ZEW Discussion Papers

This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm’s equity or bank-debt financing investments. Using a dynamic adjustment approach…

Based on a large data set containing information on occupations between 1979 and 1999, this study explores the “black box” surrounding the skill–biased technological change hypothesis by analyzing the mechanisms…

The systemic risk potential in the European banking market has increased. Hence, the following questions emerge: Is there a need for a truly European supervisory framework? And, how should a potential…

Shoven und Whalley, die Wegbereiter der angewandten Gleichgewichtsanalyse, haben in ihrem bekannten JEL-Übersichtsartikel von 1984 das Los der Gleichgewichtsmodellierer als „jack of all trades“ beklagt. Ziel…

Environmental regulations often want to stimulate the generation and adoption of ecoefficient innovations. An important argument in the public debate is also the creation of new markets for environmentally…

The paper analyses the impact of venture capital finance on growth and innovation activities of young German firms. Among other variables, our panel of firm data includes data on venture capital funding and…

In this paper, an outline of the consequences of the increased use of ICT on international corporate taxation, namely on the tax attributes and the scope of taxation, is given. It is argued that the concept…

This paper gives a survey of the current state of competition in the German Broadband access market. Existing regulations and their impact on the deployment of high-speed Internet access are evaluated. It…

Diese Arbeit vergleicht die Verdienststrukturen in Westdeutschland f¨ur die Jahre 1990 und 1995 basierend auf der Gehalts- und Lohnstrukturerhebung und der IAB—Beschäftigtenstichprobe. Wir betrachten…