We re-examine the common wisdom that cross-border mergers are the most effective merger strategy for firms facing powerful unions. In contrast, we obtain a domestic merger outcome whenever firms are sufficiently heterogeneous (in terms of productive efficiency and product differentiation). A...

Der Umbau der deutschen Stromerzeugungslandschaft im Rahmen der Energiewende stellt auch große Herausforderungen an den Netzausbau in Deutschland. Abhängig vom Szenario des Zubaus an erneuerbaren Energien werden die Kosten des Netzausbaus fur die kommenden Jahre auf 946 Millionen bis 1,6...

Im Jahr 2010 wurde eine Reform des Finanzierungsmodells für den öffentlich-rechtlichen Rundfunk beschlossen. Mit Wirkung zum 01.01.2013 trat der Rundfunkbeitragsstaatsvertrag (RBStV) in Kraft, der die bisherige geräteabhängige Rundfunkgebühr durch einen geräteunabhängigen Beitrag ersetzt....

We provide a comparison of bidding behavior between multi-round and single-round auctions considering bid lettings for asphalt construction contracts that are known to have primarily private costs. Using a reduced-form difference-in-difference approach as well as the nonparametric estimation...

We provide a comparison of bidding behavior between multi-round and single-round auctions considering bid lettings for asphalt construction contracts that are known to have primarily private costs. Using a reduced-form differenc-in-difference approach as well as the nonparametric estimation...

We provide a comparison of bidding behavior between multi-round and single-round auctions considering bid lettings for asphalt construction contracts. Using a reduced-form difference-in-difference approach as well as the nonparametric estimation technique proposed by Racine and Li (2004) we find...