Since the early 1970s and the seminal papers of Fama (1965, 1970), the efficient market hypothesis and its validity for several asset markets have been the topic of an uncountable number of publications in…
Existing data sets on firm formations in Germany suffer from various shortcomings that prohibit sound analyses of new firms’ development over time. Therefore, the Centre for European Economic Research (ZEW), KfW…
More than one third of the total EU budget is spent on so-called Cohesion Policy via the structural funds. Its main purpose is to reduce disparities among EU regions and to promote economic growth and…
The impact of the EU Cohesion Policy has mainly been evaluated by analysing its growth effects. However, this perspective neglects that the EU support might affect other policy fields as well. There are at least…
Contributions to Edited Volumes and Conference Proceedings
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2009
CART (Breiman et al., Classification and Regression Trees, Chapman and Hall, New York, 1984) and (exhaustive) CHAID (Appl Stat 29:119–127, 1980) figure prominently among the procedures actually used in data…
This paper contributes to the literature of academic entrepreneurship by investigating the effect of a possible depreciation of academic knowledge after leaving the university. The possibility of a person's…
Industrial research and development (R&D) activities constitute an important driver of economic competitiveness. The impact of R&D on productivity at the firm level stems from the implementation of newly…
While there are numerous studies on the measurement of the technical or cost efficiency of local governments, the analysis of the main drivers of this efficiency has attracted far less attention in this…
Social software serves in particular the communication, cooperation and information sharing between individuals and includes applications like blogs, wikis or online communities. Common to all of these…
Contributions to Edited Volumes and Conference Proceedings
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2009
This paper investigates price formation in the European Union Emissions Trading Scheme (EU ETS). The aim of the paper is to know what is happening to the European Union Allowance (EUA) price, when new…
