We present a simple model, illustrating how democracy may improve the quality of the economic institutions. The model further suggests that institutional quality varies more across autocracies than across…

Employment responses to the COVID-19 crisis differed widely across German local labour markets at the beginning of the pandemic, with differences in short-time work rates of up to 20 percentage points. We show…

We analyze the problem of a buyer who chooses a supplier for a two-period production project. The buyer lacks the commitment not to renegotiate the contractual terms in the second period. The prospect…

In an artefactual field experiment with a large and heterogeneous non-student population sample, we test the implications of social norms for market interactions associated with negative real- …

We study differences in the returns to R&D investment between German manufacturing firms that sell in international markets and firms that only sell in the domestic market. Using firm-level data for five…

This study exploits fine-grained survey data to elicit firms’ long-term expectations about the use of working from home (WFH) arrangements after the COVID-19 pandemic. From December 2021 until January 2022, the…