Do good or bad borrowers pledge more collateral?

Valuation of Bond Illiquidity. An Option-Theoretical Approach

Bewertung von Anleihen bei potentieller Zahlungsunfähigkeit

JEL classification: G12, G13, G33

When Does Single-Source Versus Multiple-Source Lending Matter?

Keywords: Economic equilibrium, Issues, Loans, Public finance

Hedging Long-Term Forwards with Short-Term Futures - A Two-Regime Approach

Keywords: long-term forwards - hedging - Metallgesellschaft case - two-regime pricing
JEL classification: G13, G30

Banking Regulation and Financial Accelerators: A One-Period Model with Unlimited Liability

JEL classification: G21, G28

Bewertung von Anleihen bei potentieller Zahlungsunfähigkeit

JEL classification: G12, G13, G33

Bond Portfolio Optimization: A Risk-Return Approach

JEL classification: G11, G13

Empirical Exercise Behavior of Warrant Holders and its Consequences for Warrant Values

Keywords: Early exercise; late exercise; option pricing; transaction costs; Monte Carlo simulation
JEL classification: G12, G13, G32

Optimal Debt Service: Straight vs. Convertible Debt

Keywords: Convertible Consol Bond, Default Strategies
JEL classification: C72, G12, G32

When Does Single-Source Versus Multiple-Source Lending Matter?

Keywords: Economic equilibrium, Issues, Loans, Public finance

Optimal Exercise Strategies for Corporate Warrants

Keywords: Warrants, Exercise Strategy, Option Pricing, Financial Structure
JEL classification: G12,G13,G32

Valuation of Convertible Bonds when Investors Act Strategically

Keywords: Convertible bonds: markets, motives, and traditional valuation - General framework for the analysis of convertible bonds - Optimal conversion strategies and valuation of convertible bonds at and before maturity - Comparison of the results of three conver
JEL classification: G12, G13, G30

Pflichtwandelanleihen: Bewertung und Aktienkursreaktion bei Emission

JEL classification: G12, G14, G30

Streben Unternehmen nach ihrem optimalen Rating? Theorie und Evidenz vom deutschen Kapitalmarkt

JEL classification: G14, G30

The Effects of Entrepreneurship Education

Managerial Succession and Organizational Performance

Returns to Private Equity - Idiosyncratic Risk Does Matter!

Reform der Einschränkung der Urheberrechte in Lehre und Forschung — Abschätzung von Zahlungsbereitschaften für flexibleren Zugang zu studienrelevanter Literatur

The duration of patent examination at the European Patent Office

Patent Validation at the Country Level - The Role of Fees and Translation Costs

The Economics of Knowledge Regulation: An Empirical Analysis of Knowledge Flows

Patent Thickets, Licensing and Innovative Performance

The Influence of Strategic Patenting on Companies' Patent Portfolios

How Does Owners' Exposure to Idiosyncratic Risk Influence the Capital Structure of Private Companies?

Benefits of Control, Capital Structure and Company Growth

Platform Ownership

Institutionalized Incentives for Ingenuity - Patent Value and the German Employees' Invention Act

Everything you always wanted to know about inventors (but never asked): Evidence from the PatVal-EU survey

accepted for publication

Tracing Mobile Inventors - The Causality between Inventor Mobility and Inventor Productivity

The Importance of Equity Finance for R&D Activity: Are there Differences between Young and Old Companies?

The Internalisation of Young High-Tech Firms

Internationale Trends der Forschungs- und Innovationspolitik

Project Choice and Risk in R&D

Is silence Golden? Patents versus Secrecy at the Firm Level

Managerial Ownership and Company Performance in German Small and Medium - Sized Private Enterprises

Technologietransfer im Vergleich - Eine Fallstudie

Optimal Patent Length and Height, Empirica, forthcoming

Vermögenspreise und Konsum

Revival of Aggregate Demand Policies

Ansteckungseffekte in einer Zinsfalle

Understanding the Digital Economy

The Optimal Regulation of Product Quality under Monopoly

A Survey on Moral Hazard, Contracts, and Social Preferences

Wage Indexation and Monetary Policy, Journal of Institutional and Theoretical Economics

