Etablierte Demokratien westlichen Typs, wie etwa die DemokratieformDeutschlands, zeichnen sich durch handlungsrechtliche Systemstrukturen aus, diegraduell unterschiedlich große Verteilungsspielräume für politischeEntscheidungsträger enthalten. Dieser Sachverhalt steht in engemZusammenhang...

The computational properties of an econometric method are fundamentaldeterminants of its importance and practical usefulness, in conjunction withthe method’s statistical properties. Computational methods in econometricsare advanced through successfully combining ideas and methods in...

While the hypothesis that ownership concentration can aect the value of a company has seen a lotof empirical study, little light has been shed on a complementary problem, that these concentratedowners have a cost of their position due to an undiversified portfolio. Using a unique data set ofthe...