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The Impact of Carbon Disclosure Mandates on Emissions and Financial Operating Performance

We examine whether a disclosure mandate for greenhouse gas emissions creates stakeholder pressure for firms to subsequently reduce their emissions. For UK-incorporated listed firms such a mandate was adopted in 2013. Using a difference-in-differences design, we find that firms affected by the mandate reduced their emissions – depending on the specification – by an incremental 14-18% relative to a control ...

Green Guarantee Pension

The Green Guarantee Pension is designed to ensure that people who have worked the majority of their lives, brought up children, looked after other people or have acquired other rights under the statutory pension insurance (Gesetzliche Rentenversicherung) receive a pension in old age that is above the means-tested basic pension. The Guarantee Pension increases pension entitlements within the...

Trajectories of Multiple Subjective Well-Being Facets Across Old Age: The Role of Health and Personality

Subjective well-being is often characterized by average stability across old age, but individual differencesare substantial and not yet fully understood. This study targets physical and cognitive health andpersonality as individual difference characteristics and examines their unique and interactive roles forlevel and change in a number of different facets of subjective well-being. We make use of medicaldiagnoses, ...

Partial Retirement, Financial Student Aid, and Labor Market Responses: Empirical Evidence from Germany

Reluctant to Reform? A Note on Risk-Loving Politicians and Bureaucrats

From a political economy perspective, politicians often fail to imple-ment structural reforms. In this contribution we investigate if the resistance toreform is based on the differences in the risk preferences of voters, politicians,and bureaucrats. Based on three surveys among the German electorate, 175members of the Federal German Parliament and 106 officials from Germanministries, this is not the ...

Airbnb and Rents: Evidence from Berlin

This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Abstract:   Cities worldwide have regulated the peer-to-peer short-term rental market claiming that those markets remove apartments from the long-term housing market, causing an increase in rents. However, at the time many of these policies were passed, empirical evidence for or...

Physician effects in antibiotic prescribing: Evidence from physician exits

This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Abstract:   Antibiotic resistance is a severe problem within our current health systems. One of the main strategies to combat the rise of antibiotic resistance is to improve individual physicians' antibiotic prescribing practices. However, this strategy requires that differences in...

Determinants and effects of mergers and acquisitions: Evidence from drug projects in the diabetes market

This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Abstract:   There is an ongoing debate both in academia and in policy circles about the effects of takeovers of small, young firms by large incumbents in innovative industries. Many argue that such takeovers are anticompetitive and harm innovation by killing off nascent competition....

Using Text Mining for Information Retrieval Purposes (of merger control cases)

This is an online seminar using Webex. You will receive the login data with the invitation to the talk. Charlotte will summarize the methodology of textmining for information retrieval, different techniques, advantages and disadvantages. Primarily, she will be discussing the textmining procedure she undertook to develop and verify a database about the merger level characteristics and Commission...

Bayesian Inference for Structural Vector Autoregressions Identified by Markov-Switching Heteroskedasticity

In this study, Bayesian inference is developed for structural vector autoregressive models in which the structural parameters are identified via Markov-switching heteroskedasticity. In such a model, restrictions that are just-identifying in the homoskedastic case, become over-identifying and can be tested. A set of parametric restrictions is derived under which the structural matrix is globally or ...