ZEW Discussion Papers


Mit diesen Beiträgen, die überwiegend in Englisch verfasst sind, beteiligen sich die Forscher/innen des ZEW an wissenschaftlichen Fachdebatten. Die Publikationen enthalten vorläufige Beiträge, die zur Veröffentlichung in Fachzeitschriften vorgesehen sind. Die Discussion Papers können ab 1.1.1998 als pdf-Datei abgerufen werden. Sie richten sich an nationale und internationale Zielgruppen.

  1. ZEW Discussion Paper Nr. 00-69 // 2000

    How Much Does a Year off Cost? - Estimating the Wage Effects of Employment Breaks and Part-Time Periods

    Discontinuities in the employment profile are supposed to cause wage cuts since they imply an interruption in the accumulation of human capital as well as a depreciation of the human capital stock built up in…

  2. ZEW Discussion Paper Nr. 00-68 // 2000

    Management Control and Innovative Activity

    This paper discusses the different incentives of managers versus firm owners to invest in innovative activities. Economic theory proposes different incentives in owner-led firms and manager-controlled firms. In…

  3. ZEW Discussion Paper Nr. 00-67 // 2000

    Control Transfers in Corporate Germany: Their Frequency, Causes and Consequences

    For a sample of almost 1000 German companies through the years 1987-1994 this study shows that there is a significant market for large share blocks. The vast majo-rity of block transfers leads to changes in…

  4. ZEW Discussion Paper Nr. 00-65 // 2000

    The Behaviour of Noise Traders - Empirical Evidence on Purchases of Business Magazines

    According to the prospect theory financial investors tend to sell winners too early and ride losers too long. Hence, financial investors are changing their positions more frequently in a bull market than in a…

  5. ZEW Discussion Paper Nr. 00-63 // 2000

    Consumption and Nutrition: Age-Intake Profiles for Czechoslovakia 1989-1992

    While health receives increasing attention from the economic profession, one can argue that the empirical analysis of household budgets has been motivated at the outset by an important aspect of the study of…

  6. ZEW Discussion Paper Nr. 00-62 // 2000

    What Do Economists Tell Us about Venture Capital Contracts?

    Start-ups in innovative branches require a substantial amount of capital. Their founders may not have sufficient funds to finance the implementation of the ideas alone and might therefore look for outside…

  7. ZEW Discussion Paper Nr. 00-61 // 2000

    Surprises in Scheduled Releases: Why do They Move the Bond Market?

    This paper analyzes the type of information contained in U.S. macroeconomic news releases in order to explain their relative impact on intraday T-bond futures prices quoted at the Chicago Board of Trade. It is…

  8. ZEW Discussion Paper Nr. 00-59 // 2000

    Enrolments in Higher Education in West Germany

    This paper analyses the determinants of participation in higher education in West Germany. In particular, the role of social origin as well as of expectations regarding the labour market outcome of a higher…

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