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DIW Weekly Report 32 / 2019

High Risk of a Housing Bubble in Germany and Most OECD Countries

Housing prices in many countries have increased significantly over the past years, fueling a fear that speculative price bubbles will return. However, it can be difficult for policymakers to recognize when regulatory interventions in the market are .

2019| Konstantin A. Kholodilin, Claus Michelsen
Brown Bag Seminar Cluster Industrial Economics

Evaluation of Bidding Groups in First-price Auctions

Abstract: In this paper, we analyze bidding groups that participate in procurement auctions. Our main question is to ask, whether in the absence of the joint bid, there could have been two or more independent bids and if yes, these bids yield a ...

11.10.2019
Brown Bag Seminar Cluster Industrial Economics

Incumbency Advantage: Theory and Possible Applications

Joanna and Christoph will do a joint IOBB to exchange ideas on a possible project on incumbency advantage and mergers in procurement auctions. In the first part of the seminar, they will discuss possible theoreotical explanations and consequences of ...

01.11.2019| Joanna Piechucka
Externe referierte Aufsätze

The Effects of Second-Generation Rent Control on Land Values

Second generation rent control seeks to prevent negative quantity effects by exempting newly built units. The artificially lowered rent in the controlled segment makes renting attractive for households that would otherwise not have rented in the ...

In: AEA Papers and Proceedings 109 (2019), S. 385-388 | Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin
Externe referierte Aufsätze

On DSGE Models

The outcome of any important macroeconomic policy change is the net effect of forces operating on different parts of the economy. A central challenge facing policymakers is how to assess the relative strength of those forces. Economists have a range

In: Journal of Economic Perspectives 32 (2108), 3, S. 113-140 | Lawrence J. Christiano, Martin S. Eichenbaum, Mathias Trabandt
Diskussionspapiere 1832 / 2019

Rent Control, Market Segmentation, and Misallocation: Causal Evidence from a Large-Scale Policy Intervention

This paper studies market segmentation that arises from the introduction of a price ceiling in the market for rental housing. When part of the market faces rent control, theory predicts an increase of free-market rents, a consequence of misallocation

2019| Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin
DIW Weekly Report 38 / 2019

Housing Market Regulation Has Contributed to the Worldwide Triumph of Home Ownership

The present report presents new historical data based on country comparisons and research results regarding rent control and its long-term effect on the home ownership rate in 27 countries. Policy measures of rent control, protection against eviction

2019| Konstantin Kholodilin, Sebastian Kohl
Video

BCCP Conference and Policy Forum 2019: Policy Roundtable: Consumer and Competition Policy in Times of Rising Corporate Power

In the closing policy roundtable about Consumer and Competition Policy in Times of Rising Corporate Power, panelists Amelia Fletcher (University of East Anglia and Centre for Competition Policy), Marit Hansen (State of Schleswig-Holstein), Stefan ...

22.07.2019| Veranstaltungsrückblick
Video

BCCP Conference and Policy Forum 2019: Panel 2: Political Consequences of Corporate Power in Digital Markets

In the first afternoon session, Matthew Gentzkow (Stanford University) and Helen Margetts (University of Oxford) presented their research on the political consequences of corporate power in digital markets.

22.07.2019| Veranstaltungsrückblick
275 results, from 1