ZEW Discussion Papers

The paper deals with the analysis of causal effects of venture capital finance for start-ups founded between 1991 and 1998 in Germany. The number of venture-backed firms is based on the identification of…

This paper investigates under which conditions firms use fixed-term contracts, subcontracted and freelance work. Using a probit model which accounts for unobserved heterogeneity, we find that positive changes in…

This paper derives a three stage Cournot–oligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer…

This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing…

This paper presents estimates of the unification bonus for East Germans over the period 1991 to 1998. The unification bonus is defined as the discounted value of the difference between a person’s actual income…

Die Messung der effektiven Steuerbelastung rentabler Investitionen ist mit zahlreichen methodischen Problemen verbunden. Diese lassen sich zum Teil mit einem auf Devereux und Griffith zurückgehenden Modell…