The paper examines the incentives of Governments to introduce green taxes instead of emission licenses. We take into account the fact that licenses are durable goods, and distinguish Governements that may have fiscal goals as well as ecological ones. Taxes solve the credibility problem a...

The paper demonstrates the economic consequences of a new EU directive that introduces resale rights in all member states. The lifetime income of young, unknwon artists is likely to shrink, despite the intention of the EU to increase their income. Even if the lifetime income were increasing, the...

Dieser Beitrag analysiert die geplante und zum Teil schon verwirklichte Reform des Gesetzes über Arbeitnehmererfindungen (ArbEG). Im Mittelpunkt der Analyse stehen die Vergütungen, die Arbeitgeber an einen Mitarbeiter zu zahlen haben, wenn sie dessen Erfindung in Anspruch nehmen. Bisher wurde...

In Economics, like in any social science, empirical tests of theoretical results face the problem that the economy cannot be reproduced in laboratories. Drawing on the experience of Psychology, Experimental Economics nowadays uses stylised experiments to test at least the basic assumptions of...

The theory of competition as a discovery procedure argues that the results of this procedure cannot be predicted because of its very nature as a discovery procedure. If this were true, this would imply the impossibilty of testing whether competition actually works as predicted. This article...