Many auctions and procurement contests entail nontrivial bidding costs, which makes the bidders' participation decisions endogenous to the auction design. We analyze the effect of different auction rules on potential bidders' incentives to participate. We focus on first-price auctions with...

Rank-rank regression is commonly employed in economic research as a way of capturing the relationship between two economic variables. It frequently features in studies of intergenerational mobility as the resulting coefficient, capturing the rank correlation between the variables, is easy to...

We analyze the importance of the educated class for the persistence of mass consumption societies in an economy with a hierarchy of needs.Through the demand for managerial talent (which is needed to operate advanced industrial technologies), the latter generate their own demand for skills. In...

Job displacement causes large and persistent earnings losses. We document that these losses exhibit a U shape over the life cycle: young and old workers experience greater drops than mid-career workers. We develop a simple search model with human capital accumulation and deterioration that...

Falk Bretschneider und Christophe Duhamelle haben mit ihrem Artikel „Fraktalität. Raumgeschichte und soziales Handeln im Alten Reich“ einen theoretisch unterlegten Entwurf vorgelegt, die Geschichte des Alten Reiches neu als „Raumgeschichte“ zu begreifen und zu schreiben. Dieser Entwurf...