Reforms of financial regulation after the crisis of 2007-2009 raise the question of what is the relation between financial regulators and competition authorities. Should competition authorities play a role in financial regulation? Should they co-operate with financial regulators? Or should they...

Against the background of growing discontent over excessive leniency of US and EU competition policy, this article argues that the policy displays characteristics corresponding to those that brought about the social capture of financial policy co-responsible for the late 2000s global crisis. The...

The global financial crisis (GFC) led to increasing distrust in economic research and the economics profession, in the process of which the current state of economics and economic education in particular were heavily criticized. Against this background we conducted a study with undergraduate...

The question of whether lawyers and managers behave selfishly or fairly has inspired discussion for a long time. Empirical evidence, however, is sparse. Using data from an experiment with 359 law and business administration students, we investigate this question empirically and provide first...

Sir Lawrence Olivier prefaces his acclaimed 1948 film version of Hamlet with a description of the prince as “a man who could not make up his mind.” Such a description renders the Danish brooder almost anti-economic: an inability to choose typically is banished axiomatically from choice...

Following the standard (acquisition of control) merger logic, merger control regimes have typically treated horizontal minority shareholdings as a matter of coordinated effects. As in a standard horizontal merger case, the transaction implies full control of the target firm and joint profit...

Since five years now, the financial crisis dominates the EU agenda. What started as the tail of the US subprime crisis turned into a “systemic” issue with the freezing of the wholesale funding market subsequent to Lehman Brothers' filing for Chapter 11 protection on September 15, 2008 (at...