Although merger and acquisitions (M&As) are acknowledged as an important means to access innovative assets and know-how, firms’ inventive output often declines in the post-M&A period. Financial, managerial and…
What are the effects of austerity on distributional policy? We exploit the autonomy of Italian municipalities in setting non-linear income taxes and the exogenous introduction of a fiscal rule to show that…
Who benefits from the evasion of value added taxes (VAT)? Using a reform that enforced VAT on previously non-compliant large retailers in Armenia, we estimate a onethird passthrough of the tax burden on prices.…
We use car-level micro data to provide empirical evidence on the usage of conventional and electric vehicles (EVs) in private and car sharing fleets in Germany. We shed light on both monetary and non-monetary…
As the Covid-19 pandemic causes an all-time high share of people to work from home, this disruptive event is likely to have a long-lasting effect on work arrangements. Given existing research on the effects of…
Die Corona-Pandemie hinterlässt deutliche Spuren in der Wirtschaft. Wie ergeht es dabei den Soloselbstständigen, die oftmals im wahrsten Sinne des Wortes auf sich alleine gestellt sind? Welche Rolle spielt dabei…
I investigate the impact of the European Union Emissions Trading Scheme (EU ETS) on fuel efficiency of fossil fuel power plants, using administrative micro data on German power plants from 2003 to 2012. I find…
How much carbon is in the price of power? The answer to this question determines many economic consequences of climate policies, i.e. in terms of costs for downstream industries. It requires, however, to first…
