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Le Pape, Nicolas; Zhao, Kai - Institut für Weltwirtschaft (IfW) - 2013

. A key assumption is that mergers create uncertainty on productivity and informational asymmetry between firms. The paper …

Persistent link: https://www.econbiz.de/10010956064

Asymmetric Price Adjustment in the Small

Levy, Daniel; Haipeng (Allan) Chen; Ray, Sourav; … - Institut für Weltwirtschaft (IfW) - 2007

Analyzing a large weekly retail transaction price dataset, we uncover a surprising regularity— small price increases occur more frequently than small price decreases for price changes of up to about 10 cents, while there is no such asymmetry for larger price changes. The asymmetry holds for...

Persistent link: https://www.econbiz.de/10005700618

Effects of intellectual property rights protection and integration on economic growth and welfare

Lai, Chung-hui; Wang, Vey - Institut für Weltwirtschaft (IfW) - 2015

The protection of intellectual property rights (IPR) and the distribution of rent are central issues in R&D-based growth models with the return to innovation serving as the engine of growth. In this paper the authors consider the strength of the intellectual property rights and franchise...

Persistent link: https://www.econbiz.de/10011122552

G-20-Gipfel in London: Ein Durchbruch zur Regulierung der Finanzmärkte?

Langhammer, Rolf J.; Neuberger, Doris; Polleit, Thorsten; … - Institut für Weltwirtschaft (IfW) - 2009

Reichen die auf dem G-20-Gipfel beschlossenen Maßnahmen aus, die Finanzmärkte zu regulieren und die Wahrscheinlichkeit zukünftiger Krisen zu senken? Für Rolf J. Langhammer, Institut für Weltwirtschaft, Kiel, dienten die Beschlüsse des G-20-Gipfels der Krisenüberwindung und dem Versuch,...

Persistent link: https://www.econbiz.de/10010982929

Wechselkursunsicherheit und Außenhandel: Eine Analye der theoretischen Literatur

Fischer, Malte - Institut für Weltwirtschaft (IfW) - 1997

The impact of exchange rate uncertainty on international trade has been discussed controversially in economic policy … the influence of exchange rate uncertainty on trade, conclude that exchange rate uncertainty has a negative impact on the … assumptions in order to better reflect reality, these extended modeis show that under certain conditions exchange rate uncertainty …

Persistent link: https://www.econbiz.de/10009276144

Costs of trade and self-selection into exporting and importing: The case of Turkish manufacturing firms

Dalgic, Basak; Fazlioglu, Burcu; Gasiorek, Michael - Institut für Weltwirtschaft (IfW) - 2015

This paper focuses on self-selection into trade by exporting and importing firms, and on the presence of differential variable and sunk costs between exporters and importers across different categories of imports. In addition the authors consider the role of intensive and extensive margins with...

Persistent link: https://www.econbiz.de/10011203163

Conflicts and Conflict Resolution in International Antitrust

Klodt, Henning - Institut für Weltwirtschaft (IfW) - 2000

Antitrust issues increasingly reach beyond national borders. This paper addresses the question whether such issues can reasonably be solved by an extraterritorial application of national competition law or whether they call for an international competition policy of its own. The analysis is...

Persistent link: https://www.econbiz.de/10005755241

Endogenous Prospect Theory

Schmidt, Ulrich; Zank, Horst - Institut für Weltwirtschaft (IfW) - 2010

In previous models of (cumulative) prospect theory reference-dependence of preferences is imposed beforehand and the location of the reference point is exogenously determined. This paper provides an axiomatization of a new specification of cumulative prospect theory, termed endogenous prospect...

Persistent link: https://www.econbiz.de/10010955835

Enforcement of environmental liability in the case of uncertain causality and asymmetric information

Bartsch, Elga - Institut für Weltwirtschaft (IfW) - 1996

In providing precautionary incentives and allocating environmental risk, liability for environmental damages faces two difficulties: randomness of damages incurred and nonobservability of precautionary measures. Hence, a major obstacle in enforcing legal claims is the difficulty of proving...

Persistent link: https://www.econbiz.de/10009276567

Donations to US Based NGOs in International Development Cooperation: How (Un-)Informed Are Private Donors?

Nunnenkamp, Peter; Öhler, Hannes - Institut für Weltwirtschaft (IfW) - 2011

Apart from scaling up foreign aid by NGOs, informed choices of private donors could also encourage an efficient and targeted use of NGO funds in international development cooperation. We assess the determinants of private donations across a large sample of US based NGOs with foreign aid...

Persistent link: https://www.econbiz.de/10008835256