ZEW Discussion Papers

A major reform of the German regional passenger railway services was established with the so called Regionalisierungsgesetz in 1996. As a consequence, regional passenger railway services have been procured by…

The evaluation of long-term eects of climate change in cost-benet analysis has a long tradition in environmental economics. Since the publication of the Stern Review in 2006 the debate about the "appropriate"…

The assessment of climate change mitigation policies mainly depends on three not mutually exclusive modeling decisions: First, the chosen discount rate, since costs are incurred today and long-term benefits…

Since the problem of climate change has drawn attention both in political and academic agenda, the question of how much people are willing to pay for the mitigation of global warming has been a subject of keen…

At times, the term structural change has been used largely in debates regarding increasing unemployment in industrial nations because of movements of industries into low-wage countries. Therefore, structural…

The creation of spinoff companies is often promoted as a desirable mechanism for transferring knowledge and technologies from research organizations to the private sector for commercialization. However, when…

Studying wage dynamics has been a key element of labor economics for a long time. One major finding is the widening of the wage distribution in most developed countries that started in the 1970s in several…

Time preferences play an important role in economics. Among others, time preferences are responsible for the decision on how much people invest in human capital and schooling. For instance stronger preferences…

Since the introduction of the EU Emissions Trading System (EU ETS) in 2005, a new area of research has developed within the field of applied econometrics: Carbon Finance. Carbon Finance focuses on the analysis…