ZEW Discussion Papers

In this paper, we develop an agent-based model of the financial market. Agent-based modeling is a simulation-based technique that is gaining popularity in economics. In an agent-based model autonomously acting…

In 2007, international shipping emitted 870 million tons of CO2, which represents about 2.7 percent of worldwide CO2 emissions and it is expected that the emissions from ships will continue to increase…

Driven by the high energy demand for electricity, heating, and cooling, the building sector is a major consumer of fossil fuels and a major emitter of greenhousegases in Germany. Almost a third of the…

That the successful use of process technology crucially depends on the right organizational infrastructure is known for a long time as well as the fact that the adoption of new process technology may need…

While the German wage structure has long been considered relatively stable at lower percentiles, the past two decades have seen a clear tendency towards more earnings inequality at the bottom end of the…

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),…