ZEW Discussion Papers

Young Innovative Companies (YICs) recently gained attention in economic literature and in European policy. YICs are small, young and highly intensively engaged in innovation activities. Due to these…

Since the first decades of the 20th century scholarly activity in economics has expanded rapidly. Indeed, the cumulative stock of journal articles in economics has doubled every fourteen years. A century ago,…

Resale price maintenance (RPM) arises when a manufacturer fixes the price at which retailers resell the manufacturer’s products. There is wide consensus among policymakers and economists that RPM can facilitate…

Research and development activities encompass a myriad of activities which are usually summarized under the terms of basic research, applied research and development. By contrast to applied research and…

The present study compares exchange rate expectations of "chartists" and "fundamentalists". "Chartists" are those financial market participants who base their forecasts and actions on past price movements of…

The paper contributes to the analysis of how offshoring has an impact on labor market outcomes in terms of labor income. Special attention is given to the link between offshoring and income risk - an aspect of…

In a linear regression model, specifying the conditional mean of a variable (outcome y) as a linear function of a set of explanatory variables (regressors x ), E(y|x) = xθ, absence of correlation between the…

Local labor markets show strong regional differences in labor outcomes and economic conditions. Regional differences affect the welfare of local populations as well as the effectiveness of local policy…

The acquisition of ownership rights by a firm in its suppliers is a common feature in various industries. Often, these acquisitions are reduced to a participation in the target's cash flow, and not associated…