Mathis Schröder
Lausanne, Schweiz,
18.06.2012
- 19.06.2012| Methodological and Substantive Challenges in Measuring Vulnerability across the Life Course: LIVES International Workshop
This paper deals with the question how the capability of car drivers to estimate travel distance, travel time, fuel costs and other motoring costs as well as the cost of a new hypothetical congestion charge influences their decision to change their travel behaviour. The analysis makes use of an integrated choice and latent variable model (ICLV) which merges classic choice models with the...
Heike Link
Berlin,
18.06.2012
- 23.06.2012| Kuhmo Nectar Conference and Summer School on Transportation Economics 2012: Annual Conference of the International Transportation Economics Association (ITEA)
Subsidies are considered important means to facilitate the provision of public transit, yet the empirical evidence implies that they can have harming effects on costs and possibly also on operators' performance. This paper examines the impacts of deficit-balancing subsidies on the cost inefficiency of local public bus companies in Germany, where a complex system allocates ample financial support....
Maria Nieswand, Matthias Walter
Berlin,
18.06.2012
- 23.06.2012| Kuhmo Nectar Conference and Summer School on Transportation Economics 2012: Annual Conference of the International Transportation Economics Association (ITEA)
Andreas Schröder, Thure Traber
Berlin,
18.06.2012
- 23.06.2012| Kuhmo Nectar Conference and Summer School on Transportation Economics 2012: Annual Conference of the International Transportation Economics Association (ITEA)
In this study we investigate the impact of the thin capitalization rule newly introduced in Germany in 2008 on firms' capital structure, investment and profitability. The identification of the causal effects is based on the escape clauses within the regulation using a difference-in-difference approach. Our results suggest that firms strongly react to the new regulation in order to avoid the...
Hermann Buslei, Martin Simmler
Marseille, Frankreich,
18.06.2012
- 20.06.2012| 11th Journées Louis-André Gérard-Varet: Institut d'Economie Publique (IDEP)
This study uses a switching regression framework with known sample separation to analyze the effects of corporate income taxation on investment in case of binding and nonbinding financial constraints. By employing two different sample splitting criteria, payout behavior and the ratio of liabilities to total assets, I show that the elasticity of capital to its user costs in an auto-distributed-lag...
In this paper I investigate the causal returns to education for different educational groups in Germany by employing a new method by Klein and Vella (2010) that bases identification on the presence of conditional heteroskedasticity. Compared to IV methods, key advantages of this approach are unbiased estimates in the absence of instruments and parameter interpretation that is not bounded to local...
Nils Saniter
Catanzaro, Italien,
17.06.2012
- 19.06.2012| Third International Workshop on Applied Economics of Education: IWAEE 2012
Johanna Storck, Daniela Glocker
Catanzaro, Italien,
17.06.2012
- 19.06.2012| Third International Workshop on Applied Economics of Education: IWAEE 2012
Economic agents using information that is not incorporated in the econometric model is seen as a possible reason for why nonfundamental shocks are important in econometric models. Allowing for nonfundamental shocks in structural vector autoregressive (SVAR) analysis by considering moving average (MA) representations with roots in the complex unit circle is a possible response to the problem. A...
Helmut Lütkepohl
Aarhus, Dänemark,
17.06.2012
- 19.06.2012| Nonlinear Time Series Econometrics: Conference in Honor of Timo Teräsvirta. CREATES, Aarhus University
Sören Radde
Wien, Österreich,
14.06.2012
- 15.06.2012| European Workshop in Macroeconomics: Vienna Graduate School of Economics and Oesterreichische Nationalbank, Vienna