Similar Search Results

Climate change and the irreversibility effect: combining expected utility and MaxiMin

Lange, Andreas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

This paper analyzes decisions on emissions of a stock pollutant under uncertainty in a two period model. Decisions are … case (less weight on EU) may lead to increased first period emissions. The effect of learning possibilities on emissions is …, considering prospective learning increases today?s abatement effort, i.e. the ?irreversibility effect? holds, if the weight on EU …

Persistent link: https://www.econbiz.de/10005097621

The Decision of Venture Capitalists on Timing and Extent of IPOs

Tykvová, Tereza - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003

We analyze the venture capitalist's decision on the timing of the IPO, the offer price and the fraction of shares he sells in the course of the IPO. A venture capitalist may decide to take a company public or to liquidate it after one or two financing periods. A longer venture capitalist's...

Persistent link: https://www.econbiz.de/10005097528

Spillovers in networks of user generated content: Evidence from 23 natural experiments on Wikipedia

Kummer, Michael E. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

Endogeneity in network formation hinders the identification of the role social networks play in generating spillovers, peer effects and other externalities. This paper tackles this problem and investigates how the link network between articles on the German Wikipedia influences the attention and...

Persistent link: https://www.econbiz.de/10010957727

The optimal choice of a reference standard for income comparisons: indirect evidence from immigrants' return visits

Stichnoth, Holger - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

I propose two new tests of Falk and Knell's (2004)prediction that individuals'reference income increases with ability. To overcome the difficulty that the reference income is not observed in existing large data sets, I extend Falk and Knell's model to establish a link between immigrants'...

Persistent link: https://www.econbiz.de/10005097631

Hold-up Problems with Respect to R&D Investment and Licensing in Environmental Regulation

Breitscheidel, Jörg - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005

We explore the design of self-financing tax-subsidy schemes to solve hold-up problems in environmental regulation. The announcement of the tax rate seems to be preferable to solve hold-up problems with respect to the investment in environmental R&D. In contrast, only the announcement of the...

Persistent link: https://www.econbiz.de/10005097912

Self-financing Tax/Subsidy Mechanisms in Environmental Regulation with Many Firms

Breitscheidel, Jörg - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005

We consider the application of self-financing tax/subsidy mechanisms in environmental regulation and explore the question whether these mechanisms yield strong investment incentives in a market with many firms under Cournot competition. It turns out that the tax/subsidy mechanism with the...

Persistent link: https://www.econbiz.de/10005097950

Fiscal externalities in local tax competition: empirical evidence from a panel of German jurisdictions

Buettner, Thiess - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001

This paper is concerned with fiscal externalities arising from local taxation of a mobile factor. Using a panel of more 1100 local jurisdictions it provides empirical evidence on how the local tax rate as well as the tax rate in the neighborhood affect the local tax base. The results support the...

Persistent link: https://www.econbiz.de/10005098139

Differentiation of Green Taxes: A Political-Economy Analysis for Germany

Anger, Niels; Böhringer, Christoph; Lange, Andreas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

In this paper we study political-economy determinants of the differentiation of environmental taxes between sectors. Using a common-agency model, we provide predictions on tax differentiation which are then tested using data from the German Ecological Tax Reform. As the reform is revenue neutral...

Persistent link: https://www.econbiz.de/10005098212

Spillovers in networks of user generated content: Pseudo-experimental evidence on Wikipedia

Kummer, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

I quantify spillovers of attention in a network of content pages, which is challenging, because such networks form endogenously. I exploit exogenous variation in the article network of German Wikipedia to circumvent this problem. Wikipedia prominently advertises one featured article on its main...

Persistent link: https://www.econbiz.de/10011139789

The determinants of private flood mitigation measures in Germany: Evidence from a nationwide survey

Osberghaus, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

Public flood protection cannot totally eliminate the risk of flooding. Hence, private mitigation measures which proactively protect homes from being flooded or reduce flood damage are an essential part of modern flood risk management. This study analyses private flood mitigation measures among...

Persistent link: https://www.econbiz.de/10010957644