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Referierte Aufsätze Web of Science
This article analyzes the effects of household-level activity choices on farm household welfare in a developing country affected by mass violent armed conflict. The study uses household survey data from postwar Nampula and Cabo Delgado provinces in Northern Mozambique capturing many activity choices, including market participation, risk and activity diversification, cotton adoption, and social exchange, ...
In:
Journal of Peace Research
46 (2009), 3, S. 377-397
| Carlos Bozzoli, Tilman Brück
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Referierte Aufsätze Web of Science
This paper shows that the ECB's monetary policy has a heterogeneous impact on the sectoral stock market indexes in the Euro Area. We show that the heteroskedasticity based approach of Rigobon (2003) should be preferred to the event study approach.
In:
Economics Letters
105 (2009), 3, S. 211-213
| Konstantin A. Kholodilin, Alberto Montagnoli, Oreste Napolitano, Boriss Siliverstovs
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Referierte Aufsätze Web of Science
Für die Betrachtung haushaltsinterner Ungleichheit ist die Frage zentral, welche Faktoren partnerschaftliche Machtungleichgewichte determinieren. Der sozialen Austauschtheorie, der Ressourcentheorie und dem Cooperative-Bargaining-Modell zufolge basiert Macht auf dem Besitz individueller Ressourcen, vor allem des Einkommens. Diese Studie untersucht den Einfluss des individuellen Einkommens ebenso wie ...
In:
Kölner Zeitschrift für Soziologie und Sozialpsychologie
61 (2009), 3, S. 327-353
| Yvonne Lott
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Referierte Aufsätze Web of Science
Does tax policy affect entrepreneurial choice? We use two tax reforms in Germany as "natural experiments". These reforms reduced the marginal income tax rate for entrepreneurs with income above a certain threshold, with the exception of freelance professionals. The two conditions for belonging to the treatment group allow us to apply a "difference-in-difference-in-difference" identification strategy ...
In:
Empirical Economics
36 (2009), 3, S. 487-513
| Frank M. Fossen, Viktor Steiner
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Referierte Aufsätze Web of Science
In Europe, two market designs are discussed for electricity trade and transmission. We argue that their performance in the presence of market power can be represented by two models from the literature. In contrast to examples for simple two-node networks, we show that in more complex networks a general ranking of both designs is not possible. Hence, computational models are required to evaluate the ...
In:
Operations Research
57 (2009), 2, S. 274-286
| Andreas Ehrenmann, Karsten Neuhoff
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Referierte Aufsätze Web of Science
The level of trust inherent in a society is important for a wide range of microeconomic and macroeconomic outcomes. This paper investigates how individuals' attitudes toward social and institutional trust are shaped by the political regime in which they live. The German reunification is a unique natural experiment that allows us to conduct such a study. Using data from the German General Social Survey ...
In:
Journal of Comparative Economics
37 (2009), 2, S. 251-269
| Helmut Rainer, Thomas Siedler
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Referierte Aufsätze Web of Science
This paper examines whether financial institutions discriminate against entrepreneurs on the basis of gender. Using the cross-country Business Environment and Enterprise Performance Survey (BEEPS), we find some evidence that, compared to male-managed counterparts, female-managed firms are less likely to obtain a bank loan. In addition, our analysis suggests that female entrepreneurs are charged higher ...
In:
Journal of Comparative Economics
37 (2009), 2, S. 270-286
| Alexander Muravyev, Dorothea Schäfer, Oleksandr Talavera
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Referierte Aufsätze Web of Science
We analyze the distribution of market income in Germany in the period 1992 to 2003 on the basis of an integrated dataset that encompasses the whole spectrum of the population, from the very poor to the very rich. We find a modest increase of the Gini coefficient, a substantial drop of median income and a remarkable growth of the income share accruing to the economic elite, which we define as the richest ...
In:
The Review of Income and Wealth
55 (2009), 2, S. 303-330
| Stefan Bach, Giacomo Corneo, Viktor Steiner
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Referierte Aufsätze Web of Science
This paper studies the determinants of the unusually high and volatile price differential between common (voting) shares and preferred (nonvoting) shares in Russia's emerging stock market. It focuses on three potential explanations for the price spread between these two classes of stock: the control contest model of the voting premium, the inferior liquidity of preferred shares, and the risk of expropriation ...
In:
Emerging Markets, Finance & Trade
45 (2009), 2, S. 21-43
| Alexander Muravyev
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Referierte Aufsätze Web of Science
This paper considers the impact of foreign aid flows on the risk of civil conflict. We improve on earlier studies on this topic by addressing the problem of the endogenous aid allocation using GDP levels of donor countries as instruments. A more structural addition to the literature is that we efficiently control for unobserved country specific effects in typical conflict onset and conflict continuation ...
In:
Journal of Development Economics
88 (2009), 2, S. 301-313
| Joppe de Ree, Eleonora E. M. Nillesen