1. ZEW Economic Studies Bd. 26 // 2004

    Climate Change Policy and Global Trade

    This book synthesises several studies on the potential global impacts of two fundamental international policy initiatives: (i) multilateral agreements on climate protection strategies and (ii) trade agreements…

  2. ZEW-Wirtschaftsanalysen Bd. 73 // 2004

    Internationale Trends der Forschungs- und Innovationspolitik

    Forschung und Innovation werden zunehmend als zentrale Handlungsfelder einer wachstums- und beschäftigungsorientierten Politik angesehen. Hierdurch stellt sich die Frage nach internationalen Trends in der…

  3. ZEW Discussion Paper Nr. 04-20 // 2004

    Discrete Working Time Choice in an Applied General Equilibrium Model

    We present a model that integrates the discrete working time choice of heterogenous households into a general equilibrium setting where wages are determined by sectoral bargaining between firms and trade unions.…

  4. ZEW Discussion Paper Nr. 04-19 // 2004

    Modeling Asset Returns: A Comparison of Theoretical and Empirical Models

    This paper presents and compares several time-series models for returns of broadbased stock indices. These models nest a nonlinear asymmetric GARCH(NGARCH) model as a special case. Some of these models are…