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Weitere Aufsätze

Market Integration and the Competitive Effects of Mergers

In: Ulrich Blum, Christian Wey, Klaus F. Zimmermann (Eds.) , Globalization and Competition
Berlin : Duncker & Humblot
S. 27-48
Applied Economics Quarterly Supplement : Beihefte der Konjunkturpolitik ; 59
| Pio Baake, Christian Wey
Diskussionspapiere 778 / 2008

Mortgage Market Maturity and Homeownership Inequality among Young Households: A Five-Country Perspective

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

The Cross-Section of Output and Inflation in a Dynamic Stochastic General Equilibrium Model with Sticky Prices

Cambridge: University of Cambridge, 2008, 20 S.
(Cambridge Working Papers in Economics ; 0853)
| Jörg Döpke, Michael Funke, Sean Holly, Sebastian Weber
Diskussionspapiere 809 / 2008

Green, Brown, and Now White Certificates: Are Three One Too Many? A Micromodel of Market Interaction

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 758 / 2007

What Drives Housing Prices Down? Evidence from an International Panel

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
Externe referierte Aufsätze

Buyer Power and Supplier Incentives

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, ...

In: European Economic Review 51 (2007), 3, S. 647-667 | Roman Inderst, Christian Wey
Diskussionspapiere 568 / 2006

New Networks, Competition and Regulation

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
Externe referierte Aufsätze

Bundling of Social and Private Goods and the Soft Budget Constraint Problem

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 ...

In: Journal of Comparative Economics 33 (2005), 1, S. 47-58 | Lars-Hendrik Röller, Zhentang Zhang
Externe referierte Aufsätze

A Note on R&D and Price Elasticity of Demand

In: Jahrbücher für Nationalökonomie und Statistik 225 (2005), 6, S. 688-698 | Dorothea Lucke, Philipp J. H. Schröder, Dieter Schumacher
Externe referierte Aufsätze

International Market Integration for Natural Gas? A Cointegration Analysis of Prices in Europe, North America and Japan

This paper investigates the degree of integration of natural gas markets in Europe, North America and Japan in the time period between the early 1990s and 2004. The relationship between international gas market prices and their relation to the oil price are explored through principal components analysis and Johansen likelihood-based cointegration procedure. Both of them show a high level of natural ...

In: Energy Economics 27 (2005), 4, S. 603-615 | Boriss Siliverstovs, Guillaume L'Hégaret, Anne Neumann, Christian von Hirschhausen
342 results, from 301