Deutschland erlebt derzeit einen erheblichen Rückgang seines Produktionspotenzials. Wesentliche Ursache ist die demografische Alterung und insbesondere der Eintritt der geburtenstarken Jahrgänge (Baby-Boomer) in den Ruhestand. Das verfügbare Arbeitsvolumen wird darüber hinaus durch niedrige...

Immer wieder werden die sinkenden Stromgestehungskosten erneuerbarer Energien herangezogen, um zu argumentieren, dass die Stromkosten in Deutschland sinken werden. Die Stromgestehungskosten stellen jedoch keine belastbare Grundlage für die Einschätzung der zukünftigen Stromkosten dar....

Aus Anlass des 80. Geburtstags des Buchs "Der Weg zur Knechtschaft" von F. A. Hayek haben Veronika Grimm, Stefan Kolev und Jens Weidmann auf dessen Kernbotschaften aufmerksam gemacht. Dabei relativieren sie den Ideologievorwurf, der dem Buch gemacht wird, indem sie in Frageform evidenzbasierte...

The Russian war of aggression against Ukraine since 24 February 2022 has intensified the discussion of Europe's reliance on energy imports from Russia. A ban on Russian imports of oil, natural gas and coal has already been imposed by the United States, while the United Kingdom plans to cease...

Sanctions and their effectiveness are at the centre of the discussion about an appropriate response to Russia’s war of aggression against Ukraine. At the latest since the atrocities of the war became evident and payment for gas supplies in roubles was brought into play, voices calling for a...

This paper assesses the possible development of government interest expenditures as a share of GDP for Germany, France, Italy and Spain. Until 2021, these and other member states could anticipate a further reduction of interest expenditure in the future. This outlook has changed considerably...

The third generation UMTS auction in Gremany raised an enormous amount of revenue, and the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...

We conduct multi-person one-shot ultimatum games that reflect important aspects of collective bargaining. In all treatments a proposer has to divide a pie among herself and two groups of three recipients each. She cannot discriminate within, but across groups. A committee with representatives...