1. ZEW Discussion Paper No. 14-010 // 2014

    Idiosyncratic Risk and the Cost of Capital – The Case of Electricity Networks

    We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory authorities regularly ignore firm-specific characteristics, such as size or asset ages, implying different…

  2. ZEW Discussion Paper No. 14-009 // 2014

    If You Don't Succeed, Should You Try Again? The Role of Entrepreneurial Experience in Venture Survival

    There remains considerable scholarly debate about the role that prior entrepreneurial experience plays in new venture survival. Drawing on entrepreneurial learning theories, we use panel data on 8,400 new…

  3. Expertises // 2014

    Indicators of energy innovation systems and their dynamics

    This report on indicators of energy innovation system is produced in the context of the “EIS – Strategic research alliance for Energy Innovation Systems and their dynamics – Denmark in global competition” as…

  4. Discussion and Working Paper // 2014

    Is soccer good for you? The motivational impact of big sporting events on the unemployed

    We examine the effect of salient international soccer tournaments on the motivation of unemployed individuals to search for employment using the German Socio Economic Panel 1984 - 2010. Exploiting the random…

  5. Contributions to Edited Volumes and Conference Proceedings // 2014

    Staatsverschuldung

  6. Expertises // 2014

    Context, Skills and Social Progress: Evidence from Germany

    Abstract: This study provides life-cycle evidence on the relationship between childhood investments (contexts), cognitive and non-cognitive skills, and life outcomes (social progress). From a policy perspective,…

  7. ZEW Discussion Paper No. 14-008 // 2014

    Time is Money – How Much Money is Time? Interest and Inflation in Competition Law Actions for Damages

    Public and private action against cartels is an internationally recognized cornerstone of antitrust enforcement. Effective private enforcement requires that cartel victims can receive (at least) full…

  8. ZEW Discussion Paper No. 14-007 // 2014

    Chinese Pension Fund Investment Efficiency - Evidence from CNCSSF Stock Holdings

    China’s pension system is facing a large gap of more than one trillion RMB. The investment efficiency of the social security fund therefore receives widespread attention in academic circles. We collected data of…

  9. ZEW Discussion Paper No. 14-006 // 2014

    Changing Forces of Gravity: How the Crisis Affected International Banking

    The global financial crisis has brought a rather unprecedented period of expansion of banks’ international financial assets and liabilities to an end. In response to the crisis, banks have decreased their…