The US-President Donald Trump has signed an executive order which directs the US Treasury department to revise financial regulation, especially the Dodd-Frank Act. Critics are afraid that this will cause inconsistencies in global regulation and weaken the EU’s financial centres. This article...

Die deutsche Wirtschaft blickt der Amtszeit des neuen US-Präsidenten Donald Trump mit gemischten Gefühlen entgegen. Die Vorteile für die deutsche Wirtschaft, die aus den geplanten Steuersenkungen und dem Infrastrukturprogramm zu erwarten sind, dürften bei weitem durch die Gefahren...

Donald Trump is now the 45th president of the USA. Behavioral economics can explain why he was successful even though his positions are somewhat controversial. Furthermore, his success raises critical implications for Europe’s next elections. Some of the main reasons for the success of...

Although European economic history provides essentially no support for the view that education of the general population has a positive causal effect on economic growth, a recent paper by Becker, Hornung and Woessmann (Education and catch-up in the Industrial Revolution, 2011) claims that such...

This paper analyzes the determinants behind the spatial distribution of the sex industry in Thailand. We relate the development of the sex industry to an early temporary demand shock, i.e., U.S. military presence during the Vietnam War. Comparing the surroundings of Thai military bases used by...

In this paper, we study self-employment in a theoretical setting derived from wage-efficiency spatial models, where leisure and effort at work are complementary. We develop a spatial model of self-employment in which effort at work and commuting are negatively related, and thus the probability...

In this paper, we propose a new spatial framework to model excess commuting of workers and we show empirical differences between the self-employed and employees in the US. In a theoretical framework where self-employed workers minimize their commuting time, employees do not minimize their...