ZEW Discussion Papers


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. 00-65 // 2000

    The Behaviour of Noise Traders - Empirical Evidence on Purchases of Business Magazines

    According to the prospect theory financial investors tend to sell winners too early and ride losers too long. Hence, financial investors are changing their positions more frequently in a bull market than in a…

  2. ZEW Discussion Paper No. 00-63 // 2000

    Consumption and Nutrition: Age-Intake Profiles for Czechoslovakia 1989-1992

    While health receives increasing attention from the economic profession, one can argue that the empirical analysis of household budgets has been motivated at the outset by an important aspect of the study of…

  3. ZEW Discussion Paper No. 00-62 // 2000

    What Do Economists Tell Us about Venture Capital Contracts?

    Start-ups in innovative branches require a substantial amount of capital. Their founders may not have sufficient funds to finance the implementation of the ideas alone and might therefore look for outside…

  4. ZEW Discussion Paper No. 00-61 // 2000

    Surprises in Scheduled Releases: Why do They Move the Bond Market?

    This paper analyzes the type of information contained in U.S. macroeconomic news releases in order to explain their relative impact on intraday T-bond futures prices quoted at the Chicago Board of Trade. It is…

  5. ZEW Discussion Paper No. 00-59 // 2000

    Enrolments in Higher Education in West Germany

    This paper analyses the determinants of participation in higher education in West Germany. In particular, the role of social origin as well as of expectations regarding the labour market outcome of a higher…

  6. ZEW Discussion Paper No. 00-58 // 2000

    Quantification of Qualitative Data Using Ordered Probit Models with an Application to a Business Survey in the German Service Sector

    This paper aims at providing business survey analysts with simple econometric tools to quantify qualitative survey data. We extend the traditional and commonly applied method proposed by Carlson and Parkin…

  7. ZEW Discussion Paper No. 00-54 // 2000

    Loosening Hours Constraints on the Supply of Labor - What if Germans Had a Dutch Labor Market?

    The lack of working hours flexibility is regarded as an important hindrance for work-sharing in Germany. Surveys show that employees often work more hours than they actually desire to. Given these indications on…

  8. ZEW Discussion Paper No. 00-46 // 2000

    Industry-level Emission Trading Between Power Producers in the EU

    In this paper we investigate how restrictions for emission trading to the energy-intensive power sector will affect the magnitude and distribution of abatement costs across EU countries vis-à-vis a comprehensive…

  9. ZEW Discussion Paper No. 00-42 // 2000

    Investment Opportunities in Central and Eastern European Equity Markets

    This study focuses on the diversification benefits of the most developed equity markets of Central and Eastern Europe (CEE). To evaluate these benefits of diversification we use so-called spanning tests based on…

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