Publicité limitée de l’information et sur-réaction aux annonces lors des épisodes spéculatifs

Optimal Degree of Public Information Dissemination

Optimal Contracts under Inequity Aversion

Keywords: Contract theory; linear contracts; incentives; sufficient statistics result; inequity aversion
JEL classification: D23, D63, J31, J33, M12, Z13

A Model of Delegation in Contests

Keywords: Strategic Delegation; Rent Seeking; Arms Races; Distributional Conflict
JEL classification: D72, D73, D4, P16

The Chopstick Auction: A Study of the Exposure Problem in Multi-Unit Auctions

Keywords: Chopstick auction; Exposure problem; Laboratory experiment; Second-price sealed-bid auction
JEL classification: C9, D44

Spectrum Auctions and Competition in Telecommunications

Asset Prices and Monetary Policy, Comment on: Carsten Detken, Frank Smets: Asset Price Booms and Monetary Policy

Financial Fragility, Bubbles, and Monetary Policy

CESifo Economic Studies

The Theory of Global Games on Test: Experimental Analysis of Coordination Games with Public and Private Information

Keywords: Coordination game, global game, payoff dominance, private information, public information, risk dominance, speculative attack, strategic uncertanity
JEL classification: C72, C91, D82, E58

Nachfragestimulierung statt Strukturreform - mit gebührenfreiem Rezept aus der deutschen Krise?

Geldpolitik in den USA - Die Fed in der Zinsfalle?

Die Theorie globaler Spiele: Private Information als Mittel zur Vermeidung multipler Gleichgewichte

Keywords: global games, Informationspolitik, Koordinationsspiele, multiple Gleichgewichte, Netzwerkeffekte, private Information, öffentliche Information, refinements, spekulative Attacken
JEL classification: C72, D82, E58

Optimal Risk Taking and Information Policy to Avoid Currency and Liquidity Crises

Keywords: coordination game, multiple lenders, private information, public information, speculative attacks, transparency
JEL classification: D82, F31, G33

Herding and Contrarian Behavior in Financial Markets: An Internet Experiment

Keywords: Herding, Contrarian Behavior, Experiment, Internet
JEL classification: C92, D8, G1
together with A5

In Search of Workers' Real Effort Reciprocity - A Field and A Laboratory Experiment

Learning Direction Theory and the Winner’s Curse

Keywords: experimental economics, learning, individual decision making
JEL classification: C91, D81, D83

Neutral versus Loaded Instructions in a Bribery Experiment

Herding and Contrarian Behavior in Financial Markets - An Internet Experiment

Learning to Like What You Have - Explaining the Endowment Effect

Why People Reject Advantageous Offers – Non-monotone Strategies in Ultimatum Bargaining (Evaluating a Video Experiment Run in PR China)

Keywords: ultimatum game, video experiments, strategy method, content analysis, non-monotonic strategies, social preferences
JEL classification: C78, C81, C91, C92, F00, O53, O5

Interactive Unawareness

GLAD: A simple adaptive strategy that yields cooperation in dilemma games

Herding with and without Payoff Externalities - An Internet Experiment

Keywords: information cascades, herding, network effects, reputation, experiment, internet
JEL classification: C92, D8
together with A5

Dynamic Merger Review

Product Market Competition and Lobbying Coordination in the U.S. Mobile Telecommunications Industry

Vertical Merger, Collusion, and Disruptive Buyers

Competition for Scarce Resources

Advance-Purchase Discounts as a Price Discrimination Device

Measuring the Deterrence Effect of Competition Policy: The Competition Policy Indexes

Can China benefit from adopting a binding emissions target?

Learning Dynamics in Research Alliances: A Panel Data Analysis

A model of technological breakthrough in the renewable energy sector

Regulatory Entry Barriers and Entrants' Performance

How Does Entry Regulation Influence Entry into Self-employment and Occupational Mobility?

