The risks imminent to younger technologies and markets may hinder renewable energy firms’ access to financing. This could curtail the investment needed for the transformation of the global energy sector.…
A well-known principle in public economics states that at least as many policy instruments as market failures are required to achieve an efficient outcome. In practice, however, regulatory power is often…
This article analyses the link between the wage rate and the incentives to develop and adopt a labour-augmenting innovation in a vertical market. In a model where an upstream monopolist sells the innovation to…
In dieser Kurzexpertise werden die fiskalischen Wirkungen eines Mindestlohns von 12 Euro untersucht. Die Ergebnisse beruhen auf Simulationsrechnungen mit dem ZEW-Steuer-TransferModell auf Grundlage des…
Using novel data on speeches held by members of the European Central Bank’s Executive Board, we investigate whether monetary policy transparency has increased over time. With respect to the general public as the…
Host-country policies shape the incentives and opportunities of MNC subsidiaries to innovate. However, prior research largely ignores the agency of foreign MNC subsidiaries receiving government R&D subsidies…
Research funding organizations routinely encourage SMEs to collaborate with organizations of different institutional backgrounds, such as other firms, universities, or research organizations. These…
We examine the capital market reaction to the announcement of the European Union (EU) to introduce a public tax country-by-country reporting (CbCR) regime. By employing an event study methodology, we find a…
We examine whether collective memories on the aid and reform programs chosen to handle the 2010 European debt crisis differ between citizens from borrower and lender countries. We use new international survey…