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412 results, from 301
  • Refereed essays Web of Science

    An Early Warning System to Predict Speculative House Price Bubbles

    In this paper, the authors construct country-specific chronologies of the house price bubbles for 12 OECD countries over the period 1969:Q1-2009:Q4. These chronologies are obtained using a combination of a fundamental approach and a filter approach. The resulting speculative bubble chronology is the one which provides the highest concordance between these two techniques. In addition, the authors suggest ...

    In: Economics 7 (2013), 9, 26 S. | Christian Dreger, Konstantin A. Kholodilin
  • Diskussionspapiere 1323 / 2013

    Does State Antitrust Enforcement Drive Establishment Exit?

    Previous work has shown that state-level antitrust enforcement activity may have impacts on entry and relocation behavior by U.S. firms. Significant state-level antitrust activity may be an indicator of a perceived adverse business environment and it is found to deter establishment entry, particularly for larger firms in the retail and wholesale sectors. An obvious question is whether establishment ...

    2013| Robert M. Feinberg, Thomas A. Husted, Florian Szücs
  • Diskussionspapiere 1321 / 2013

    Merger Externalities in Oligopolistic Markets

    We quantify externalities on profitability and market shares of competing firms in oligopolistic markets through the transition from an n to an n - 1 player oligopoly after a merger. Competitors are identified via the European Commission's market investigations and our methodology allows us to distinguish the externality due to the change in market structure from the merger effect. We obtain results ...

    2013| Klaus Gugler, Florian Szücs
  • DIW Economic Bulletin 6 / 2013

    Real Estate Booms and Price Bubbles: What Can Germany Learn from Other Countries?

    When speculative price bubbles on real estate markets burst, the effects for the real economy are often devastating taking the form of substantial losses in production and employment. This paper discusses the degree to which institutional frameworks can prevent speculative bubbles from emerging and expanding. Comparing experiences in different countries indicates that, in Germany, institutional regulations ...

    2013| Christian Dreger, Konstantin A. Kholodilin
  • Diskussionspapiere 1270 / 2013

    The Spatial Dimension of US House Price Developments

    Spatial heterogeneity and spatial dependence are two well established aspects of house price developments. However, the analysis of differences in spatial dependence across time and space has not gained much attention yet. In this paper we jointly analyze these three aspects of spatial data. We apply a panel smooth transition regression model that allows for heterogeneity across time and space in spatial ...

    2013| Katharina Pijnenburg
  • Refereed essays Web of Science

    Is There a Bubble in the Chinese Housing Market?

    For many analysts, the Chinese economy is being spurred on by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with potentially adverse effects on the real economy. The house price development is investigated by panel cointegration techniques. Evidence is based on a data-set for 35 major cities. Cointegration is detected between real house ...

    In: Urban Policy and Research 31 (2013), 1, S. 27-39 | Christian Dreger, Yanqun Zhang
  • Refereed essays Web of Science

    Targeted Pricing and Customer Data Sharing among Rivals

    It is increasingly observable that competitors in different industries share customer data, which can be used for targeted pricing. We propose a modified Hotelling model with two-dimensional consumer heterogeneity to analyze the incentives for such sharing and its ensuing welfare effects. We show that these incentives depend on the type of customer data and on consumer heterogeneity in the strength ...

    In: International Journal of Industrial Organization 31 (2013), 2, S. 131-144 | Nicola Jentzsch, Geza Sapi, Irina Suleymanova
  • Externe Monographien

    Spatial Dependence and Spatial Heterogeneity in the Analysis of Regional Economic Performance and House Price Developments: Dissertation

    When analyzing economic aspects at regional levels, the spatial dimension of the data plays a crucial role. This is the case as spatial data and models are often characterized by two spatial effects, namely spatial dependence and spatial heterogeneity. The field of spatial econometrics is a separate field in econometrics that explicitly incorporates these spatial effects into econometric models. Following ...

    Berlin: Freie Univ. Berlin, FB Wirtschaftswiss., 2013, XXX, 103 S. | Katharina Pijnenburg
  • Diskussionspapiere 1342 / 2013

    Crop Failures and Export Tariffs

    We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first results is that export tariffs are strategic complements and that for poor harvests equilibrium tariffs can explode (shedding some light ...

    2013| Pio Baake, Steffen Huck
  • Refereed essays Web of Science

    Improving Congestion Management: How to Faciliate the Integration of Renewable Generation in Germany

    In this paper the German congestion management regime is analyzed and future congestion management costs are assessed given a higher share of intermittent renewable generation. In this context, cost-based re-dispatching of power plants and technical flexibility through topology optimization are considered as market-based and technical congestion management methods. To replicate the current market regime ...

    In: The Energy Journal 34 (2013), 4, S. 55-78 | Friedrich Kunz
412 results, from 301
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