1. Refereed Journal // 2026

    Stationary Bandits, State Capacity, and the Malthusian Transition: The Lasting Impact of the Taiping Rebellion

    We examine the long-term regional development effects of the Taiping Rebellion (1850–1864), one of the deadliest civil wars in human history and a critical juncture in China’s path toward modernity. Our analysis…

  2. Refereed Journal // 2026

    The EU’s new era of “fair company taxation”: the impact of DEBRA and Pillar Two on the EU Member States’ effective tax rates

    The European Union (EU) recently implemented the Minimum Tax Directive (Pillar Two) to ensure that profits of large companies are at least taxed at 15%. At the same time, the European Commission proposed the…

  3. Refereed Journal // 2026

    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…

  4. Refereed Journal // 2025

    The global software production network

    Can developing countries benefit from exporting opportunities in the growing sector of tradable services, given the near free information flow via the internet and wage differentials relative to developed…

  5. Refereed Journal // 2025

    Immigration and the Top 1 Percent

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

  6. Contributions to Edited Volumes and Conference Proceedings // 2025

    Zwischen Markt und Staat – Gemeinwohlziele und Wettbewerb

  7. ZEW-Branchenreport Informationswirtschaft // 2025

    4. Quartal 2025

    • Stimmung in der Informationswirtschaft trübt sich erneut ein
    • Unternehmen blicken skeptisch auf EU-Richtlinie zur Cybersicherheit
  8. ZEW Discussion Paper No. 25-064 // 2025

    Turbulence Ahead: Economic Policies for Decarbonizing Aviation

    We study the design of climate policy for hard-to-abate sectors, focusing on global aviation. We build a spatial equilibrium model that links ticket booking data, the global airline network, and…

  9. ZEW policy brief No. 25-10 // 2025

    Rethinking Tracking: Lessons from Hungary for German Education Reform

    Educational tracking – separating students into different classes, tracks, or schools based on ability – is relatively commonplace worldwide, despite mixed evidence concerning how it affects student outcomes.…

  10. Branchenreport Innovationen // 2025

    2025 – Unternehmensdienste

    Jahrg. 33 ∙ Nr. 47 ∙ Januar 2026

    Der Branchenreport Innovation für die Branche Unternehmensdienste stellt die Innovationsleistung der Branche im Jahr 2024 dar. Der Anteil der Unternehmen mit Produktinnovationen…