This volume addresses the attractiveness of financial centers with a primary focus on the mutual fund industry. It uses different empirical analysis approaches in an attempt to disentangle the reasons for…

Models of competition for the market with endogenous market structures show that, contrary to the Arrow view, an endogenous entry threat induces the average firm to invest less in R&D and the incumbent leader to…

In Deutschland gilt die gesetzliche Schulpflicht für Kinder mit Erreichen des sechsten Lebensjahres. Die Einschulung gemäß dem feststehenden Stichtag im August oder September führt jedoch dazu, dass manche…