Does large-scale refugee immigration affect crime rates in receiving countries? We address this question based on the large and unexpected refugee inflow to Germany that peaked in 2015–2016. Arriving refugees…

Increases in youth vaping rates and concerns of a new generation of nicotine addicts recently prompted an increase in the federal minimum legal purchase age (MLPA) for tobacco products, including e-cigarettes,…

Health expenditure data almost always include extreme values, implying that the underlying distribution has heavy tails. This may result in infinite variances as well as higher-order moments and bias the…

In this paper, we study the extent to which ministers engage in regional favoritism. We are
the first to provide a comprehensive analysis of a larger set of the governing elite, not just
focusing on the primary…

Is work overload a friction to public agencies? Using data on R&D procurements, patents, and contracting units from a US federal agency, we investigate how officer workload impacts innovation procurement…

• Konjunkturerwartungen steigen weiter bei stabiler Lageeinschätzung
• Eurozone: Verbesserte Erwartungen bei verschlechterter Lageeinschätzung
• USA: Sinkende Inflation lässt auf sinkende Zinsen hoffen
• China:…

This paper shows that the American Inventor’s Protection Act, which introduced the disclosure of patent applications after 18 months, i.e. before a grant decision is taken and, hence, before it is known whether…

In markets where sellers’ marginal costs of production have a common component, they have informational advantage over buyers regarding those costs. This information asymmetry between sellers and buyers is…