The Political Economy of Mobile Telecommunications Liberalization: Evidence from the OECD Countries

The Impact of Horizontal Mergers on Rivals: Gains to Being Left Outside a Merger

Lending Decisions of Cooperative Banks, Private Credit Banks and Savings Banks: An Empirical Analysis of Subsidized Loans for Young and Small Firms

A Short Overview of a Methodology for the Ex-Post Review of Merger Control Decisions

Welfare in Differentiated Oligopolies with more than Two Firms

The Effects of Entry on Incumbent Innovation and Productivity

Lending by Cooperative Banks, Private Credit Banks and Saving Banks: An Emirical Analysis of Subsidized Loans for Young and Small Firms

Settle for Now but Block for Tomorrow: The Deterrence Effects of Merger Policy Tools

Domestic Rivalry and Export Performance: Theory and Evidence from International Airline Markets

All Equilibria of the Vickrey Auction

together with A3

Buyers' Alliances for Bargaining Power

together with A3

The impact of ISO 9000 Diffusion on Trade and FDI: A New Institutional Analysis

Weniger und effektiv: Ökonomische Prüfverfahren könnten die EU - Beihilfenkontrolle stärken

Market Conduct and Endogenous Lobbying: Evidence from the U.S. Mobile Telecommunications Industry

Why Firms form (or don’t form) RJVs

Noch nicht Optimal: Die Wirkung von Auflagen in EU- Fusionskontollverfahren

Merger Remedies

Efficiency Gains from Mergers

The Impact of the New Substantive Test in European Merger Control

Complementarity in Innovation Policy

JEL classification: L5, 031, 038

EU Merger Remedies: An Empirical Assessemt

Keywords: Merger Control, Remedies, European Commission, Event Studies
JEL classification: L4, K21, C12, C13

Der ökonomische Ansatz in der europäischen Wettbewerbspolitik

Ökonomische Analyse des Begriffs "significant impediment to effective competition"

Ökonomische Analyse in der EU Wettbewerbspolitik

European State Aid Control: an economic framework

Analyse von Abhilfemaßnahmen im EU-Fusionsverfahren

Economic Analysis and Competition Policy Enforcement in Europe

On the Workings of a Cartell: Evidence from Norwegian Cement Industry

Export Orientation and Domestic Merger Policy: Theory and Some Empirical Evidence

Keywords: merger-policy, international-effects, open-economy
JEL classification: L40, L00

Industry Trade-Balance and Domestic Merger Policy: Empirical Evidence from U.S. Merger Policy for Manufacturing Sectors

JEL classification: L40, F10

The Transatlantic Antitrust Dialogue

The Office of the Chief Competition Economist

Consumer Surplus vs. Welfare Standard in a Political Economy Model of Merger Control

Editors' Introduction

Bundling of Social and Private Goods and the Soft Budget Constraint

Provision of Social Goods and Soft Budget Constraints

Keywords: Dynamic Efficiency, Transitional Economy, Soft Budget Constraint, Social Goods, Subsidy
JEL classification: L13, L30

Endogenous Costs and Price-Cost Margins

The Political Economy of European Merger Control: Evidence Using StockMarket Data

Keywords: Merger Control, Event Studies, Lobbying, EU
JEL classification: L4, K21, C12, C1

A Political Economy Model of Infrastructure Allocation: An Empirical Assement

Entry and Productivity Growth: Evidence from Microlevel Panel Data

JEL classification: L5, L10, O31, O4

Estimating Price-Cost Markups under Nonlinear Pricing competition

Keywords: Estimation of Equilibrium Oligopoly Models, Competitive Nonlinear Pricing, Common Agency
JEL classification: D43, D82, L96

The International Drivers of Domestic Airline Mergers in Twenty Nations: Integrating Industrial Organization and International Businesss

Keywords: airline-mergers, imperfect-competition, international-determinants

Lobbying and Regulation in a Political Economy: Evidence from the U.S. Cellular Industry

