Mit der zunehmenden Verbreitung von e-Learning an Hochschulen ist einhergehend einewachsende Intransparenz bezüglich vorhandener Inhalte und Plattformen festzustellen. Das ander Universität Münster entwickelte e-Learning Repository share.loc zeigt einen Ausweg ausdiesem Dilemma auf, indem an...

In Russia, the problem of corporate governance has become a frequent subject fordiscussion. Stories now abound about questionable corporate governance practices, suchas share dilution, asset stripping, transfer pricing, complex ownership structures, limitingshareholders from attending the...

This paper studies whether the poorest and most indebted countries receive aid in the form of grants rather than loans. By studying bilateral aid flows to low- and middle-income countries between 1975 and 2005, the paper provides evidence on the determinants of the grant component of aid flows....

Several countries practice a system where laymen, who lack legal education, participate in the judicial decision making. Yet, little is known about their potential influence on the court rulings. In Sweden lay judges (namndeman) are affiliated with the political parties and appointed in...

We present new evidence on how generalized trust is formed. Unlike previous studies, we look at the explanatory power of economic institutions, we use newer data, we incorporate more countries, and we use instrumental variables to handle the causality problem. A central result is that legal...

What is ethics and how is it related to the legal system and to economics? Are there ethical values in Jewish Law, and could it be that we find in the writing of Hazal [the sages] an interest in job turnover? The purpose of this paper is to answer to those questions by focusing on a specific...

This paper analyzes the effects of the revolving door, focusing not only on the relationship between regulators and firms, but analyzing whether regulating the revolving door is optimal from the point of view of society. This paper examines the tradeoff between these two elements linked to the...

We consider a multi-period rational expectations model in which risk-averse investors differ in their information on past transaction prices (the ticker). Some investors (insiders) observe prices in real-time whereas other investors (outsiders) observe prices with a delay. As prices are...