1. ZEW Discussion Paper No. 12-026 // 2012

    Exchange Rate Expectations of Chartists and Fundamentalists

    The present study compares exchange rate expectations of "chartists" and "fundamentalists". "Chartists" are those financial market participants who base their forecasts and actions on past price movements of…

  2. ZEWnews English edition // 2012

    03/04 - 2012

    • Environmentally Friendly Process Innovations Encourage Hiring of New Employees
    • Falling Profit Margins in E-commerce as Product Life Cycles Lengthen
    • Business Tax Rates Remain Low, Despite the Crisis
    • In-house…
  3. ZEW-Branchenreport Informationswirtschaft // 2012

    1. Quartal 2012

    • Eingetrübte Lage – positiver Ausblick
    • Verkauf von Produkten und Dienstleistungen über das Internet noch ausbaufähig
  4. Refereed Journal // 2012

    Expected Utility Theory and the Tyranny of Catastrophic Risks

    Expected Utility theory is not only applied to individual choices but also to social decisions, e.g. in cost-bene t analysis of climate change policy measures that a ect future generations and hence incorporate…

  5. ZEW Discussion Paper No. 12-025 // 2012

    Offshoring and Labor Income Risk

    The paper contributes to the analysis of how offshoring has an impact on labor market outcomes in terms of labor income. Special attention is given to the link between offshoring and income risk - an aspect of…

  6. ZEW Discussion Paper No. 12-024 // 2012

    Considerations on Partially Identified Regression Models

    In a linear regression model, specifying the conditional mean of a variable (outcome y) as a linear function of a set of explanatory variables (regressors x ), E(y|x) = xθ, absence of correlation between the…

  7. Refereed Journal // 2012

    What Lures Cross-Border Venture Capital Inflows?

    The change in the business model of venture capitalists from investing locally towards investing across borders started to intensify in the late 1990s. Compared to domestic investments, cross-border investments…

  8. Discussion and Working Paper // 2012

    Putting Currency Misalignment into Gravity: The Currency Union Effect Reconsidered

    Member countries of a currency union like the euro area have absorbed asymmetric shocks in ways that are inconsistent with a common nominal anchor. Based on a reformulation of the gravity model that allows for…

  9. ZEW Discussion Paper No. 12-023 // 2012

    Benchmarking Regions: Estimating the Counterfactual Distribution of Labor Market Outcomes

    Local labor markets show strong regional differences in labor outcomes and economic conditions. Regional differences affect the welfare of local populations as well as the effectiveness of local policy…