Increasing competition in science and higher education has sparked contentious debate and scholarly attention in recent years. Despite their significant merits, prevailing accounts of competition fall short of…
This paper replicates and extends the framework of Guzman and Stern (2020) to examine the evolution of entrepreneurial activity in Europe, focusing on France, Germany, and the United Kingdom between 2009 and…
In an asymmetric-regulation model, a firm can comply with two regulatory targets, and a regulator can audit the firm to verify compliance. Inspection by the regulator is imperfect, and it assesses the firm’s…
Wie sieht unser Gesundheitssystem der Zukunft aus? Wie gestaltet man sinnvolle Innovationspolitik? Und wie können wir nachhaltige Energieversorgung sicherstellen, wenn sich die wirtschaftlichen und…
Many business relationships begin with informal interactions and later transition to formal contracts. Using a repeated-games model with a finite horizon, we show that this hybrid-contracting approach can both…
