The paper promotes the performance of the European market as a measure of the efficiency of its societies. The social market economy and the international standards of the social sciences and disciplines are essential to providing prosperity for all. The economic perspective comes naturally. A...

Zur Umsetzung der aktuellen EU-Agrarreform hat die deutsche Agrarministerkonferenz beschlossen, dass zukünftig kleinere Betriebe und Hofnachfolger durch besondere Zulagen begünstigt werden sollen. Infolge der regional sehr heterogenen Agrarstruktur ergeben sich hieraus erhebliche...

We investigate the extent to which asylum policies that aim to deter individuals from migrating irregularly in fact do so. We specifically consider effects of Germany's recent and high-profile asylum policy adjustments, which include accelerated asylum decision processes, the prospect of asylum...

We study how the stringency of policy measures to counter the COVID-19 pandemic affects individuals' trust in formal institutions. Drawing on micro-level panel data from Germany spanning an 18-month period from the onset of the pandemic, we show that, on average, there is a pronounced negative...

This paper estimates relative risk aversion using the observed shares of risky assets and characteristics of households from the Household Finance and Consumption Survey of the European Central Bank. Given that the risky share is a fractional response variable belonging to [0, 1], this paper...