Departing from communism, East Germany witnessed history’s most extensive privatization program. While the program sparked global interest as a blueprint for economic transformation, its effectiveness remains…
Productivity growth in the advanced economies has been slowing down for some time. This is surprising insofar as large-scale technological impulses are expected as a result of the digital revolution. An analysis…
Smoking bans have been widely implemented, despite mixed evidence on their effectiveness in reducing smoking prevalence. This paper provides novel insights into the dynamic impacts of smoking bans in the context…
Clustered bids and a missing mass of nearly tied bids have both been proposed as markers of collusion. We present causal empirical evidence from an actual pro- curement cartel that bidding involves both…
This paper shows that nineteenth-century industrialization is an essential determinant of the pronounced changes in economic prosperity across German regions over the last 100 years. Using novel data on economic…
