We study the effects of the car scrapping subsidies in Europe during the financial crisis. We make use of a rich data set of all car models sold in nine European countries, observed at a monthly level during…

Google, Apple and other highly profitable multinationals are able to drastically reduce their tax burden on worldwide income by shifting profits from high- to low-tax countries. Reports on these tax avoidance…

Financing is a crucial but scarce factor especially in technology-oriented industries where the risk of failure is high and information asymmetries are substantial, e.g. because the marketplace for the new and…

Mengenentwicklung dürfte Spielraum für höhere Transportpreise eröffnen

Die Stimmung in der Transportbranche hat sich in der zweiten Hälfte des Jahres 2013 deutlich verbessert. In den nächsten sechs Monaten wird…

• Member States Can Save Billions with the Help of the EU in Defence and Representation
• Information Economy: More and More People are Able to Work Outside the Office
• Praise and Recognition for the Top Employees Can…

This paper focuses on finding starting-values for maximum likelihood estimation of Vector STAR models. Based on a Monte Carlo exercise, different procedures are evaluated. Their performance is assessed w.r.t.…

Competitive production costs compared to conventional fuels are imperative for biofuels to gain market shares, as current tax advantages for biofuels are only temporary. Comparing production costs of different…