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In the Aftermath of Dresden: New Directions in German Flood Insurance

The German flood disaster of summer 2002 highlighted a dilemma concerning insurance against damages caused by natural forces. On the one hand, mindful of the rising incidence of natural disasters, private insurance companies are increasingly withdrawing coverage against natural catastrophes such as wind storms and floods. On the other, the availability of emergency relief and private donations is systematically ...

Incentives for Basic Research in a Large Institution: Some General Considerations and a Case Study

Discusses incentives for basic research, which were recently introduced in the German Institute for Economic Research, including both team and individual incentives. Possible problems arise from focussing on the measurable, crowding out intrinsic motivation and undesirable externalities. Furthermore, provides survey evidence on the perception of the incentives by the institute's researchers.

Alternative Measures of the Explanatory Power of General Multivariate Regression Models

In this paper R 2-type measures of the explanatory power of multivariate linear and categorical probit models proposed in the literature are reviewed and their deficiencies discussed. It is argued that a measure of the explanatory power should take into account the components which are explicitly modelled when a regression model is estimated while it should be indifferent to components not explicitly ...

Berufliche Weiterbildung in West- und Ostdeutschland: Teilnehmer, Struktur und individueller Ertrag

Implementing the Kyoto Protocol without Russia

This paper examines implementation of the Kyoto Protocol without Russia. It concludes that implementation without Russia is possible, although it requires political will on the part of the countries that wish to proceed with the Protocol. It would lead to higher compliance costs for Annex B buyer regions, but other regions, except Russia, would benefit financially. Russia would forego revenue of at ...

Respondent Behavior in Panel Studies: A Case Study for Income Nonresponse by Means of the German Socio-Economic Panel (SOEP)

Many validation studies deal with item nonresponse and measurement error in earnings data. In this article, the author explores respondents' motives for failing to revealearnings using the German Socio-Economic Panel (SOEP). The SOEP collects socioeconomic information from private households in the Federal Republic of Germany.The author explains the evolution of income nonresponse in the SOEP and demonstrates ...

Pitfalls in Restructuring the Electricity Industry

This paper models some reductions in output that may follow the opening of electricity markets to competition. Specifically, we show that vertical separation of electricity generation, transmission and distribution could reduce welfare compared to the previous system of vertically integrated monopoly, if grid owners can act as monopolistic retailers or, alternatively, set access prices that maximize ...

The Impact of Ageing on Hospital Care and Long-Term Care: The Example of Germany

Background: In the next few decades the population in all EU-countries will age rapidly. This could have a major impact on the health care sector. This study analyses the effect of population ageing on utilisation in two key sectors of the health care system, namely hospital care and long-term care in Germany, up to 2020 with an outlook to 2050. Methods: Two population scenarios, one with constant, ...

A State Space Model for Berlin House Prices: Estimation and Economic Interpretation

Hedonic regression has become the standard approach for modeling the behavior of house prices. Usually, the common price component is modeled via dummy variables. Based on an approximation for the present value, we deliver an economic interpretation of the common price component. This allows to include explanatory factors like inflation rates, mortgage rates and building permissions. The notional rents ...

Diskussionsbeiträge zu "Mehr Wirtschaftsstatistik in der Statistikausbildung für Volks- und Betriebswirte"