ZEW Discussion Papers

This study investigates the determinants of changes in corporate ownership and firm failure, taking into account different types of sellers and buyers of control blocks. For a large panel of German corporations…

This paper provides an overview of the treatment of technological change in economic models of environmental policy. Numerous economic modeling studies have confirmed the sensitivity of mid- and long-run…

We consider the development of German federal research and technology (R&T) policies since the 1960s and sketch the evolution of today’s highly differentiated and complex set of policy instruments. Advances…

This paper delineates the simultaneous impact of non-anticipated information on first and second moments of the intraday price process by including appropriate variables accounting for the news flow into both…

Large-scale environmental programs generally commit substantial societal re-sources, making the evaluation of their actual effects on the relevant outcomes imperative. As the example of the subsidization of…

This paper investigates the implications of U.S. withdrawal on environmental effectiveness, economic efficiency, and the distribution of compliance costs taking into account market power of the Former Soviet…

Fixed-term labour contracts were liberalised in Germany in order to raise the flexibility of the labour market. However, empirical studies using industry-level data find no significant effect of FTCs on…

This paper contributes descriptive evidence on the development of the gender wage gap for different skill groups and full-and part-time employees in the U.K. The empirical analysis is based upon the General…

Using a large panel of German manufacturing firms over the years 1986–1996, this study examines the impact of corporate governance and market discipline on productivity growth. We find that firms under…