ZEW Discussion Papers

Overview

Researchers at the ZEW participate in scientific debates by publishing their papers. The papers are predominantly in English (marked). For the German papers an English abstract is available. The contributions are intended for a final publication in special interest titles. The discussion papers can be downloaded as PDF or PostScript files starting from 1.1.1998. They aimed at national and international target groups.

  1. ZEW Discussion Paper No. 22-068 // 2022

    COVID-19 and the Formation of Energy Conservation Routines: Disentangling the Relative Importance of Attention and Income Shocks

    We examine the impact of the COVID-19 pandemic on the formation of energy conservation routines. To do so, we use data from two nationwide surveys of German households, conducted before and during the pandemic.…

  2. ZEW Discussion Paper No. 22-067 // 2022

    Global Payment Disruptions and Firm-Level Exports

    We exploit proprietary information on severed correspondent banking relationships — due to the stricter enforcement of financial crime regulation — to assess how payment disruptions impede cross-border trade.…

  3. ZEW Discussion Paper No. 22-066 // 2022

    Bank Manager Sentiment, Loan Growth and Bank Risk

    We build a textual score measuring the tone of bank earnings press release documents. We use this measure to define bank manager sentiment as the variation in the textual tone score which is orthogonal to…

  4. ZEW Discussion Paper No. 22-065 // 2022

    Measuring the Digitalisation of Firms – A Novel Text Mining Approach

    Due to the omnipresence of digital technologies in the economy, measuring firm digitalisation is of high importance. However, current indicators show several shortcomings, e.g., they lack timeliness and regional…

  5. ZEW Discussion Paper No. 22-064 // 2022

    First Best Implementation With Costly Information Acquisition

    We study mechanism design with flexible but costly information acquisition. There is a principal and four or more agents, sharing a common prior over the set of payoff-relevant states. The principal proposes a…

  6. ZEW Discussion Paper No. 22-063 // 2022

    Measuring Democracy

    This short article contributes to the Elgar Encyclopedia of Public Choice by summarizing the literature on the measurement of democracy. I proceed in two step. In the first part, I describe the classical…

  7. ZEW Discussion Paper No. 22-062 // 2022

    Motivated Beliefs in Auctions

    In auctions bidders are usually assumed to have rational expectations with regards to their winning probability. However, experimental and empirical evidence suggests that agent's expectations depend on direct…

  8. ZEW Discussion Paper No. 22-061 // 2022

    Immigration and the Top 1 Percent

    We study the contribution of migrants to the rise in UK top incomes. Using administrative data on the universe of UK taxpayers, we show migrants are over-represented at the top of the income distribution, with…

  9. ZEW Discussion Paper No. 22-060 // 2022

    Congestion Management Games in Electricity Markets

    This paper proposes a game-theoretic model to analyze the strategic behavior of inc-dec gaming in market-based congestion management (redispatch). We extend existing models by considering incomplete information…

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Kerstin Heres

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