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Wie privatisieren und wer privatisiert? Zur Erklärung der Wahl der Privatisierungsmethode und -organisation

Siegmund, Uwe - Institut für Weltwirtschaft (IfW) - 1997

With this theoretical survey the thesis is put forward that the method of privatization as well as the structure of the … privatization agency is choosen by the politicians for politico-economic reasons, and not for reasons of saving transaction costs or … for reasons of ideological preferences. The method of privatization (auction, bargaining, giveaway) is the one that is …

Persistent link: https://www.econbiz.de/10009276794

Modelling bank asset quality and profitability: An empirical assessment

Swamy, Vighneswara - Institut für Weltwirtschaft (IfW) - 2015

The determinants of default risk of banks in emerging economies have so far received inadequate attention in the literature. This paper seeks to study the determinants of bank asset quality and profitability using panel data techniques and robust data sets for the period between 1997 and 2009....

Persistent link: https://www.econbiz.de/10011263002

On the Relation between Dual-Rate Discounting and Substitutability

Kögel, Tomas - Institut für Weltwirtschaft (IfW) - 2009

To justify substantial emission reductions, recent literature on cost-benefit analysis of climate change suggests discounting environment consumption with an environmental discount rate instead of a consumption discount rate that is usually used in cost-benefit analysis. The present study...

Persistent link: https://www.econbiz.de/10005083352

Exploring Public Perception of Solar Radiation Management

Merk, Christine; Pönitzsch, Gert; Kniebes, Carola; … - Institut für Weltwirtschaft (IfW) - 2014

Solar radiation management (SRM) could quickly offset global warming caused by anthropogenic greenhouse gas emissions. Because SRM would have global side effects, it raises not only technological but also political and social concerns. Therefore, SRM research should be accompanied by a global...

Persistent link: https://www.econbiz.de/10011120337

Capital Income Taxation of Asymmetric Countries

Koop, Michael J. - Institut für Weltwirtschaft (IfW) - 2001

The paper analyzes the effects of a source-based capital income tax on production and market structures, trade and capital flows as well as national and global welfare. The analysis is carried by means of a general equilibrium model of trade which incorporates international capital flows as well...

Persistent link: https://www.econbiz.de/10005818919

Warum Privatisierung? Eine Dogmengeschichte der Privatisierungstheorien

Siegmund, Uwe - Institut für Weltwirtschaft (IfW) - 1997

Persistent link: https://www.econbiz.de/10009276417

Regulatory Choices and Commitment ; Challenges for Electricity Market Regulation in Kosovo

Kumkar, Lars - Institut für Weltwirtschaft (IfW) - 2002

This paper aims at describing the choices to be made in selecting and implementing a reform model for the electricity industry and to derive some implications for the situation in Kosovo. The paper argues that the appropriate reform model depends on the circumstances in the considered...

Persistent link: https://www.econbiz.de/10005755163

Cascades in real interbank markets

Karimi, Fariba; Raddant, Matthias - Institut für Weltwirtschaft (IfW) - 2013

We analyze cascades of defaults in an interbank loan market. The novel feature of this study is that the network structure and the size distribution of banks are derived from empirical data. We find that the ability of a defaulted institution to start a cascade depends on an interplay of shock...

Persistent link: https://www.econbiz.de/10010886963

Equity Premium Prediction: Are Economic and Technical Indicators Instable?

Baetje, Fabian; Menkhoff, Lukas - Institut für Weltwirtschaft (IfW) - 2015

We show that technical indicators deliver economic value in predicting the U.S. equity premium. A crucial element of this value stems from the stability of return predictability over the full sample period from 1950 to 2013. Results tentatively improve over time and beat alternatives over...

Persistent link: https://www.econbiz.de/10011162482

Heterogeneous Forecasters and Nonlinear Expectation Formation in the U.S. Stock Market

Pierdzioch, Christian; Reitz, Stefan; Ruelke, Jan-Christoph - Institut für Weltwirtschaft (IfW) - 2014

We use a Panel Smooth Transition Regression (STR) model to study nonlinearities in the expectation-formation process in the U.S. stock market. To this end, we use data from the Livingston survey to investigate how the importance of regressive and extrapolative expectations fluctuates over time...

Persistent link: https://www.econbiz.de/10011208177