In a joint initiative, the political leaders of France and Germany have proposed to set up a EUR 500 billion fund to support the recovery of the EU economy from the COVID-19 recession. The…
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The ongoing process of digitalisation has contributed to strong growth in the platform economy. Online mediation platforms enable business interactions among consumers in order to exchange goods and services.…
We study the political economy of allocation decisions within a major state investment bank. Our focus is the European Investment Bank (EIB) - "The Bank of the EU" - which is the largest multilateral lending…
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income…
Organisation capital is a key intangible asset, driving innovation and firm performance. Measuring this asset is notoriously difficult. This paper applies a firm-level production function approach including, in…
International carbon markets are frequently propagated as an efficient instrument for reducing CO2 emissions. We argue that such markets, despite their desirable efficiency properties, might not be in the best…