Keywords: Endogenous Price Regulation, Lobbying Activities, Political Economy, Endogenous Switching Regression, Mobile Telecommunications, U.S.
JEL classification: L5, D78, C35, L96

Antitrust Holdup Source, Cross-National Institutional Variation, and Corporate Political Strategy Implications for Domestic Mergers

Keywords: corporate political strategy, non-market strategy, merger reviews, antitrust policy

The Political Economy of EU Merger Control

EU Merger Remedies: An Empirical Assessemt

European Sate Aid Control: an economic Framework

Ökonimische Analyse des Begriffs significant impediment to effective competition

The Impact of the New Substantive Test in European Merger Control

Centralizing Information in Networks

Strategic Communication Networks

With a Little Help from my Enemy: Comparative Advertising as a Signal of Quality

Innovation, convergence and the role of regulation in the Netherlands and beyond, Telecommunications Policy

Labor Pooling in R&D Intensive Industries

Access Regulation and the Adoption of VoIP

Umbrella Branding and External Certification

Content and Advertising in the Media: Pay-TV versus Free-To-Air

Alliances between Competitor and Consumer Information

Asymmetric Access Price Reguation in Telecommunications Markets

Reputation Mechanisms and Electronic Markets: Economic Issues for Procurement

Dynamic regulation and entry in telecommunications markets: a policy framework

Competition in telecommunications: an introduction

Why the music industry may gain from free downloading - The role of sampling

Asymmetric Regulation of Access and Price Discrimination in Telecommunications

A Strategic Approach to Software Protection: Comment

Piracy of Digital Products: A critical Review of the Theoretical Literature

Leniency Policies and Illegal Transactions

Monopoly Pricing under Demand Uncertainty: The Optimality of Clearance Sales

Existence of Linear Equilibria in the Kyle Model with Multiple Informed Traders

together with A6

Insider Trading and Corporate Governance: The Case of Germany

with André Betzer

Does Anonymity Matter in Electronic Limit Order Markets?

Keywords: Market Microstructure, Limit Order Trading, Anonymity, Transparency, Liquidity, Volatility Forecasts
JEL classification: G10, G14, G24

Estimating the Probability of Informed Trading - Does Trade Misclassification Matter?

Keywords: Informed trading, market microstructure, trade classification
JEL classification: G12, G14, C52

An Analysis of Private Investors’ Stock Market Return Forecasts

Keywords: Behavioral Finance; Weekend effect; Weather effect
JEL classification: G14

Competition between exchanges: Xetra versus Euronext

A Characterization of the Distributions That Imply Existence of Linear Equilibria in the Kyle Model

Information-Based Relative Consumption Effects: Correction

Who Knows What When? The Information Content of Pre-IPO Market Prices

Eine empirische Untersuchung der individualisierten Veröffentlichung der Vorstandsvergütung

Keywords: Executive compensation, corporate governance, self regulation
JEL classification: G14, G30, G32

Estimating the Probability of Informed Trading - Does Trade Misclassification Matter?

An Analysis of Private Investors' Stock Market Return Forecasts

An experimental test of the deterrence hypothesis

Is the veil of ignorance only a concept about risk? An experiment

Exploiting Naivete about Self-Control in the Credit Market

Performance Pay and Multi-dimensional Sorting: Productivity, Preferences and Gender

Reference-Dependent Preferences and Effort provision

Lab Experiments Are a Major Source of Knowledge in the Social Sciences

Science, 535-538, October 23

Less fighting than expected - Experiments with wars of attrition and all-pay auctions

Moral Norms in a Partly Compliant Society

Are Risk Aversion and Impatience Related to Cognitive Ability?

The medial prefrontal cortex exhibits money illusion

Direct Evidence on Risk Attitudes and Migration

Representative Trust and Reciprocity: Prevalence and Determinants

Testing Theories of Fairness - Intentions Matter

Futile Attempts at Self-Sontrol

Homo Reciprocans: Survey Evidence on Behavioral Outcomes

Competition and Price Variation when Consumers are Loss Averse