We argue that competition in higher education improves efficiency only if a number of restrictive conditions are fulfilled. We expose their restrictiveness, and we argue that such conditions are unlikely to be fulfilled in Germany or elsewhere in mainland Europe. We believe that claims that...

Professional sports leagues in Europe and the United States exhibit many differences. Among others such as the existence of mechanisms providing dis- incentives for spending (e.g. salary caps) the fundamental difference is the organizational arrangement of clubs and the governing body of the...

Vorliegendes Arbeitspapier diskutiert die Spielermarktregulierung.

The paper presents an economic explanation of country-specific higher education patterns among topmanagers based on a signaling approach. Starting from Ar-row's hypothesis that higher education functions as a filter for human capital, we discuss three alternative filter-designs, which can be...

This paper analyses the short- to medium-term determinants of demand for professional team sports. Focusing on the economically important demand for TV broadcasts in this area, Dietl/Franck/Roy enter territory that is mostly unexplored by sports economists so far. (...)

Der Beitrag widmet sich der Frage, ob der Markt für feine Bordeauxweineinformationseffizient ist. Wir finden deutliche Hinweise dafür, dass der Markt für die von uns untersuchten Weine nicht informationseffizient ist.

In spite of Microsoft´s quasi monopoly position in the market for operating systems Linux has succeeded to become a serious competitor of Microsoft Windows. From an economic standpoint this fact raises some puzzles.(...)

Due to specific production conditions consultancies have advantages overfirms from other industries in assessing the quality of human capital. But only topmanagementconsulting firms will economize on these advantages by offering filtering services to the labor market .

Which are the basic strategic options of young scientists in the process of scientific competition? Which are the basic structural conditions influencing the outcome of strategic actions? What strategic choices should be made depending on given structural conditions? In thispaper we approach...