This paper analyzes gender differences in the investment activity of German small and medium sized enterprises (SMEs … if they invest, then their average investment rate is lower. These differences cannot entirely be explained by firm or … owner characteristics. Furthermore, women’s investment is less sensitive to cash flow, which indicates that it is unlikely …

analysis of investment incentives is still missing. Existing models, as the peak-load-pricing approach, analyze welfare optimal … investment and find that optimal investment is higher with more competitive spot markets. In this article we want to extend the … analysis to investment decisions of strategic firms that anticipate competition on many consecutive spot markets with …

The Great Depression in Germany led to the radicalization of the electorate, leading the country and then the world … might have been averted with a fiscal policy that lowered the unemployment rate in those parts of Germany where their … have to have been in those districts to prevent the NSDAP from becoming a formidable political force in Germany. Budget …