In this paper, we study the extent to which ministers engage in regional favoritism. We are
the first to provide a comprehensive analysis of a larger set of the governing elite, not just
focusing on the primary…

• Konjunkturerwartungen steigen weiter bei stabiler Lageeinschätzung
• Eurozone: Verbesserte Erwartungen bei verschlechterter Lageeinschätzung
• USA: Sinkende Inflation lässt auf sinkende Zinsen hoffen
• China:…

This paper shows that the American Inventor’s Protection Act, which introduced the disclosure of patent applications after 18 months, i.e. before a grant decision is taken and, hence, before it is known whether…

In markets where sellers’ marginal costs of production have a common component, they have informational advantage over buyers regarding those costs. This information asymmetry between sellers and buyers is…

This paper investigates whether the impact of trade shocks on employment and wages persists across generations. Using survey data with retrospective information on parental employment, we study the causal effect…