This paper demonstrates that the standard conclusions regarding the comparison of Cournot
and Bertrand competition are reversed in a vertically related market with upstream monopoly …

Substantial policy effort is devoted to stimulate environmentally friendly technology through
regulation and subsidies. Since innovation is a crucial productivity driver, a potential …

The aggregate German economy is characterized by a secular decline of manufacturing and
a rise of modern service industries. This trend of structural change is not uniform across …

The paper reports the results of an experiment where asymmetric sellers of a product can
obfuscate the market. We show that policy measures may have unintended effects of …

We study joint marketing by firms who price discriminate between consumers who patronize
only one firm (single purchasers) and those who purchase from both (bundle purchasers) …

In contradiction to expected utility theory, various studies find that splitting events or
attributes into subevents and subattributes can reverse a decision maker's choices. Most …

This study examines the relevance of non‐executive outside directors with multiple
directorships for corporate governance building on a large panel of European listed firms in …

We analyze the welfare effects of structural remedies on merger activity in a Cournot
oligopoly if the antitrust agency applies a consumer surplus standard. We derive conditions …

We investigate how third-party punishers and potential violators decide under evidentiary
uncertainty in a take game. In line with the legal requirement and in contrast to economic …

We analyze the incentives to collude when brand manufacturers compete with a private
label producer of inferior quality. Full collusion is easier to sustain than partial collusion from …