Classical single-factor comparable company valuation (CCV) like e.g. valuation using the price-earnings ratio is associated with several shortcomings. The two most important are the non-applicability of…
Diese Arbeit untersucht empirisch den Zusammenhang von Beschäftigung und Lohnstrukturen zwischen sowie innerhalb von Qualifikations- und Altersgruppen. Zunächst werden Substitutionselastizitäten zwischen…
We investigate different techniques to assess the gender pay gap in five EU countries (France, Germany, Italy, Spain and United Kingdom), focusing on self-selection into market work. Results show that selectivity…
Abstract: In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall comeinto power. The key objective of the trading scheme is to promote cost-efficiency of carbon reduction within…
This paper analyses the effects of a social assistance reform in Germany. In contrast to studies which are based on microsimulation methods we use a computable general equilibrium model which incorporates a…
Recent studies emphasize the complementary relationship between information technology and organizational changes. We analyze the wage impact of computer usage at the workplace and of organizational changes in…
This paper analyses market efficiency and the role of the virtual location in digital markets using a data set containing more than 23,000 price observations from the online market for contact lenses as well as…
Die gesetzlichen Bestimmungen zu den geringfügigen Beschäftigungsverhältnissen wurden am 1. April 2003 zum zweiten Mal innerhalb von vier Jahren grundsätzlich geändert. Wesentliche Komponenten der 2003-Reform…
This paper examines how capital is determined by German banks. We analyse whether the determinants found in the previous empirical literature hold for the special German banking sector with its three…
Dieser Artikel gibt einen Literaturüberblick über die Kon- zepte von Unabhängigkeit und Verantwortlichkeit einer Zentralbank, wie sie aus ökonomischer Sicht wahrgenommen werden. Unabhängigkeit wird in dieser…
This paper considers the shape invariant modelling approach in semiparametric regression estimation. Nonparametric functions of similar shape are linked by parametric transformations with unknown parameters. …
This paper discusses the incentive conflicts that arise in banking supervision in the EU in a principal-agent framework, where the regulator is the agent and the taxpayers is the principal. The regulatory…