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414 results, from 351
  • DIW Economic Bulletin 1 / 2011

    Opening the Electricity Market to Renewable Energy: Making Better Use of the Grid

    Opening the electricity market to renewable energy sources would create flexibility for the further integration of renewable energy, leading to considerably lower costs and emissions. This requires the electricity markets to be reorganized in three ways. Firstly, most trading, and therefore production decision-making, is completed at least one day prior to electricity production. But it must be possible ...

    2011| Karsten Neuhoff
  • Diskussionspapiere 1142 / 2011

    An Early Warning System to Predict the House Price Bubbles

    In this paper, we construct the country-specific chronologies of the house price bubbles for 12 OECD countries over the period 1969:Q1- 2010:Q2. These chronologies are obtained using a combination of a fundamental and a filter approaches. The resulting speculative bubble chronology is the one that provides the highest concordance between these two techniques. In addition, we suggest an early warning ...

    2011| Christian Dreger, Konstantin A. Kholodilin
  • Diskussionspapiere 1144 / 2011

    Merger Efficiency and Welfare Implications of Buyer Power

    This paper analyzes the welfare implications of buyer mergers, which are mergers between downstream firms from different markets. We focus on the interaction between the merger's effects on downstream efficiency and on buyer power in a setup where one manufacturer with a non-linear cost function sells to two locally competitive retail markets. We show that size discounts for the merged entity has no ...

    2011| Özlem Bedre-Defolie, Stéphane Caprice
  • FINESS Working Papers 5.2 / 2010

    Foreign Bank Presence and Its Effect on Firm Entry and Exit in Transition Economies

    This study investigates the impact of foreign bank penetration in Central and Eastern Europe on firm entry. We demonstrate that the acquisition of domestic banks by foreign investors has led to reduced firm creation, smaller average size of entrants and increased firm exit in opaque industries compared to transparent ones. At the same time, the entry of greenfield foreign banks spurred firm creation ...

    2010| Olena Havrylchyk
  • FINESS Working Papers 2.5 / 2010

    Banks in Space: Does Distance Really Affect Cross-Border Banking?

    During the last years, gravity equations have leapt from the trade literature over into the literature on financial markets. Martin and Rey (2004) were the first to provide a theoretical model for cross-border asset trade, yielding a structural gravity equation that could be tested empirically. In this paper, I use a gravity model to evaluate factors that affect cross-border banking. Furthermore, I ...

    2010| Katja Neugebauer
  • Diskussionspapiere 1045 / 2010

    Joint Customer Data Acquisition and Sharing among Rivals

    It is increasingly observable that in different industries competitors jointly acquire and share customer data. We propose a modified Hotelling model with two-dimensional consumer heterogeneity to analyze the incentives for such agreements and their welfare implications. In our model the incentives of firms for data acquisition and sharing depend on the willingness of consumers to switch brands. Firms ...

    2010| Nicola Jentzsch, Geza Sapi, Irina Suleymanova
  • Externe Monographien

    Is there a Bubble in the Chinese Housing Market?

    Frankfurt / Oder: Europa-Univers. Viadrina, 2010, 25 S.
    (Discussion Paper / European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics ; 290)
    | Christian Dreger, Yanqun Zhang
  • Weekly Report 28 / 2010

    HDTV in Germany: Lack of Innovation Management Leads to Market Failure

    High definition television may now be poised for a breakthrough in Germany. Unfortunately, in the area of private free-TV, broadcasters and network operators are still blocking each other. Market participants hope to leverage encryption and digital rights management as sources of long-term profits. This, however, may come at the expense of television viewers. Despite the start of regular HDTV operations ...

    2010| Georg Erber, Sven Heitzler
  • Refereed essays Web of Science

    What Drives Housing Prices Down? Evidence from an International Panel

    In this study, we suggest an explanation for the low growth rates of real housing prices in Canada and Germany in comparison to other OECD countries over the period 1975-2005. We show that the long-run development of housing markets is determined by real disposable percapita income, the real long-term interest rate, population growth, and urbanization. The differential development of real housing prices ...

    In: Jahrbücher für Nationalökonomie und Statistik 230 (2010), 1, S.59-76 | Konstantin A. Kholodilin, Jan-Oliver Menz, Boriss Siliverstovs
  • Diskussionspapiere 1081 / 2010

    Is There a Bubble in the Chinese Housing Market?

    For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with pos-sible adverse effects to the real economy. To get insights into the size of the bubble, the house price evolution is investigated by panel cointegration techniques. Evidence is based on a dataset for 35 major cities. Cointegration ...

    2010| Christian Dreger, Yanqun Zhang
414 results, from 351
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