A popular soccer myth states that teams affected by a sending-off perform better than they would have performed without the penalty. Based on economic theory, we analyze the course of soccer matches using data from the German Bundesliga from 1999 to 2009. The results show that sending-offs...

It is widely acknowledged that derbies between two teams from the same city or region catch more public attention than "normal" soccer matches. Terms such as "Old Firm" (Rangers vs. Celtic), "Merseyside" (Liverpool FC vs. Everton FC), "Supercla' sico" (Boca Juniors vs. River Plate), and...

Derbies between two teams from the same city or region catch more public attention than "normal'' soccer matches. Terms such as "Old Firm" (Rangers vs. Celtic), "Merseyside" (Liverpool FC vs. Everton FC), "Superclásico'' (Boca Juniors vs. River Plate), and "Revierderby" (Dortmund vs. Schalke)...

Der "überregulierte" deutsche Arbeitsmarkt gilt als eine der Hauptursachen für die diagnostizierte Standortschwäche. Im vorliegenden Beitrag wird ein realoptionstheoretischer Ansatz gewählt, um den Einfluss von Arbeitsmarktregulierungen auf Standortentscheidungen zu analysieren. Die...

At a time of intensifying uncertainty, managerial flexibility to adapt to changes in the economic environment is increasingly important. Different business loca-tions, it is frequently argued, offer this flexibility to differing degrees, and labour market regulations are held to be one essential...