1. Refereed Journal // 2015

    Policy-Induced Environmental Technology and Inventive Efforts: Is There a Crowding Out?

    Substantial policy effort is devoted to stimulate environmentally friendly technology through regulation and subsidies. Since innovation is a crucial productivity driver, a potential crowding out of inventive…

  2. Refereed Journal // 2015

    Measuring Fuel Poverty: General Considerations and Application to German Household Data

    Indicators of energy affordability and fuel poverty are a powerful tool to identify the most vulnerable households and to avoid imposing excessive burdens by climate policy. Fuel-poverty measurement consists of…

  3. ZEW Newsletter // 2015

    2015-04

    1. News
    2. Call for Papers
      • Seventh ReCapNet Conference "Real Estate, Financial Stability, and the Macroeconomy"
      • Second Annual MaTax Conference
    3. Staff
      • Appointments
      • Guests at ZEW
      • Visiting Researchers
    4. Press Releases
    5. Recent…
  4. Refereed Journal // 2015

    Direct Democracy and Local Government Efficiency

    This paper studies the role of direct democracy in ensuring efficient and cost-effective provision of goods and services in the public sector. The sample consists of the population of municipalities in …

  5. ZEW Documentation No. 15-03 // 2015

    Hidden Champions – Driven by Innovation: Empirische Befunde auf Basis des Mannheimer Innovationspanels

    Innovativen Unternehmen, insbesondere kleinen und mittelgroßen Betrieben (KMU) wird eine Schlüsselposition für den technischen Fortschritt und die internationale Wettbewerbsfähigkeit von Industrienationen…

  6. ZEW Discussion Paper No. 15-030 // 2015

    Innovation Budgeting Over the Business Cycle and Innovation Performance

    The global economic crisis of 2008/2009 hit many firms hard. Faced with rapidly declining sales and highly uncertain economic prospects, firms had to cut costs and reconsider their business strategies. With…

  7. M&A Report // 2015

    April 2015

    • Mergers and Acquisitions in Germany: M&A Market Slows After Four-Year Surge
    • M&A Activities in German Power Sector Ease After Fleeting High
    • Crisis Overcome: M&A Activity in the Chemical Industry Stabilises on High…
  8. ZEW Discussion Paper No. 15-029 // 2015

    Forecaster Overconfidence and Market Survey Performance

    We document using the ZEW panel of German stock market forecasters that weak forecasters tend to be overconfident in the sense that they provide extreme forecasts and their confidence intervals are less likely…

  9. ZEW Discussion Paper No. 15-028 // 2015

    Tax Compliance and Information Provision – A Field Experiment with Small Firms

    We study tax compliance in Slovenia using data generated in a field experiment. Small accounting companies were randomly assigned to an untreated control group and two treatment groups. Companies in the first…

  10. ZEW Discussion Paper No. 15-027 // 2015

    Are SRI Funds Conventional Funds in Disguise or Do They Live up to Their Name?

    In recent years, the socially responsible investing (SRI) industry has become an important segment of international capital markets by incorporating ESG (Environmental, Social and Governance) factors into…