Wage traps as a cause of illiteracy, child labor, and extreme poverty (2008)
Dennis L. Gärtner, Manfred Gärtner
When labor incomes approach subsistence levels, the labor supply curve slopes outward, because the fight for survival mandates households to look for longer work hours in response to falling wage...
Wage Traps as a Cause of Illiteracy, Child Labor, and Extreme Poverty
Dennis L. Gärtner, Manfred Gärtner
When labor incomes approach subsistence levels, the labor supply curve slopes outward, because the fight for survival mandates households to look for longer work hours in response to falling wage...
Are There Waves in Merger Activity After All?
Dennis L. Gärtner, Daniel Halbheer
This paper investigates the merger wave hypothesis for the US and the UK employing a Markov regime switching model. Using quarterly data covering the last thirty years, for the US, we identify the...
Making Sense of Non-Binding Retail-Price Recommendations
Stefan Bühler, Dennis L. Gärtner
This paper provides a theoretical rationale for non-binding retail price recommendations (RPRs) in vertical supply relations. Analyzing a bilateral manufacturer-retailer relationship with repeated...
Making Sense of Non-Binding Retail-Price Recommendations
Stefan Bühler, Dennis L. Gärtner
This paper provides a theoretical rationale for non-binding retail price recommendations (RPRs) in vertical supply relations. Analyzing a bilateral manufacturer-retailer relationship with repeated...
Merger negotiations and ex-post regret
Gärtner, Dennis L., Schmutzler, Armin
We consider a setting in which two potential merger partners each possess private information pertaining both to the profitability of the merged entity and to stand-alone profits, and we investigate...