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…

Germany has become the second-most important destination for migrants worldwide. Using all waves from the microcensus, we study their labour market integration over the last 50 years and highlight differences to…

This paper shows that angel investor grants encourage new investors to enter the risk finance market, where they syndicate investments with other investors. We argue that this results from the high cost of…

We assess the impact of discrimination on Black individuals’ job networks across the U.S. using a two-stage field experiment with 400+ fictitious LinkedIn profiles. In the first stage, we vary race via…

Rapid technological developments in online markets fundamentally change the relationship between consumers and sellers. Online platforms can easily gather data about consumers’ search behavior, allowing for…

Climate change increasingly affects businesses in many ways. This paper analyses the link between the way and extent a firm faces economic consequences of climate change on the one hand, and the firm's…