This paper examines the association between the outcome of business incubation and the resources used by incubators, by using a small panel of science and technology business incubators (STBIs) in China. We find that while the number of firms graduating from an STBI is closely correlated with...

Changes in exchange rates have become a prominent issue in Germany and Japan - due to the enormous appreciation of the Deutschmark and the Yen. Conventional wisdom suggests that economic activity will be negatively affected if a currency is going through a phase of appreciation. The paper...

This paper deals with alternative policy options for tackling congestion and environmental problems in the German airport sector. The starting point of the discussion is the planned privatisation of several airports in Germany, which is normally justified on productive efficiency grounds....

This paper deals with the electricity reforms (1990-1996) in three Scandinavian Couiitries: Norway, Sweden and Finland. Of Special importance for the efficiency in the sector is the question, whether the re-regulation of the electricity transport business is accompanied by a comprehensive...

This year legal activities were started which are meant to lead to a higher integration of the electricity supply industry in the European Union. It is intended to liberalize the national markets simultaneously restraining the influence of the national governments. This article provides an...

Ein Jahr nach Inkrafttreten der deutschen Energierechtsnovelle sind die Konturen der zukünftigen Strommarktregulierung noch zu weiten Teilen ungeklärt. Vor diesem aktuellen wirtschaftspolitischem Hintergrund wird in diesem Papier die Frage nach einer sachgerechten Ausrichtung der...