Die Arbeit stellt eine erste theoretische Analyse der Wirksamkeit und möglicher Probleme einer marktbasierten Eigenkapitalregulierung in Form einer regulatorischen Nachschusspflicht dar. Hart und Zingales (2011) schlagen vor, dass Finanzinstitute zusätzliches Eigenkapital aufnehmen sollen,...

Elisabeth Grewenig prepared this study while she was working at the Center for Economics of Education at the ifo Institute. The study was completed in March 2021 and accepted as doctoral thesis by the Department of Economics at the LMU Munich. It consists of five distinct empirical essays that...

Equality of opportunity is a principle of justice that is built on two fundamental ideas. On the one hand, outcome differences across individuals are unacceptable if they are rooted in factors that are beyond individual control. Examples of such circumstance characteristics are the biological...

This study was prepared by Annika B. Bergbauer while she was working at the Ifo Center for the Economics of Education. It was completed in March 2019 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in July 2019. It consists of four self-contained...

We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A project's cost is private information and its value for the designer may vary. In this allocation problem, the selection of projects - both which and how many - is endogenously...