Size matters in banking. In this paper, we explore whether shocks originating at large banks affect the probability of distress of smaller banks and thus the stability of the banking system. Our analysis proceeds in two steps. In a first step, we follow Gabaix (2008a) and construct a measure of...

Size matters in banking. In this paper, we explore whether shocks originating at large banks affect the probability of distress of smaller banks and thus the stability of the banking system. Our analysis proceeds in two steps. In a first step, we follow Gabaix (2008a) and construct a measure of...

The present contribution examines whether and how young firms and incumbents differ with regard to selected aspects of work forms and work organization in order to assess their roles for the qualitative changes of work in industrialized countries. Conceptually, we emanate from the approach of...

The present contribution addresses the question whether and how qualitative aspects of employment---like weekly hours of work, wages or qualification---differ between new and established firms. Although a wide strand of literature in entrepreneurship research analyses the employment effects of...

A key feature of the knowledge-based economy is a remarkable increase in the number of knowledge intensive business service firms (KIBS). KIBS are based upon highly specialised knowledge and they acquire knowledge in the course of the interaction process that takes place whilst they provide...

Legislative bargaining theory suggests that fiscal transfers among member states of a federation are determined to a substantial degree by political bargaining powers. Malapportionment of the states' population in the legislature is claimed to lead to disproportionally higher benefits of...