ZEW Discussion Papers

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…

Information and communication technologies (ICT) play a crucial role in higher education. They modify the scope, the borders and the content of learning. Most of European Universities try to change their…

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…