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Integrated Care Experiences and Outcomes in Germany, the Netherlands, and England

Care for people with chronic conditions is an issue of increasing importance in industrialized countries. This article examines three recent efforts at care coordination that have been evaluated but not yet included in systematic reviews. The first is Germany'sGesundes Kinzigtal, a population-based approach that organizes care across all health service sectors and indications in a targeted region. ...

The Welfare Impact of Parallel Imports: A Structural Approach Applied to the German Market for Oral Anti-Diabetics

We investigate the welfare impact of parallel imports using a large panel dataset containing monthly information on sales, ex-factory prices, and further product characteristics for all 649 anti-diabetic drugs sold in Germany between 2004 and 2010. We estimate a two-stage nested logit model of demand, and on the basis of an oligopolistic model of multi-product firms, we then recover the marginal costs ...

Differential Income Taxation and Household Asset Allocation

This article empirically investigates the effects of differential income taxation on households' portfolio choice and asset allocation, applying a two-stage budgeting model of asset demand to German survey data. The model is structured into the discrete and the continuous asset choice. Cross-sectional variation in marginal tax rates, appropriately instrumented, as well as over-time variation from a ...

M&A and R&D: Asymmetric Effects on Acquirers and Targets?

Zurück auf Los! Banken in Ostmittel- und Südosteuropa

Nach der Privatisierung entwickelte sich der Bankensektor in Osteuropa dynamisch. Dazu trugen massive Investitionen hauptsächlich westeuropäischer Kreditinstitute bei. Das änderte sich mit der Finanzkrise 2008/2009. Heute halten sich die Banken mit der Kreditvergabe zurück. Das Wachstumspotential in Osteuropa wird nicht ausgeschöpft. Voraussetzung für eine Ankurbelung der Kreditvergabe wäre, die Bankbilanzen ...

The Global Crisis and Equity Market Contagion

We analyze the transmission of the 2007 to 2009 financial crisis to 415 country-industry equity portfolios. We use a factor model to predict crisis returns, defining unexplained increases in factor loadings and residual correlations as indicative ofcontagion. While we find evidence of contagion from the United States and the global financial sector, the effects are small. By contrast, there has been ...

Modeling a Carbon Capture, Transport, and Storage Infrastructure for Europe

In this paper, we develop a model to analyze the economics of carbon capture, transport, and storage (CCTS) in the wake of expected rising CO2 prices. We present a scalable mixed integer, multiperiod, welfare-optimizing network model for Europe, called CCTS-Mod. The model incorporates endogenous decisions on carbon capture, pipeline and storage investments, as well as capture, flow and injection quantities ...

Two New Datasets on South-North Migration by Occupational Category

Purpose: The purpose of this paper is to break down south-north migration along both the skill and the occupational dimension and thus to distinguish and compare several types of south-north migration and brain drain. Design/methodology/approach: This paper presents south-north migration rates by occupational category at two distinct levels of disaggregation according to International Standard Classification ...

What Drives Intermediate Local Governments' Spending Efficiency: The Case of French Départements

The restructuring of the allocation of governmental competencies in France has increased the importance of subnational governments by transferring additional tasks. We analyse the efficiency of public spending on the intermediate government level for the 96 départements in metropolitan France in 2008. Spending efficiency is measured using Data Envelopment Analysis. Results indicate significant room ...

Happiness Is Pleasant, or Is It? Implicit Representations of Affect Valence Are Associated with Contra-hedonic Motivation and Mixed Affect in Daily Life

People typically want to feel good. At times, however, they seek to maintain or enhance negative affect or to dampen positive affect. The prevalence of such contrahedonic motivation has been related to simultaneous experiences of positive and negative (i.e., mixed) affect. We investigated the role that implicit mental representations of affect valence may play in this regard in a study with N = 400 ...