ZEW Discussion Papers

In this paper, a practicable scheme of SO2-emission permits for European power producers is developed. Background is the second UN-ECE Sulphur Protocol from 1994 (Protocol of Oslo). After discussing some…

This paper deals with the innovation behavior and the R&D activities at the firm level in East Germany. The theoretical and empirical analyses lead to the conclusion that the relatively low level of the R&D…

This paper investigates empirically the interrelationships between the daily stock market returns of the Nikkei 225, DAX and Dow Jones Industrial index. Contrary to former work this paper uses the succession of…

The objective of this paper is to present different equity rules that can be applied to the initial allocation of greenhouse gas entitlements and to analyse the potential impacts of these rules EU-wide as well…

War mit der Vereinigung Deutschlands ein starker Anstieg in der Mitgliederzahl der Gewerkschaften in Deutschland einhergegangen, erleben sie seit 1992 einen umso stärkeren Einbruch. Die von den Verbänden…

In this paper we analyze the permanent price impact of trades in financial markets by investigating the relation between unexpected net order flow and price changes. We mainly focus on four questions. Does large…

The contribution of New Technology-based Firms (NTBFs) to long term economic development is at the centre of a controversial debate. The paper deals with the question whether NTBFs grow faster than…

The specification of the world closure, i.e. the way of closing the domestic economy model by incorporating the external sector, is a crucial component for those models in which production and consumption is not…

We analyze the effectiveness of public works programs (PWP, Arbeitsbeschaffungs-maßnahmen) in east Germany as measured by their effects on individual future re-employment probabilities in regular jobs. These…