We analyze the best price clauses (BPCs) of online travel agents (OTAs) using meta-search price data of nearly 30,000 hotels in different countries. We find that BPCs influence the pricing and availability of…

• Economic Outlook for China Experiences Dramatic Drop
• 38 analysts participated in the March survey, which was conducted during the period 22 February till 7 March 2018

Among available policy levers to boost innovation, investment in applied research organisations has received the least attention. In this paper, we analyze the case of the Fraunhofer Society, the largest public…

The debate over the next EU budget is already heating up. In early May the European Commission will publish its proposal for the Multiannual Financial Framework (MFF) for the years 2021-2027. Agricultural…

Bidding in first-price auctions crucially depends on the beliefs of the bidders. We analyze bidding behavior in a first-price auction in which the knowledge of the bidders about the distribution of the values…

I investigate the decision problem which arises in a game of incomplete information under two different types of uncertainty - uncertainty about other players’ type distributions and about other players’…

With the exception of Greece, Italy is the Eurozone country with the highest debt-to-GDP ratio (132 per cent). In absolute terms, the country accounts for almost one quarter of all government debt in the…