Parental investments are crucial for the children’s skill development, especially in the early years of the life-cycle. In this paper, we examine how parental health, which may cause variation in investments to…
We examine variations in the South-North ratios (emerging vs. industrialized countries) of energy and labor intensities driven by imports. We use the novel World Input-Output Database (WIOD) that provides…
Merger control has become an important part of antitrust policy in many countries around the world. In an ex-ante assessment of horizontal mergers, antitrust authorities typically have to investigate whether the…
Most competition law enforcement systems are based on two enforcement pillars: public enforcement and private enforcement. While private enforcement is often treated as something new or at least marginally…
We study the consumer welfare effects of mergers in airline networks. Based on the development of a general classification of affected routes, we apply a difference-indifferences approach to exemplarily…
Households do not follow the finance industry's model of a homo oeconomicus - a rational planner. To the contrary, their financial decisions are influenced by character traits (e.g. self-control), (a lack of)…
This paper studies popular macroeconomic factors based on the gross domestic product (GDP) in a unified framework. Based on theoretical reasons, aggregate GDP as a measure of fundamental risk is an obvious risk…
In some cases, linking of policies for the provision of international public goods can increase welfare on a global scale. One example is the international linking of national policies for the reduction of…
