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A welfare analysis of the electricity transmission regulatory regime in Germany
Kemfert, Claudia; Kunz, Friedrich; Rosellón, Juan - 2015
We analyze the current regulatory regime for electricity transmission in Germany, which combines network planning with …
Persistent link: https://www.econbiz.de/10011294803
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Do entrepreneurs really earn less?
Sorgner, Alina; Fritsch, Michael; Kritikos, Alexander - 2014
Based on representative micro data for Germany, we compare the incomes of self-employed with those of wage workers. Our …
Persistent link: https://www.econbiz.de/10010435309
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Why did self-employment increase so strongly in Germany?
Fritsch, Michael; Kritikos, Alexander; Sorgner, Alina - 2015
Germany experienced a unique rise in the level of self-employment in the first two decades following unification … employees and the overall level of self-employment in West Germany, their explanatory power is much lower for the stronger … increase of solo self-employment and of self-employment in former socialist East Germany. …
Persistent link: https://www.econbiz.de/10010481527
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Who starts a business and who is self-employed in Germany
Fritsch, Michael; Kritikos, Alexander; Rusakova, Alina - 2012
entrepreneurship in Germany between 1991 and 2010, the first two decades after reunification. We investigate the socioeconomic … increase in self-employment in Germany by 40 percent which can partly be attributed to the transformation process of East … Germany and to the shift to the service sector. We notice a yearly start-up rate of 1 percent among the working population …
Persistent link: https://www.econbiz.de/10010287328
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Financial risk aversion and household asset diversification
Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2008
This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more...
Persistent link: https://www.econbiz.de/10010291769
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Bad bank(s) and recapitalization of the banking sector
Schäfer, Dorothea; Zimmermann, Klaus F. - 2009
With banking sectors worldwide still suffering from the effects of the financial crisis, public discussion of plans to place toxic assets in one or more bad banks has gained steam in recent weeks. The following paper presents a plan how governments can efficiently relieve ailing banks from toxic...
Persistent link: https://www.econbiz.de/10010291776
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What Causes Cross-industry Differences of Technical Efficiency? An Empirical Investigation
Fritsch, Michael; Stephan, Andreas - 2004
Using micro-level panel data of about 35,000 firms from the German Cost Structure Census, we analyze the differences of technical efficiency across industries. Technical efficiency is estimated by firms? fixed effects. One striking result is that the distribution of technical efficiency across...
Persistent link: https://www.econbiz.de/10010324228
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What drives the productive efficiency of a firm? The importance of industry, location, R&D, and size
Badunenko, Oleg; Fritsch, Michael; Stephan, Andreas - 2008
This paper investigates the factors that explain the level and dynamics of manufacturing firm productive efficiency. In our empirical analysis, we use a unique sample of about 39,000 firms in 256 industries from the German Cost Structure Census over the years 1992-2005. We estimate the...
Persistent link: https://www.econbiz.de/10010324257
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Gone with the wind? Electricity market prices and incentives to invest in thermal power plants under increasing wind energy supply
Traber, Thure; Kemfert, Claudia - 2009
The increased wind energy supplied to many electricity markets around the world has to be balanced by reliable back up units or other complementary measures when wind conditions are low. At the same time wind energy impacts both, the utilization of thermal power plants and the market prices....
Persistent link: https://www.econbiz.de/10010324267
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Venture capital versus bank financing in innovative German firms
Schäfer, Dorothea; Talavera, Oleksandr; Zimmermann, Volker - 2007
The paper investigates young firms' choice of capital source. Our theoretical model hypothesizes a positive (negative) relation between riskiness of the project (price of venture capital) and receiving informed equity. We test our predictions by employing a unique data set collected by KfW...
Persistent link: https://www.econbiz.de/10010264956