1. ZEW Discussion Paper No. 10-095 // 2010

    Consumer Welfare and Unobserved Heterogeneity in Discrete Choice Models: The Value of Alpine Road Tunnels

    We investigate consumer welfare in transalpine freight transport using micro-data on individual route choice, tackling two core questions. First, to what extent does the way we model unobserved heterogeneity…

  2. ZEW Discussion Paper No. 10-094 // 2010

    Do Environmental Benefits Matter? A Choice Experiment Among House Owners in Germany

    The residential building sector is a major emitter of the greenhouse gas carbon dioxide (CO2) due to the high energy demand for electricity and heating, particularly in industrialised countries. In Germany, for…

  3. ZEW Discussion Paper No. 10-093 // 2010

    Maintaining (Locus of) Control? Assessing the Impact of Locus of Control on Education Decisions and Wages

    This paper investigates the impact of an individual’s level of locus of control, a concept commonly used in social psychology (Rotter, 1966), on educational choices and wages. We establish that more internal…

  4. Refereed Journal // 2010

    The Impact of Personal and Corporate Taxation on Capital Structure Choices

    This paper empirically analyses whether both personal and corporate taxation have an impact on companies' capital structure decisions. We investigate the effect of the difference in taxation of debt and equity…

  5. Refereed Journal // 2010

    Wirkungen eines Betreuungsgeldes bei bedarfsgerechtem Ausbau frühkindlicher Kindertagesbetreuung: Eine Mikrosimulationsstudie

    Our paper analyzes the impact of the introduction of a home care allowance for children between 13 and 36 months of age and explicitly takes the expansion of publicly funded day care into account. We use the…

  6. ZEW Discussion Paper No. 10-092 // 2010

    Words Speak Louder Than Actions: The Impact of Politics on Economic Performance

    In this paper, we present a new approach to disclose the impact of policy preferences of parties on economic growth. We derive policy preferences of parties, such as political ideology and preferences restricted…