This paper explores the role of 4.0 technologies in three dimensions. First, we examine the patterns and trends in the emergence of 4.0 technologies in Europe, differentiating between technology groups (core,…
While carbon taxes are generally seen as a rational policy response to climate change, knowledge about their performance from an expost perspective is still limited. This paper analyzes the emissions and cost…
We analyze the effects of a large place-based policy, subsidizing up to 50% of investment costs of manufacturing firms in East Germany after reunification. We show that a 1-percentage-point decrease in the…
The COVID-19 pandemic has put the public finances of industrial countries under severe stress. The resulting recession has not only led to shortfalls in tax revenues but also to increased public expenditures.…
Natural hazard insurance is advocated as an important means of risk management, however, private insurance demand often remains below critical levels. Prior loss experience and the design of governmental relief…
Contributions to Edited Volumes and Conference Proceedings
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2021
We study the relative performance of the first-price sealed- bid auction, the second-price sealed-bid auction, and the all-pay sealed-bid auction in a laboratory experiment where bidders can signal…
We analyze the problem of a buyer who purchases a long-term project from one of several suppliers. A changing state of the world influences the costs of the suppliers. We distinguish between complete…
Contributions to Edited Volumes and Conference Proceedings
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2021
