Human capital investments of firms impose the risk that outsider firms poach trained worker because, in contrast to real capital investments, firms do not have the right of disposal for human capital…
Cartel agreements between firms typically aim at reducing competition and increasing joint profits. Due to the fact that such agreements regularly cause substantial economic harm in the form of, e.g., elevated…
Using bidding data on a firm-level basis which we received from the German Federal Network Agency (Bundesnetzagentur) we analyze a drastic price increase in the market for negative secondary reserve power in…
Contributions to Edited Volumes and Conference Proceedings
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2013
The budgetary problems of many governments which emerged as a consequence of the economic and financial crisis are on top of the political agenda. Simultaneously to the increasing debt levels, investors demanded…
There is an intensive debate among academics as well as policymakers on which of the two options of unbundling, either ownership unbundling or non-discriminatory third party access, is more appropriate to foster…
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…
