Weitere externe Aufsätze
Ulrich Blum, Christian Wey, Klaus F. Zimmermann (Eds.) ,
Globalization and Competition
Berlin : Duncker & Humblot
Applied Economics Quarterly Supplement : Beihefte der Konjunkturpolitik ; 59
| Pio Baake, Christian Wey
Diskussionspapiere 809 / 2008
Our paper deals with modeling the effects of introducing a market-based tool for improving end-users' efficiency in an energy market which is already regulated through a cap-and-trade system for green house gas emissions and a quota system meant to improve competitiveness of energy produced using renewable resources. Our results show that the regulation of energy demand achieves its underlying objects ...
2008| Georg Meran, Nadine Wittmann
Diskussionspapiere 778 / 2008
This paper uses the newly constructed Luxembourg Wealth Study data to document cross-country variation in homeownership rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and inequality in the four countries correspond ...
2008| Alena Bicakova, Eva Sierminska
University of Cambridge,
(Cambridge Working Papers in Economics ; 0853)
| Jörg Döpke, Michael Funke, Sean Holly, Sebastian Weber
Referierte Aufsätze Web of Science
This paper analyzes the origins and welfare consequences of buyer power. We show that if suppliers are capacity constrained or have strictly convex costs, there are two different channels through which large buyers can obtain more favorable terms from their suppliers. In particular, we show how the presence of large buyers can then erode the value of suppliers' outside option. Somewhat surprisingly, ...
European Economic Review
51 (2007), 3, S. 647-667
| Roman Inderst, Christian Wey
Diskussionspapiere 758 / 2007
In this study, we suggest an explanation for the alarmingly low growth rates of real housing prices in Canada and Germany in comparison to other OECD countries over 1975-2005. We show that the long-run development of housing markets is determined by real disposable per capita income, real long-term interest rate, population growth, and urbanization. The differential development of real housing prices ...
2007| Konstantin A. Kholodilin, Jan-Oliver Menz, Boriss Siliverstovs
Diskussionspapiere 568 / 2006
We consider a model with two firms operating their individual networks. Each firm can choose its price as well as its investment to build up its network. Assuming a skewed distribution of consumers, our model leads to an asymmetric market structure with one firm choosing higher investments. While access regulation imposed on the dominant firm leads to lower prices, positive welfare effects are diminished ...
2006| Pio Baake, Ulrich Kamecke
Referierte Aufsätze Web of Science
Firms in socialist and transitional economies are often obliged to provide social goods at the same time that they are competing with private firms. This paper analyzes the impact of such bundling on the provision of private and social goods focussing on the inability of politicians to commit not to bail out firms experiencing financial trouble. This soft budget constraint problem results in firms ...
Journal of Comparative Economics
33 (2005), 1, S. 47-58
| Lars-Hendrik Röller, Zhentang Zhang
Diskussionspapiere 464 / 2005
This paper argues that - in contrast to an often expressed view - the formation of larger and more powerful buyers need not reduce welfare by stifling suppliers' incentives. If contracts are determined in bilateral negotiations, the presence of larger buyers may both increase suppliers' incentives for product improvement and induce suppliers to choose a more efficient technology. The paper also isolates ...
2005| Roman Inderst, Christian Wey
Weekly Report 18 / 2005
On 1 May 2004 eight former socialist countries - Estonia, Latvia, Lithuania, Poland, the Czech Republic, the Republic of Slovakia, Hungary and Slovenia - joined the European Union. In the accession year the new EU member states have experienced powerful macroeconomic dynamics, and convergence of per capita income within the new EU-25 was progressing. However, it is remarkable that, for the accession ...
2005| Timo Baas, Mechthild Schrooten