infonet-economy

We explore the incentives countries face in trade litigation within the new WTO Dispute Settlement System. Our analysis yields a number of interesting predictions. First, because sanctions are ruled out during the litigation process, the Dispute Settlement System does not preclude all new trade restrictions. However, the agenda-setting capacity of the complainant, including its right...

We consider a two-stage model of locational choice. Firms decide in which of three locations (or countries) to build plants; they then compete in all three markets. Knowledge spillovers reduce marginal costs in agglomerations; through intra-firm spillovers these cost reductions can be exported to other locations. We show that improvements in the exchange of information within firms...

We study behavior within a simple principal--agent experiment. Our design allows for a large class of linear contracts. Principals can offer any feasible combination of (negative) fixed wages and incentives in the form of return sharing. This great contractual flexibility allows us to study incentive compatibility simultaneously with issues of `fair sharing' and reciprocity,...

This paper considers the European countries' output of eminent economists, i.e. the 160 most often cited academics in the period 1993-96. The influence of the size of the population and GNP is analyzed, and a ranking of the top-20 scholars is provided. The United Kingdom outperforms: it is leading with respect to the absolute number, per capita, and GNP per capita. More...

Recently developed models of fairness can explain a wide variety of seemingly contradictory facts. The most controversial and yet unresolved issue in the modeling of fairness preferences concerns the behavioral relevance of fairness intentions. In this paper we provide clear and unambiguous experimental evidence for the behavioral relevance of fairness intentions. Our results...

Der Verfasser führt ein fiktives Interview mit Adam Smith, der sich - zurückgekehrt in unsere Zeit - etwas wundert, was aus seiner Lehre geworden ist ....

Unternehmensethik wird häufig "unpolitisch"konzipiert - als unmittelbarer Brückenschlag von der (wie immer verstandenen) allgemeinen Ethik zur Unternehmensführung. Doch ein solcher Zugang ist kurzschlüssig und führt erfahrungsgemäss rasch einmal in symptomatisches Sachzwangdenken. Ausgeblendet bleibt dabei, dass jede Idee und Konzeption von Unternehmensethik immer schon ein...