The fraction of works councillors belonging to a trade union in Germany is much higher than union density among employees. If works councils represent the face of unions, union membership of employees should be related positively to the existence of works councils and their proximity to unions....

The fraction of works councillors belonging to a trade union in Germany is much higher than union density among employees. If works councils represent the face of unions, union membership of employees should be related positively to the existence of works councils and their proximity to unions....

Zur Überwindung der Defizite des GATT bedarf es einer konsistenten internationalen Ordnungspolitik. Sie setzt ordnungspolitische Reformen in der Binnenwirtschaftspolitik der GATT-Staaten voraus. Weitere Elemente der GATT-Reform könnten sein: Eine striktere Durchsetzung der GATTBestimmungen,...

This paper models the competition of user networks as a continuous-time Markov process. It presents a dynamic version of the Discrete Choice Analysis with state-dependent choice probabilities. Among other things, we show that the network competition can be characterized by the coexistence of...

Aufgabe des vorliegenden Beitrages ist es, die wesentlichen Elemente und die Funktionsweise des strukturalistischen Ansatzes darzustellen und ihn auf seine Erklärungskraft bzgl. der empirisch festzustellenden andauernden Arbeitslosigkeit in den westlichen Industrieländern zu überprüfen. Eine...

In this paper we addressed the problem of determining the optimal replicating strategy for a European call option under differential transactions costs. We derived an upper boundary for the cost factor in a market where all Investors face the same factor. This upper boundary ensures the...

This paper examines the distributional and efficiency effects of different debt reduction schemes in Italy. To finance a given deficit reduction path, we introduce the so-called Eurotax and endogenously adjust either the consumption tax rate or lump-sum transfers in order to balance the budget....

The objective of this paper is to contribute to a better understanding of rational expectations equilibria. These equilibria emerge from demand decisions of investors who try to extract Information about future market prices from current ones. Therefore from an eeonomisfs perspective it seems...

In this paper we ask who bears the burden of recent deficit reduction schemes in Italy. We implemented a reduction of the public deficit to 3 per cent of the GDP, the value that would allow Italy to meet the Maastricht Treaty criteria. The cut-down is financed by the so-called Eurotax...