This paper studies the effect of forward contracts on the stability of collusion among firms, competing in supply functions on the spot market. A forward market can increase the range of discount factors which…

• EU-Emissionshandel – Reformen mit Erfolg
• Versorgungssicherheit insgesamt stabil, für Strom und Öl langfristig sinkende Prognose

We investigate how the introduction of an Active Choice requirement influences subject proclivity to contribute to an impure public good in one time and repeated interactions. In a large-scale field experiment,…

• Germany Least Attractive Location for Taxing Digital Business Models
• German Innovation-Oriented Sectors Struggle to Fill Vacancies with Qualified Staff
• “Significant Coordination Problems May Be Encountered…

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• Economic Expectations for China Increase Slightly, But Economic Outlook Still Weak
• 22 analysts participated in the January survey, which was conducted during the period 9 till 24 January 2019

This review summarizes the empirical literature on the effects of natural disasters and weather variations on international trade flows. A first result is that the body of literature is actually not as small as…

• Konjunkturerwartungen für Deutschland steigen leicht – Negativer Ausblick bleibt bestehen
• Eurozone: Konjunkturlage verschlechtert sich erneut
• USA: Pessimistischer Ausblick bei noch guter Lage
• Japan:…