Markus Pasche

TL;DR: In this paper, a Papier charakterisiert die spezifischen Eigenschaften des Gutes Software, den Aspekten der Humankapitalbildung und -allokation, der Rolle der Wissensakkumulation and der positiven Spillovereffekte von Wissen, sowie der Wirkung auf die Wettbewerbsintensitat im kommerziellen Softwaresektor beigemessen.

TL;DR: In this article, the authors investigated the optimal regulation of a software firm which acts as a natural monopolist, who also offers a complementary good (IT services) on a competitive market and showed that a first-best regulation accompanied with an optimal taxation schedule in order to compensate the losses is equivalent to a cross-subsidisation of the software by the complementary good.

TL;DR: In this paper, the authors proposed a Eurobond system that uses standard technologies of financial intermediation like pooling and collateralizing risks to decrease the costs for all participating nations which is Pareto improving.

TL;DR: In this paper, the authors explicitly derive the behavior of the banking sector regarding the supply of loans and the demand for reserves from portfolio and liquidity considerations, and show that the money multiplier as well as the money base are endogenously determined.