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Vienna Economics Papers
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Parimutuel Lotteries: Gamblers' Behavior and the Demand for Tickets
Ursula HAUSER and Ulrich KÖNIG
Corporate Vote-Trading as an Instrument of Corporate Governance
Zvika Neeman and Gerhard O. OROSEL
The Austrian current account deficit: Driven by twin deficits or by intertemporal expenditure allocation?
Sylvia Kaufmann , Johann Scharler and Georg WINCKLER
Incomplete Markets and the Firm
Egbert DIERKER , Hildegard DIERKER and Birgit GRODAL
Powerful Wives and Faithful Husbands
Nina MADERNER
Quasi-Equilibrium and Equilibrium in a Large Production Economy with Differentiated Commodities
Konrad PODCZECK
Sunk costs, windows of profit opportunities, and the dynamics of entry
Georg Götz
Bayes inference in common Markov switching trends models
Sylvia Kaufmann
Individual Randomness in Economic Models with a Continuum of Agents
Carlos ALO and S-Ferrer
Are Two Good Representative for Many?
Rudolf KERSCHBAMER and Nina MADERNER
Optimal Incentives to Reduce Downstream Pollution Under Asymmetric Information
Rudolf KERSCHBAMER and Nina MADERNER
Product Differentation and Market Power
Egbert DIERKER and Hildegard DIERKER
Dividends and Agency Costs
Klaus GUGLER
Perfect Foresight and Equilibrium Selection in Symmetric Potential Games
Josef Hofbauer and Gerhard Sorger
Herding and the Winner's Curse in Markets with Sequential Bids
Zvika Neeman and Gerhard O. OROSEL
Measuring Business Cycles with a Dynamic Markov Switching Factor Model
Sylvia Kaufmann
Necessary and Sufficient Conditions for the Transitivity of Majority Decision with Generalized Preferences
Ahmet KARA
A Paradox of Social Rationalit
Ahmet KARA
Efficiency with Incomplete Information
Stefan KRASA
Shareholders' Surplus, Profits, and the Maximization of Shareholders' Real Wealth
Egbert DIERKER and Birgit GRODAL
Investment Spending in Austria: Asymmetric Information Versus Managerial Discretion
Klaus GUGLER
Theoretically Robust But Empirically Invalid? An Experimental Investigation into Tax Equivalence
Rudolf KERSCHBAMER and Georg Kirchsteiger
Decentralized Trading and the Walrasian Outcome: On the Impact of Quality Heterogeneity
Andreas RAMSAUER
Voluntary Contributions when the Public Good is not Necessarily Normal
Rudolf KERSCHBAMER and Clemens PUPPE
Excess Capacity as an Incentive Device
Rudolf KERSCHBAMER and Yanni TOURNAS
The Price Normalization Problem in Imperfect Competition and the Objective of the Firm
Egbert DIERKER and Birgit GRODAL
Deficits, Debt and European Monetary Union: Some Unpleasant Fiscal Arithmetic
Eduard Hochreiter and Peter BRANDNER
To be (unionized) or not to be? A Case for Cost-Raising Strategies
Jaques BUGHIN and Stefano VANNINI
Imperfectly Observable Emissions, Adverse Selection, and Output Restrictions
Gerhard CLEMENZ
Asset Pricing with Time-Varying Covariances: Evidence for the German Stock Market
Martin SCHEICHER
Verifying Reports With a Self Interested Auditor
Muriel GÖTZ and Martin Summer
Monopolistic Competition and the Diffusion of New Technology
Georg Götz
Moral Hazard and Credit Rationing: A Role for Research Joint Ventures?
Gerhard CLEMENZ
On the Possibility of Efficient Private Provision of Public Goods through Government Subsidies
Georg Kirchsteiger and Clemens PUPPE
Nonlinear Dynamics: Evidence for a Small Stock Exchange
Martin SCHEICHER
Immigration, Growth, and Distribution
Ingrid Kubin and Peter ROSNER
Internalizing Externalities in Second-Best Tax Systems
Gerhard O. OROSEL and Ronnie SCHÖB (Ronnie Schoeb )
Credit Markets with Moral Hazard and Heterogenous Valuations of Collateral
Clive Bell and Gerhard CLEMENZ
Markets with Infinitely Many Commodities and a Continuum of Agents with Non-Convex Preferences
Konrad PODCZECK
Information Revelation via Takeovers in Correlated Environments
Rudolf KERSCHBAMER
Disciplinary Takeovers and Industry Effects
Rudolf KERSCHBAMER
Imperfectly Observable Commitments in n-Player Games
Werner Güth , Georg Kirchsteiger and Klaus Ritzberger
Imperfect Competition and Capital Accumulation: The Role of Price Normalization
Gerhard Sorger
On the Formation of Political Coalitions
Georg Kirchsteiger and Clemens PUPPE
A Qualitative Theory of "Preference for Opportunities and Diversity"
Klaus NEHRING and Clemens PUPPE
Profit Maximization, Relative Prices, and the Maximization of Shareholders' Real Wealth
Egbert DIERKER and Birgit GRODAL
Hostile Takeovers in Correlated Environments
Rudolf KERSCHBAMER
The Stock Market When Market Participation is Costly
Gerhard O. OROSEL
Boundedly Rational Chaos: An Example of a Self-Fulfilling mistake
Gerhard Sorger
Profit Maximization Mitigates Competition
Egbert DIERKER and Birgit GRODAL