Similar Search Results

The impact of burden sharing rules on the voluntary provision of public goods

Kesternich, Martin; Lange, Andreas; Sturm, Bodo - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

We investigate how burden sharing rules may impact the voluntary provision of a public good which generates heterogeneous benefits to agents. We compare different rule-based contribution schemes that are based on the principle of the smallest common denominator: all agents can suggest a minimum...

Persistent link: https://www.econbiz.de/10010957721

Skill wage premia, employment, and cohort effects: are workers in Germany all of the same type?

Fitzenberger, Bernd; Kohn, Karsten - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

as important dimensions of heterogeneity. After having identified cohort effects in skill wage premia and in the …

Persistent link: https://www.econbiz.de/10005098021

Who Are the True Venture Capitalists in Germany?

Tykvová, Tereza - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004

In this paper, we analyze the investment and divestment patterns of different types of venture capitalists. Using a data set em- bracing all venture-backed IPOs that occurred on Germany's Neuer Markt we investigate whether the governance structures, objectives, abilities and track records of...

Persistent link: https://www.econbiz.de/10005098238

Are IPOs of Different VCs Different?

Tykvová, Tereza; Walz, Uwe - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004

This paper sets out to analyze the influence of different types of venture capitalists on the performance of their portfolio firms around and after IPO. We investigate the hypothesis that different governance structures, objectives, and track records of different types of VCs have a significant...

Persistent link: https://www.econbiz.de/10005098275

Tests of representative firm models: results for German manufacturing industries

Koebel, Bertrand M. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1996

estimate them on the basis of aggregate data. If firms' characteristics differs, the neglect heterogeneity can lead to … form and to explicitly take account of firm heterogeneity. Estimation for German manufacturing sectors confirms that ne …-glected heterogeneity is an important source of bias in representative agent models. …

Persistent link: https://www.econbiz.de/10008567585

What determines local governments' technical efficiency? The case of road maintenance

Kalb, Alexander - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

In this paper we investigate the determinants of local governments' technical efficiency in road maintenance for a panel of German counties using a broad variety of estimation approaches. More specifically, we calculate efficiency indices using non-parametric (DEA) and parametric (stochastic...

Persistent link: https://www.econbiz.de/10008533551

The Impact of Intergovernmental Grants on Cost Efficiency: Theory and Evidence from German Municipalities

Kalb, Alexander - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

In this paper we use a simple bureaucracy model of fiscal illusion to analyze the impact of intergovernmental grants on the cost efficiency of local jurisdictions. We find that a higher degree of redistribution within a system of fiscal equalization or an increase in the amount of grants...

Persistent link: https://www.econbiz.de/10005097546

Voter Involvement, Fiscal Autonomy and Public Sector Efficiency: Evidence from German Municipalities

Geys, Benny; Heinemann, Friedrich; Kalb, Alexander - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

Social and/or political involvement within the population is often argued to enhance public sector performance. The underlying idea is that engagement fosters political awareness and interest and increases the public?s monitoring ability. Still, although extensive voter involvement may put...

Persistent link: https://www.econbiz.de/10005097578

Local Governments in the Wake of Demographic Change: Efficiency and Economies of Scale in German Municipalities

Geys, Benny; Heinemann, Friedrich; Kalb, Alexander - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2007

German municipalities are expected to suffer from (often significant) population losses in the upcoming decades. We assess these local governments? vulnerability to the fiscal consequences of this demographic decline through two means (using a sample of 1021 municipalities in the state of...

Persistent link: https://www.econbiz.de/10005097928

Investigating the influence of firm characteristics on the ability to exercise market power: A stochastic frontier analysis approach with an application to the iron ore market

Germeshausen, Robert; Panke, Timo; Wetzel, Heike - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

This paper empirically analyzes the existence of market power in the global iron ore market during the period 1993-2012 using an innovative Stochastic Frontier Analysis approach introduced by Kumbhakar et al. (2012). In contrast to traditional econometric procedures, this approach allows for the...

Persistent link: https://www.econbiz.de/10011097457