1. Discussion and Working Paper // 2021

    Benefits of Investing into the Development of 4IR-Related Technologies

    The Fourth Industrial Revolution (4IR) presents a major technology transformation towards a data-driven economy, associated with both high costs and potential benefits. We build and estimate a dynamic discrete…

  2. Discussion and Working Paper // 2021

    Generation, Diffusion and Productivity Effects of Industry 4.0 Technologies

    This paper explores the role of 4.0 technologies in three dimensions. First, we examine the patterns and trends in the emergence of 4.0 technologies in Europe, differentiating between technology groups (core,…

  3. Discussion and Working Paper // 2021

    The fight against financial crime: How global banks' de-risking affects trade and the local economy

    This paper investigates the importance of correspondent banking for trade and firm performance in emerging Europe. We exploit the unexpected "structural break" in the U.S. regulator’s enforcement of financial…

  4. Discussion and Working Paper // 2021

    Representation is Not Sufficient for Selecting Gender Diversity

    Representation of women and minorities in a “selectorate”—the group that chooses an organization's leaders—is a key mechanism for promoting diversity. We show that representation, on its own, is not…

  5. Discussion and Working Paper // 2021

    Die Online-Plattform MINE - eine Brücke zwischen Umwelt und Wirtschaft

    The sustainable management of natural resources is one of the most important tasks humanity faces. The interdisciplinary online platform MINE-Mapping the Interplay between Nature and Economy…

  6. Discussion and Working Paper // 2021

    Price Matching Guarantees and Collusion: Theory and Evidence from Germany

    On May 27, 2015, the Shell network of gas stations in Germany introduced a Price Matching Guarantee (PMG) available to its card-carrying members. In the ensuing weeks, a series of attempts at tacit collusion…