comprehensively various definitions of inflation proposed and used in the literature. What follows, is a detailed investigation of empirical proxies or...