1. Refereed Journal // 2018

    ICT and Economic Growth - Comparing Developing, Emerging and Developed Countries

    This paper analyzes the impact of information and communication technologies (ICT) on economic growth in developing, emerging and developed countries. The main question is whether the gains from investments in…

  2. Refereed Journal // 2018

    How different policy instruments affect green product innovation: A differentiated perspective

    Based on representative firm-level data for the three countries Austria, Germany, and Switzerland, we investigate the effects of energy-related regulations, taxes, voluntary agreements, and subsidies on the…

  3. Refereed Journal // 2018

    Comparison of parametric and semiparametric representations of unobserved preference heterogeneity in logit models

    The logit-mixed logit (LML) model is a very recent advancement in semiparametric discrete choice models. LML represents the mixing distribution of a logit kernel as a sieve function (polynomials, step…

  4. Refereed Journal // 2018

    Extending the logit-mixed logit model for a combination of random and fixed parameters

    The logit-mixed logit (LML) model, which allows the analyst to semi-parametrically specify the mixing distribution of preference heterogeneity, is a very recent advancement in logit-type choice models. In…

  5. Refereed Journal // 2018

    Public Subsidies and New Ventures’ Use of Bank Loans

    Access to financial resources is crucial for young firms to strive. To foster innovation and growth in these firms, governments address financing constraints by initiating public support programs. For such…

  6. Refereed Journal // 2018

    Electricity Market Integration and the Impact of Unilateral Policy Reforms

    We investigate the impact that two German energy reforms—phase-out of nuclear power plants after the Fukushima incident and expansion of renewables due to fixed feed-in tariffs—had on neighbouring countries’…

  7. Refereed Journal // 2018

    When Do Firms Leave Cartels? Determinants and the Impact on Cartel Survival

    We use a dataset of 615 firms which participated in 114 illegal cartels – convicted by the European Commission between 1999 and 2016 – to investigate the determinants of the duration of a firm’s…

  8. Refereed Journal // 2018

    Corporate science, firm value, and vertical specialization: evidence from the semiconductor industry

    We examine the involvement of firms in scientific research and its implications for valuation in the context of the US semiconductor industry. We specifically compare design-oriented fabless firms to …

  9. Refereed Journal // 2018

    Rent Sharing to Control Non-Cartel Supply in the German Cement Market

    The project was financially supported by the State Government of Baden-Württemberg, Germany, through the research program Strengthening Efficiency and Competitiveness in the European Knowledge Economies (SEEK).…