ZEW Discussion Papers

This paper delineates the simultaneous impact of non-anticipated information on first and second moments of the intraday price process by including appropriate variables accounting for the news flow into both…

Large-scale environmental programs generally commit substantial societal re-sources, making the evaluation of their actual effects on the relevant outcomes imperative. As the example of the subsidization of…

This paper investigates the implications of U.S. withdrawal on environmental effectiveness, economic efficiency, and the distribution of compliance costs taking into account market power of the Former Soviet…

Fixed-term labour contracts were liberalised in Germany in order to raise the flexibility of the labour market. However, empirical studies using industry-level data find no significant effect of FTCs on…

This paper contributes descriptive evidence on the development of the gender wage gap for different skill groups and full-and part-time employees in the U.K. The empirical analysis is based upon the General…

Using a large panel of German manufacturing firms over the years 1986–1996, this study examines the impact of corporate governance and market discipline on productivity growth. We find that firms under…

The Internet is receiving increasing attention as a medium for technology transfer between public research and the enterprise sector. Based on a survey of public research units in natural sciences and…

Within the framework of Monte Carlo experiments, this paper systematically compares different versions of the simulated z-test (using the GHK simulator) in one and multiperiod multinomial probit models. One…

The Eastern European Associates (EEA) have committed to reduce greenhouse gas emissions according to their targets set in the Kyoto Protocol. Furthermore since 1993 trade liberalization has taken place between…