The project seeks to identify the share of productive and fast-growing firms in the economy, their characteristics such as sector, location (urban/rural, low-density, high-density, etc.), size and age since formation, and their growth performance. Furthermore, it will be analyzed - as far as the data situation allows - which factors contribute to the success.
The study will provide a quantitative and qualitative assessment of the impact of the State aid rules for banks, which will serve as evidence for the evaluation of the State aid rules applicable to banks in difficulty since their entry into force in end-2008.
The main purpose of the project is to put together a comprehensive database including qualitative and quantitative information from past merger cases, which would enable DG Competition to produce statistical reports which could serve as an input to DG Competition's decision making practice in relation to EU merger control, both for operational and for policy purposes.
To determine how wives’ and husbands’ retirement options affect their spouses’ (and their own) labour supply decisions, we exploit (early) retirement cutoffs by way of a regression discontinuity design. Several German pension reforms since the early 1990s have gradually raised women’s retirement age from 60 to 65, but also increased ages for several early retirement pathways affecting both sexes. We ...
Despite intuitive appeal, empirical evidence supporting the relatedness hypothesis has been scant, as it has not been established that related acquisitions generally outperform unrelated acquisitions. In considering the impact of merger relatedness on not only acquiring-firm value – as is standard in the relatedness literature – but also on non-merging rival firm value, we offer an alternative perspective ...
This course aims at giving tools to students for entering the frontier of research regarding two new lines of research: (a) models of wealth-inequality determinants and dynamics, and (b) models of financial stability. The focus will be on presenting general-purpose analytical and computational techniques that enable students to replicate and extend frontier-research papers in these areas. The...
We review the state of knowledge concerning international CO2 emission transfers associated particularly with trade in energy-intensive goods and concerns about carbon leakage arising from climate policies. The historical increase in aggregate emission transfers from developing to developed countries peaked around 2006 and declined since. Studies find no evidence that climate policies lead to carbon ...
