Policymakers widely use tax-based incentives to spur investment and stimulate economic growth. Tax policy has been at the center of emergency measures during the Covid-19 pandemic, and it is now as countries face a significant deterioration in public finances. Yet, empirical tax research is still in disagreement on how taxes affect business investment. We investigate the effect of local business...
Mehrere thematische Analysen von empirica im Verlauf der letzten 15 Jahre (u.a. zur Kriminalitätsfurcht, Kindergesundheit, Einsamkeit) haben gezeigt, dass neben individuellen Merkmalen – insbesondere sozialen Merkmalen – auch räumliche/nachbarschaftliche Einflussfaktoren auf das Wohlbefinden oder die Gesundheit von Menschen festgestellt werden können. Insbesondere die SOEP-Zusatzstichprobe zur...
This paper investigates the unique ways in which individuals assimilate new information into their beliefs about stock returns and examines the consequences of heterogeneous information processing on savings and investment decisions. Utilizing two exogenous information treatments from 2017 and 2018 surveys of German households, I discover that individuals' short-term return expectations shift by...
Mit der Abschaltung der letzten drei deutschen Kernkraftwerke im April 2023 stellen sich dringliche Fragen zu deren notwendigen Rückbau sowie zur Zwischen- und Endlagerung radioaktiver Abfälle. Vor dem Hintergrund der Energieknappheit und mit Blick auf geopolitische Spannungen werden jedoch in Deutschland und Europa Überlegungen über mittelfristige Perspektiven der Atomenergie laut, die selbst den...
The influential Indian Parliamentarian Mr. Jayant Sinha envisages a global climate alliance building on the concept of the European Union and its Green Deal – a community attractive to its members because it addresses the diverse needs and ensures that joint action benefits all. To ensure the inclusive nature and broaden the political ownership of such an initiative, Mr. Sinha launched a report on...
In current power markets, the bulk of electricity is sold wholesale and transported to consumers via long-distance transmission lines. Recently, decentralized local energy markets have evolved, often as isolated networks based on solar generation. We analyze strategic pricing, investment, and welfare in local energy markets. We show that local energy markets yield competitive equilibrium prices and ...
