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Referierte Aufsätze Web of Science
We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the markets for their spare parts. We show that monopolized markets for spare parts lead to inefficiently high prices for spare parts. Furthermore, monopolization induces the manufacturers to choose inefficiently high qualities. The key for these results is the observation that high prices ...
In:
The B.E. Journal of Economic Analysis & Policy
10 (2010), 1, Article 36
| Pio Baake
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Referierte Aufsätze Web of Science
We investigate the impact of debt on a panel of U.S. manufacturing firms' capital investment behavior as the underlying firm-specific and market-level uncertainty changes. Our estimates show that the influence of leverage on capital investment may be stimulating or mitigating depending on the effects of uncertainty.
In:
Economics Letters
106 (2010), 1, S. 25-27
| Christopher F. Baum, Mustafa Caglayan, Oleksandr Talavera
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Referierte Aufsätze Web of Science
Euro area monetary growth has exceeded its target since 2001. Likewise, recent empirical studies did not find evidence in favour of a stable long-run money demand function. In contrast to the bulk of the literature, we are able to identify a stable long-run money demand relationship. This result is obtained when the analysis is done without the short run homogeneity restriction between money and prices. ...
In:
Journal of International Money and Finance
29 (2010), 1, S. 111-122
| Christian Dreger, Jürgen Wolters
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Referierte Aufsätze Web of Science
In Europe, there are significant differences in the extent and in the structure of in-work poverty. Based on a comparison of 20 countries the present study analyses to what extent this is due to the differences in the institutional framework conditions of a given country. The analyses are based on micro data from the EU Statistics on Income and Living Conditions (EU-SILC) of 2006 and macro data from ...
In:
Kölner Zeitschrift für Soziologie und Sozialpsychologie
62 (2010), 1, S. 1-30
| Henning Lohmann
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Referierte Aufsätze Web of Science
Using representative survey data of the German Socio-Economic Panel Study (SOEP) for 2006, we show that the magnitude of health inequality measures like the concentration index (CI) depends crucially on the underlying health measure. The highest degree of inequality is found when dichotomized subjective health measures like health satisfaction or self-assessed health (SAH) are employed. With the use ...
In:
Social Science & Medicine
71 (2010), 1, S. 116-124
| Nicolas R. Ziebarth
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Referierte Aufsätze Web of Science
The purpose of this paper is to investigate the impact of the 1986 Chernobyl nuclear disaster on satisfaction with life and on concern about the environment. Using data from the German Socio-Economic Panel Study and identifying the exogenous event through the exact date of occurance, I find that concern about the environment sharply increased immediately after the incident. However, there is no effect ...
In:
Kyklos
63 (2010), 1, S. 1-8
| Eva M. Berger
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Referierte Aufsätze Web of Science
Severance pay is a vital part of employment protection legislation (EPL). We investigate the incidence and level of severance pay for dismissed employees. Our theoretical model predicts that not only the law and its interpretation by labour courts but also the costs of a suit have an impact. Using West German panel data for 1991-2006, we find that theemployees' costs resulting from a suit and the legal ...
In:
International Review of Law and Economics
30 (2010), 1, S. 71-85
| Laszlo Goerke, Markus Pannenberg
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Referierte Aufsätze Web of Science
Set-point theory is the main research paradigm in the field of subjective well-being (SWB). It has been extended and refined for 30 years to take in new results. The central plank of the theory is that adult set-points do not change, except temporarily in the face of major life events. There was always some "discordant data", including evidence that some events are so tragic (e.g. the death of one's ...
In:
Social Indicators Research
97 (2010), 1, S. 7-21
| Bruce Headey
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Referierte Aufsätze Web of Science
Using data from the German Socio-Economic Panel Survey, this paper assesses the relationship between life satisfaction and religious practice. It is shown that individuals who become more religious over time record long term gains in life satisfaction, while those who become less religious record long term losses. This result holds net of the effects of personality traits, and also in fixed effects ...
In:
The Journal of Positive Psychology
5 (2010), 1, S. 73-82
| Bruce Headey, Jürgen Schupp, Ingrid Tucci, Gert G. Wagner
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Referierte Aufsätze Web of Science
In this study, we suggest an explanation for the low growth rates of real housing prices in Canada and Germany in comparison to other OECD countries over the period 1975-2005. We show that the long-run development of housing markets is determined by real disposable percapita income, the real long-term interest rate, population growth, and urbanization. The differential development of real housing prices ...
In:
Jahrbücher für Nationalökonomie und Statistik
230 (2010), 1, S.59-76
| Konstantin A. Kholodilin, Jan-Oliver Menz, Boriss Siliverstovs