ZEW Discussion Papers

Investment behavior is influenced by corporate taxation. High taxes hinder investment, whereas low tax rates favor it, especially within a context of cross- border direct investment. This claim is backed by …

On March 16, 2011, the European Commission released the long-awaited Draft Council Directive on a Common Consolidated Corporate Tax Base (CCCTB). With the Draft Council Directive the Commission aims to…

Behavioral economics has provided striking insights that are contrary to the standard economic framework. Years of experiments, in laboratories as well as in the field, have shown the diversity of human…

In the last decade, the domestic U.S. airline industry has experienced a substantial consolidation trend. In addition to a number of high level mergers such as American Airlines – Trans World Airlines (2001),…

According to the European Court of Justice, any citizen or business who suffered harm as a result of a breach of the antitrust rules of the European Union (EU) should be able to obtain compensation from the…

Since 2004, the European Commission (EC) has taken a number of steps to develop a legal framework that allows victims of EU antitrust infringements to obtain compensation. In its Green Paper on damages actions…

In this paper, we estimate the effect of subsidies granted by the Flemish government(northern region of Belgium) on R&D spending and R&D employment in recipient firms. As econometric treatment effects studies…

The provision of public goods often faces the problem that agents need to voluntarily decide on their own contributions or – alternatively – have to agree upon some desired provision level of the public good in…

In this working paper we analyse bank screening with regard to the use of hard and soft information. We are interested in differences in the effect of an external credit rating on the use of bank finance, the…