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Referierte Aufsätze Web of Science
We investigate convergence in European price level, unit labour cost, income and productivity data over the period of 1960-2006 using the non-linear time-varying coefficients factor model proposed by Philips and Sul (2007 Econometrica 75:1771-1855). This approach is extremely flexible in order to model a large number of transition paths to convergence. We find regional clusters in consumer price level ...
In:
Empirical Economics
41 (2011), 2, S. 343-369
| Ulrich Fritsche, Vladimir Kuzin
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Referierte Aufsätze Web of Science
This paper examines how delivery tariffs and private quality standards are determined in vertical relations that are subject to asymmetric information. We consider an infinitely repeated game where an upstream firm sells a product to a downstream firm. In each period, the firms negotiate a delivery contract comprising the quality of the good as well as a non-linear tariff. Assuming asymmetric information ...
In:
Journal of Economics
103 (2011), 2, S. 149-169
| Pio Baake, Vanessa von Schlippenbach
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Referierte Aufsätze Web of Science
Motivated by the Bayesian framework, we explore terrorism risk perception differences across European countries. Perception variation is explained by the long-term terrorism countries face, while the cyclical part of terrorism does not seem to play any role.
In:
Economics Letters
112 (2011), 2, S. 195-197
| Konstantinos Drakos, Cathérine Müller
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Referierte Aufsätze Web of Science
We develop a duopoly model with advertising supported platforms and analyze incentives of a superior firm to license its advanced technologies to an inferior rival. We highlight the role of two technologies characteristic for media platforms: the technology to produce content and to place advertisements. Licensing incentives are driven solely by indirect network effects arising from the aversion of ...
In:
The B.E. Journal of Economic Analysis & Policy
11 (2011), 1, S. 1-49
| Geza Sapi, Irina Suleymanova
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Referierte Aufsätze Web of Science
We use a quantitative electricity market model to analyze the welfare effects of refunding a share of the emission trading proceeds to support renewable energy technologies that are subject to experience effects. We compare effects of supporting renewable energies under both perfect and oligopolistic competition with competitive fringe firms and emission trading regimes that achieve 70 and 80% emission ...
In:
Utilities Policy
19 (2011), 1, S. 33-41
| Thure Traber, Claudia Kemfert
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Referierte Aufsätze Web of Science
This paper provides an overview of the existing systems of natural hazard insurance in Europe, their structural characteristics and peculiarities. It also discusses the difficulties of adaptation of these systems to climate change and the growing number of natural disasters. Using Germany, Austria and Switzerland as examples, the paper demonstrates that based on the status quo, the Swiss monopoly insurance ...
In:
Environmental Policy and Governance
21 (2011), 1, S. 14-30
| Reimund Schwarze, Manijeh Schwindt, Hannelore Weck-Hannemann, Paul Raschky, Ferdinand Zahn, Gert G. Wagner
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Referierte Aufsätze Web of Science
The Statistics on Income and Living Conditions (EU-SILC) provide an up-to-date data source for the comparative analysis of income, material deprivation and poverty. At the European Union (EU) level, these data have become a standard source for social reporting. Yet the specific approaches to data collection in EU-SILC vary widely from one country to the next. One of the major differences is that some ...
In:
Journal of European Social Policy
21 (2011), 1, S. 37-54
| Henning Lohmann
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Referierte Aufsätze Web of Science
Hausmann, Pritchett, and Rodrik (2005) found that political regime changes, external shocks and economic reforms are statistically significant predictors of growth accelerations. Updating the data from 1992 up to 2000 and correcting for coding errors, this paper argues that the original results are fragile upon changes in period, sample, measures, and inclusion of controls. All the data are provided ...
In:
Econ Journal Watch
8 (2011), 1, S. 39-55
| Guo Xu
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Referierte Aufsätze Web of Science
What determines the yields at which international investors are willing to lend to emerging market countries, and the amounts of such lending? We analyze the motivation underlying investors' choices in allocating their holdings across countries, through regressions for both prices (bond yields) and quantities (bond market capitalization or stocks of external liabilities) estimated during two waves ...
In:
Review of Finance
15 (2011), 1, S. 207-243
| André Faria, Paolo Mauro, Aleksandar Zaklan
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Referierte Aufsätze Web of Science
In this paper I evaluate the effect of student aid on the success of academic studies. I focus on two dimensions, the duration of study and the probability of actually graduating with a degree. To determine the impact of financial student aid, I estimate a discrete-time duration model allowing for competing risks to account for different exit states (graduation and dropout) using individual level panel ...
In:
Economics of Education Review
30 (2011), 1, S. 177-190
| Daniela Glocker