We estimate a dynamic structural model of labor supply, retirement, and informal care supply, incorporating labor market frictions and the German tax and benefit system. We find that in the absence of Germany’s…
Um die Finanzierung des Rentensystems bei zunehmender Erhöhung des Alters in der Gesellschaft zu stabilisieren und den Fachkräftemangel zu verringern, werden immer wieder Erhöhungen des Renteneintrittsalters…
I consider a repeated auction setting with colluding buyers and a seller who adjusts reserve prices over time without long-term commitment. To model the seller’s concern for collusion, I introduce a new…
Co-investment, often seen as a remedy for agency problems, may incentivize managers to cater to own preferences. We provide evidence that mutual fund managers with considerable co-investment stakes alter…
We compare the outcomes of the most prominent strategy-proof and stable algorithm (Deferred Acceptance, DA) and the most prominent strategy-proof and Pareto optimal algorithm (Top Trading Cycles, TTC) to the…
Based on panel data on around 5500 German households, this article analyzes whether the experience of financial losses due to the Corona pandemic has affected three kinds of personal traits and preferences: the…
Marktdesign oder auch die Kunst, gut funktionierende Märkte aktiv zu gestalten. Wie kann das erreicht werden? Dieser Frage widmet sich der Forschungsbereich „Marktdesign“ am ZEW Mannheim und untersucht, wie die…
