Whereas this year has already seen the full effectiveness of the constitutional debt cap on a national level, the debt brake won't be binding for the federal states until 2020. In contrast to the debt cap on…
The Brexit referendum and the decision of British voters to leave the EU have sparked a comprehensive debate on the future of European integration. A key issue in this debate is the appropriate division of…
We compare auctions with bidder qualification before or after the bidding process. We show that although post-auction qualification is more efficient, the auctioneer prefers pre-auction qualification when…
