1. Refereed Journal // 2025

    Inequality of opportunity and intergenerational persistence in Latin America

    How strong is the transmission of socio-economic status across generations in Latin America? To answer this question, we first review the empirical literature on intergenerational mobility and inequality of…

  2. Discussion and Working Paper // 2025

    Looking for Innovation Beyond the Patent System: Evidence from Research Disclosures

    We study the content, novelty, and value of defensive publications relative to patents. We use a large language model (LLM) to apply the cooperative patent classification (CPC) system to a set of defensive…

  3. Refereed Journal // 2025

    Industriepolitik in Europa

    Die Industriepolitik rückt zunehmend in den Fokus der deutschen und der europäischen Wirtschaftspolitik. In diesem Beitrag entwickeln Hanna Hottenrott, Roman Inderst, Eckhard Janeba, Klaus Schmidt, Achim Wambach…

  4. Discussion and Working Paper // 2025

    Effective Regulation and Firm Compliance: The Case of German Privacy Policies

    This paper explores the interaction between the enforcement of and compliance with difficult-to-enforce rules in the context of data regulation. We focus on the effect of the introduction of the GDPR and its…

  5. Discussion and Working Paper // 2025

    Competition and the Strategic Disclosure of Innovation: Theory and Evidence from Patent Applications

    We develop a duopoly signaling model in which an innovative leader strategically announces a pending patent application to influence the follower’s behavior, both in the product market (in the short run) and in…