1. German Real Estate Finance Index (DIFI Report) // 2022

    Fourth Quarter 2022

    • Financing Situation and Outlook Again Assessed More Pessimistically
    • New Lows for Retail, Logistics and Residential
    • Situation and Outlook in the Refinancing Markets Turn Pessimistic
    • Loan-to-Value Ratios and…
  2. ZEW Discussion Paper No. 22-066 // 2022

    Bank Manager Sentiment, Loan Growth and Bank Risk

    We build a textual score measuring the tone of bank earnings press release documents. We use this measure to define bank manager sentiment as the variation in the textual tone score which is orthogonal to…

  3. ZEW Discussion Paper No. 22-065 // 2022

    Measuring the Digitalisation of Firms – A Novel Text Mining Approach

    Due to the omnipresence of digital technologies in the economy, measuring firm digitalisation is of high importance. However, current indicators show several shortcomings, e.g., they lack timeliness and regional…

  4. Non-Refereed Journal // 2022

    Bedarf für die Paketzustellung durch Drohnen – eine Alternative für die Versorgung schwer erreichbarer Gebiete?

    Die Versorgung der nordfriesischen Inseln und Halligen ist stark durch ihre Tiden‑, Witterungs- und Saisonabhängigkeit geprägt. Die vorliegende Untersuchung prüft, ob eine Belieferung dieser schwierig zu…

  5. M&A Report // 2022

    December 2022

    • ZEW M&A Index at All-Time Low
    • Crisis in M&A Deals: Unclear Picture
    • Which German Target Companies Do Chinese Firms Buy?
    • High-Tech Sector to Tighten Its Belt
  6. ZEW Discussion Paper No. 22-064 // 2022

    First Best Implementation With Costly Information Acquisition

    We study mechanism design with flexible but costly information acquisition. There is a principal and four or more agents, sharing a common prior over the set of payoff-relevant states. The principal proposes a…

  7. Monograph // 2022

    Assessing teleworking strategies for local development: a framework proposal

    Teleworking has risen to record levels since the COVID-19 outbreak. Beyond supporting business continuity during social distancing, it may contribute to multiple societal objectives in the future where a return…

  8. Monograph // 2022

    Potential spatial impacts of the war in Ukraine: A case study from Italy

    The impacts of the war in Ukraine will be felt severely within OECD economies, especially in border regions on the front-line of the humanitarian refugee crisis. The economic impacts, in particular those driven…

  9. Refereed Journal // 2022

    Supporting patients with heart failure with digital therapeutics — A pilot study in Germany

    Objective: Continuous monitoring and targeted behavioral interventions have been shown to improve health status and quality of life for heart failure patients. Digital therapeutics offer the possibility to make…

  10. ZEW Discussion Paper No. 22-063 // 2022

    Measuring Democracy

    This short article contributes to the Elgar Encyclopedia of Public Choice by summarizing the literature on the measurement of democracy. I proceed in two step. In the first part, I describe the classical…