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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
This paper analyzes voting on a linear income tax whose proceeds are redistributed lump sum to the taxpayers. Individuals can evade taxes, which leads to penalties if evasion is detected. Since preferences satisfy neither single peakedness nor single crossing, a voting equilibrium may not exist. When an equilibrium does exist, there are several possible outcomes. There may be 'conventional' equilibria ...
In:
Social Choice and Welfare
32 (2009), 3, S. 439-454
| Rainald Borck
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Referierte Aufsätze Web of Science
We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the principal signals the intention of payment on delivery by tearing a banknote in half and giving the agent one half of it as "prepayment"; the agent receives the completing half after delivering the service. By forward induction, cooperation is incentive-compatibly self-enforcing. The indenture ...
In:
The Southern Economic Journal
75 (2009), 3, S. 857-872
| Alexander S. Kritikos, Jonathan H. W. Tan
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Referierte Aufsätze Web of Science
This paper compares relative unit labor cost developments ill the countries of the euro area since the beginning of the European Monetary Union (EMU) both with historical developments and with intraregional developments in the United States and Germany Unit labor cost indices for the U.S. states and census regions from 1977 to 1997 as well as for the German Lander from 1970 to 2004 have been constructed. ...
In:
Journal of Post-Keynesian Economics
31 (2009), 3, S. 431-457
| Sebastian Dullien, Ulrich Fritsche
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Referierte Aufsätze Web of Science
In this study we compare the traditional OLS approach applied to the log-linear form of the gravity model with the Poisson Quasi Maximum Likelihood (PQML) estimation procedure applied to the non-linear multiplicative specification of the gravity model. We use the trade flows for all products, for all manufacturing products as well as for manufacturing products broken down by three-digit ISIC Rev.2 ...
In:
Empirical Economics
36 (2009), 3, S. 645-669
| Boriss Siliverstovs, Dieter Schumacher
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Referierte Aufsätze Web of Science
This paper examines success factors for five emerging innovations in the electricity system under the influence of current environmental and economic paradigms such as climate policy and market liberalisation. It widens the conventional focus on technological innovations to encompass organisational and behavioural innovations. The investigation builds on five empirical studies of recent developments ...
In:
Gaia
18 (2009), 3, S. 221-228
| Barbara Praetorius
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Referierte Aufsätze Web of Science
This paper expands Shleifer's (Rand J Econ 16:319-327, 1985) theory of yardstick competition and develops a modified yardstick competition mechanism (MYC), where the yardstick employed consists of a tariff basket and total costs. This mechanism has a significant information advantage: the regulator "only" needs to observe total costs, prices and output of all firms. The MYC mechanism can ensure a socially ...
In:
Journal of Regulatory Economics
35 (2009), 3, S. 223-245
| Georg Meran, Christian von Hirschhausen
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Referierte Aufsätze Web of Science
We model competition between two unregulated mobile phone companies with price-elastic demand and less than full market coverage. We also assume that there is a regulated full-coverage fixed network. In order to induce stronger competition, mobile companies could have an incentive to raise their reciprocal mobile-to-mobile access charges above the marginal costs of termination. Stronger competition ...
In:
Journal of Economics
96 (2009), 3, S. 241-261
| Pio Baake, Kay Mitusch