ZEW Discussion Papers

This study analyzes portfolio recommendations of financial experts, finding significant differences in portfoliostructure depending on the experts'institutional background. The recommendations stem from a survey…

This paper analyses the link between human capital and information technology (IT) in the service production process. The analysis is based on 1994 cross-sectional data for 1929 German firms drawn from the first…

In the context of climate protection policy it has been suggested that global CO2 emissions should be reduced significantly (contraction) and that per capita emissions should gradually be equalized across…

We analyze the economic effects of the differentiated targets for carbon abatement in six European Union member states. Our recursively-dynamic model includes a detailed representation of trade and energy…

During the next few years, the German football industry will changedramatically. New distribution channels and initial public offerings willlead to large inflows of capital and hence funds for investment.…

This paper challenges the assertion that European politics would be closer to the citizens preferences if decision power were transferred from the Council of Ministers to the European Parliament. On the one…

We use a stylized model to show that, if transfers to the poor are founded on a security argument, there is a negative trade-off between law enforcement expenditures and criminality. In contrast, if transfers…

The paper considers governments' public procurement decision as a way of influencing industry structure. In a federation in which capital is mobile and capital taxation is harmonized, a home bias in public…

Tax competition arguments suggest that a government that operate in an open economy (such as local governments) should not and will not rely on non-benefit taxes, such as the income tax. Yet we observe reliance…