Within the transfer space source and sink exchange substrates (material and energy) to selfishly optimize their own productivity. Under certain conditions this will lead to a productivity increase of the whole ensemble. The present day view that cooperation is the most productive interaction...

Within the transfer space source and sink exchange substrates (material and energy) to selfishly optimize their own productivity. Under certain conditions this will lead to a productivity increase of the whole ensemble. The present day view that cooperation is the most productive interaction...

Within the transfer space source and sink exchange substrates (material and energy) to selfishly optimize their own productivity. Under certain conditions this will lead to a productivity increase of the whole ensemble. The present day view that cooperation is the most productive interaction...

This paper stresses the special role of multinational headquarters in corporate profit shifting strategies. Using a large panel of European firms, we show that multinational enterprises (MNEs) are reluctant to shift profits away from their headquarters even if these are located in high-tax...

This paper evaluates the predictions of different price setting theories using a new dataset constructed from a large panel of business surveys of German retail firms over the period 1970-2010. The dataset contains firm-specific information on both price realizations and expectations....

Wage formation is often analyzed by assuming that wage differentials reflect productivity differentials intrinsic to the workers, like differences in skill or qualification. Observed industry and firm effects on wages suggests, however, that wage differentials may result from causes rather...

This paper develops a theory of stagflation, based on turnover-efficiency-wage theory. In these theories, wages are forward-looking, i.e., set to keep incumbents with the firm. The employed workers apply for better jobs and compete with unemployed applicants. An employed applicant is, however,...