We employ proprietary data from a large bank to analyze how – in times of crisis – depositors react to a bank nationalization, re-privatization and an accompanying increase in deposit insurance. Nationalization…
The SARS-CoV-2 pandemic has made all the more clear that public health is a public good. Public health interventions try to encourage contributions to this public good. Digital public health interventions are…
This paper analyzes a market in which two horizontally differentiated firms compete by setting menus of two-part tariffs, and in which some consumers are not informed about the linear per-unit price component.…
We describe a new mechanism - what we call a booster draft - for allocating multiple, indivisible objects among a group of individuals. The mechanism’s appeal lies in its strategy-proofness and simplicity:…
In current forecasts of learning and income losses due to corona-related school closings, the short school years for the nationwide standardization of the start of the school year and the extension of compulsory…
Although natural hazard insurance is advocated as an important means of risk management, private insurance demand often remains below critical levels. Prior loss experience and the design of governmental relief…
Since March 2020, the Eurosystem has been purchasing government bonds under the Pandemic Emergency Purchase Programme (PEPP). The PEPP was set up as a non-standard policy measure to encounter the economic…