Skills shortage has become a key policy issue in highly developed and innovation-oriented economies, with non-negligible consequences on firms’ innovation activities. We investigate the effect of skills shortage…
Klimawandel, Artensterben, Energie- und Rohstoffmangel sind globale Herausforderungen, die unmittelbar mit unserer Wirtschaftsweise verbunden sind. Sie betreffen unser Dasein im Kern und gefährden die…
We estimate a dynamic structural model of labor supply, retirement, and informal care supply, incorporating labor market frictions and the German tax and benefit system. We find that in the absence of Germany’s…
Um die Finanzierung des Rentensystems bei zunehmender Erhöhung des Alters in der Gesellschaft zu stabilisieren und den Fachkräftemangel zu verringern, werden immer wieder Erhöhungen des Renteneintrittsalters…
I consider a repeated auction setting with colluding buyers and a seller who adjusts reserve prices over time without long-term commitment. To model the seller’s concern for collusion, I introduce a new…
Co-investment, often seen as a remedy for agency problems, may incentivize managers to cater to own preferences. We provide evidence that mutual fund managers with considerable co-investment stakes alter…
We compare the outcomes of the most prominent strategy-proof and stable algorithm (Deferred Acceptance, DA) and the most prominent strategy-proof and Pareto optimal algorithm (Top Trading Cycles, TTC) to the…