The aim of this study is to assess the contributions of investment banking to the economy with a particular focus on the German economy. To this end we analyse…
How does social interaction influence an academic's decision to become entrepreneurial and to collaborate with industry? Does the academic's age attenuate or amplify its effects? Since links between science and…
Patenting is widely acknowledged as a major tool to reward innovative firms for their efforts in research and development (R&D). However, many firms decide to keep their inventions secret. Understanding a patent…
This paper focuses on the design of emissions trading schemes in practice. After a short introduction to the general idea of emissions trading, practical requirements for the introduction of an emissions trading…
There are different reasons, why countries trade. The most important one, economists typically refer to, is that trade is a source of wealth. There is, however, a further reason, which usually is not mentioned…
Many of today’s challenges require regulative interventions by policymakers. From an economic perspective, effectiveness, cost-efficiency and distribution issues are crucial for any form of future regulation.…
In a controversial political debate, new environmental technologies are often regarded as a job creator or – due to strict environmental policy – as a job killer. A detailed analysis for these employment effects…
In this paper we use survey responses of mayors from cities and municipalities in the German state of Baden-Württemberg to study the "true" spatial structure of local tax competition. The size of the…
