Vertical integration of electricity distribution network operator and electricity supplier is a key issue in European energy markets, in particular since the European Commission (EC) has initiated a sector…
German electricity submarkets for residential customers have been liberalized by the end of the 1990s. Since then a large number of new providers has entered former monopolistic markets, which are first and…
Although the pricing dynamics of hardcore cartels have been studied intensively from a theoretical perspective, empirical evidence is still rare. We combine publicly available data with a unique private data set…
Cartel detection is usually viewed as a key task of either competition authorities or compliance officials in firms with an elevated risk of cartelization. We argue that customers of hard core cartels can have…
The aim of this study is to assess the contributions of investment banking to productivity and growth of the German economy. To this end we will analyse both the economic benefits and the risks stemming from…
In this study we will carry out an extensive review of existing impact studies, taking into account studies from various sources. We will consider the following legislative measures: taxation of banks and the…
We study how the shadow economy affects pollution and how this effect depends on corruption levels in public administration. Production in the shadow economy allows firms to avoid environmental regulation…
Many natural resources involve threshold effects. Using these resources beyond a tipping point can have disastrous consequences for the environment and human well-being. Prominent examples are related to…
Academic institutions are an important component of the public agricultural research system in many countries. According to the "open science" model of research, these institutions produce new knowledge,…