The differential labor market developments in Germany and in the United States are often cited to support the hypothesis of a trade-off between more jobs for unskilled workers on the one hand, and a less equal…
Our study is based on the traditional Becker-Ehrlich deterrence model, but we analyse the model in the face of currently discussed factors of crime like demographic changes, youth-unemployment and income…
We analyze the effectiveness of public works programs (PWP, Arbeitsbeschaffungs-maßnahmen) in east Germany as measured by their effects on individual future re-employment probabilities in regular jobs. These are…
A sustainable European energy system, mitigating climate change and solving a number of other key environmental problems, will require massive reliance on renewable energy sources combined with a sharp increase…
Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central…
Since the crisis of the Metallgesellschaft AG in 1993, their roll over hedging strategy with short-term oil futures has been a subject of controversal debate. Main issues of this controversy are whether a woll…
Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial environment in which firms operate. Corporate managers, however, rank risk management as…
This paper investigates empirically the interrelationships between the daily stock market returns of the Nikkei 225, DAX and Dow Jones Industrial index. Contrary to former work this paper uses the succession of…
