1. ZEW Discussion Paper No. 06-032 // 2006

    Asset Pricing with a Reference Level of Consumption: New Evidence from the Cross-Section of Stock Returns

    New version, original title: Consumption-Based Asset Pricing with a Reference Level: New Evidence from the Cross-Section of Stock Returns

    This paper presents an empirical evaluation of recently proposed asset…

  2. ZEW Discussion Paper No. 06-094 // 2006

    Dynamic R&D Incentives with Network Externalities

    This paper studies the incentives to undertake uncertain R&D initiatives in a dynamic duopoly network industry. It is shown that network externalities positively affect the incentives to invest in R&D. In the…

  3. ZEW Discussion Paper No. 06-093 // 2006

    R&D Incentives, Compatibility and Network Externalities

    This paper analyzes the impact of network externalities on R&D competition between an incumbent and a potential entrant. The analysis shows that the incumbent always invests more than the entrant in the…

  4. ZEW Discussion Paper No. 06-092 // 2006

    Unemployment Duration in Germany: Individual and Regional Determinants of Local Job Finding, Migration and Subsidized Employment

    Recent labor market reforms in Germany aim, among other things, at reducing unemployment by restricting passive unemployment measures, emphasizing local labor market policies and re-structuring public employment…

  5. ZEW Discussion Paper No. 06-091 // 2006

    Rivals or Partners? Evidence from Europe's International Private Equity Deals

    Cross-border private equity deals have increased substantially in recent years. This study looks at the issue of how European investors view their local counterparts in the portfolio companies’ home countries.…

  6. ZEW Discussion Paper No. 06-089 // 2006

    Die Entscheidung über betriebliche Weiterbildungsinvestitionen - Eine empirische Analyse mit dem Mannheimer Innovationspanel

    Mit den Daten des Mannheimer Innovationspanels wird für die Jahre 1999 bis 2002 untersucht, welche Faktoren die zweistufige betriebliche Weiterbildungsentscheidung determinieren. Eine Probit-Schätzung zeigt,…

  7. Branchenreport Innovationen // 2006

    2006 - Maschinenbau

    Jahrg. 14, Nr. 1, März 2007

    Mit einem Umsatzanteil von Produktneuheiten von 32% zählt der Maschinenbau zu einer der innovativsten Branchender deutschen Wirtschaft. Die Innovationsaufwendungen stiegen im…