ZEW Discussion Papers

The huge difference in the level and variance of student performance in the 2000 PISA study between Finland and Germany motivates this paper. It analyses why Finnish students performed so much better by…

Non-technical Summary This study analyses the dollar exposure of large German companies, i.e. value change of companies associated with changes of the price of the US dollar, and the determinants of this…

The aim of the Integrated Product Policy (IPP) is to promote product-related eco-innovations. These, in turn, depend on both support for the development of environmentally-friendly products and stimulation of…

This paper analyses the impact of the monetary regime change from the Bundesbank to the ECB in 1999 on inflation expectations. In the theoretical part, the Barro-Gordon model is used to derive the potential…

Classical single-factor comparable company valuation (CCV) like e.g. valuation using the price-earnings ratio is associated with several shortcomings. The two most important are the non-applicability of…

Diese Arbeit untersucht empirisch den Zusammenhang von Beschäftigung und Lohnstrukturen zwischen sowie innerhalb von Qualifikations- und Altersgruppen. Zunächst werden Substitutionselastizitäten zwischen…

We investigate different techniques to assess the gender pay gap in five EU countries (France, Germany, Italy, Spain and United Kingdom), focusing on self-selection into market work. Results show that selectivity…

Abstract: In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall comeinto power. The key objective of the trading scheme is to promote cost-efficiency of carbon reduction within…

Exploiting the unique economic situation after German unification, I investigate how exit decisions deviate between new firms in a transition and a comparatively stable market environment. Two competing exit…