ZEW Discussion Papers

Overview

Researchers at the ZEW participate in scientific debates by publishing their papers. The papers are predominantly in English (marked). For the German papers an English abstract is available. The contributions are intended for a final publication in special interest titles. The discussion papers can be downloaded as PDF or PostScript files starting from 1.1.1998. They aimed at national and international target groups.

  1. ZEW Discussion Paper No. 06-032 // 2006

    Asset Pricing with a Reference Level of Consumption: New Evidence from the Cross-Section of Stock Returns

    New version, original title: Consumption-Based Asset Pricing with a Reference Level: New Evidence from the Cross-Section of Stock Returns

    This paper presents an empirical evaluation of recently proposed asset…

  2. ZEW Discussion Paper No. 06-094 // 2006

    Dynamic R&D Incentives with Network Externalities

    This paper studies the incentives to undertake uncertain R&D initiatives in a dynamic duopoly network industry. It is shown that network externalities positively affect the incentives to invest in R&D. In the…

  3. ZEW Discussion Paper No. 06-093 // 2006

    R&D Incentives, Compatibility and Network Externalities

    This paper analyzes the impact of network externalities on R&D competition between an incumbent and a potential entrant. The analysis shows that the incumbent always invests more than the entrant in the…

  4. ZEW Discussion Paper No. 06-092 // 2006

    Unemployment Duration in Germany: Individual and Regional Determinants of Local Job Finding, Migration and Subsidized Employment

    Recent labor market reforms in Germany aim, among other things, at reducing unemployment by restricting passive unemployment measures, emphasizing local labor market policies and re-structuring public employment…

  5. ZEW Discussion Paper No. 06-091 // 2006

    Rivals or Partners? Evidence from Europe's International Private Equity Deals

    Cross-border private equity deals have increased substantially in recent years. This study looks at the issue of how European investors view their local counterparts in the portfolio companies’ home countries.…

  6. ZEW Discussion Paper No. 06-089 // 2006

    Die Entscheidung über betriebliche Weiterbildungsinvestitionen - Eine empirische Analyse mit dem Mannheimer Innovationspanel

    Mit den Daten des Mannheimer Innovationspanels wird für die Jahre 1999 bis 2002 untersucht, welche Faktoren die zweistufige betriebliche Weiterbildungsentscheidung determinieren. Eine Probit-Schätzung zeigt,…

  7. ZEW Discussion Paper No. 06-088 // 2006

    Distributional Effects of the High School Degree in Germany

    This paper investigates the impact of a high school degree on the wage distribution in the period from 1984 to 2004 in Germany. In that period the share of male workers with a high school degree increased from…

  8. ZEW Discussion Paper No. 06-087 // 2006

    Accuracy and Properties of German Business Cycle Forecasts

    In this paper the accuracy of a wide range of German business cycle forecasters is assessed for the past 10 years. For this purpose, a data set is used comprising forecasts published on a monthly basis by…

  9. ZEW Discussion Paper No. 06-086 // 2006

    Works Councils and the Anatomy of Wages

    This paper provides the first full examination of the effect of German works councils on wages using matched employer-employee data (specifically, the LIAB for 2001). We find that works councils are associated…

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