ZEW Discussion Papers

The empirical term structure literature shows that long-term interest rates are not merely a combination of expected short-term interest rates and a constant risk premium, as the so-called Expectation Hypothesis…

This paper examines the scope and value of targeted advertising in the German magazine industry. We use data on reader characteristics at individual media, in contrast to previous work that has needed to infer…

This paper studies the effects of a reference price reform in Denmark on price and demand for statins, products that reduce the blood cholesterol levels. Too high cholesterol levels may cause cardiovascular…

Climate change is seen as a problem facing current and future generations. Two measures exist in order to cope with its potential effects: mitigation and adaptation. Mitigation describes all measures which aim…

Established firms' difficulty to innovate has been discussed extensively among economists. In contrast to incumbent firms, industry entrants are often described to be more flexible and innovative, setting forth…

Expected Utility (EU) theory is not only applied to individual choices but also to ethical decisions, e.g. in cost-bene t analysis of climate change policy measures that a ect future generations. In this context…

Large differences in the unemployment rates of industrialized countries and the underlying causes of unemployment have been subject of recurring discussion for a long time. Since the early 90's, labor and…

Publicly funded day care for children under the age of 3 is used less frequently in Germany compared to other (especially Nordic) countries. Supply of day care is still scarce for this age group. In order to…

The purpose of this paper is to analyse the cost pass-through potential, i.e. the ability of firms in German industrial sectors participating in the EU Emissions Trading Scheme (EU ETS) to adjust output prices…