ZEW Discussion Papers

While there are numerous studies on the measurement of the technical or cost efficiency of local governments, the analysis of the main drivers of this efficiency has attracted far less attention in this…

Social software serves in particular the communication, cooperation and information sharing between individuals and includes applications like blogs, wikis or online communities. Common to all of these…

This paper investigates price formation in the European Union Emissions Trading Scheme (EU ETS). The aim of the paper is to know what is happening to the European Union Allowance (EUA) price, when new…

Cross-section inequality increased in the last decade in Germany. Wage mobility can at least partly offset the increase in cross-section inequality and thus leads to a better understanding of inequality and…

Drawing on a large-scale German Linked Employer- Employee data set, this paper studies the extent to which employers insure workers against firm-level shocks. Particular emphasis is given to the question of…

A sizeable literature reports that financial market analysts and forecasters herd for reputational reasons (See e.g. Devenow and Welch (1996) and Hirshleifer and Teoh (2003) for surveys). As an example, Lamont…

New firms are regarded to be of substantial importance for the development of an economy, especially for innovation, growth, and the creation of jobs. However, new firms also face a high risk of failure. Thus,…

Company-wide packages of enterprise software for planning and controlling business processes, referred to as enterprise systems, are widely used in many different industries throughout many countries around…