This paper contains a documentation of the EU regional crime database (EURCD). The EURCD is the basis of the analyses presented in our recently published book ?Crime in Europe? which, in turn, is the result of a research project conducted on behalf of the EU Commission. The EURCD is a panel...

We estimate the Dollar exposure of German DAX corporations. Our results are based on a new time-variant, APT-based and panel econometric extension of the exchange-rate exposure model in the tradition of Adler and Dumas (1984) and Jorion (1990). Our stock market data consist of 28 performance...

Eine rationale Kriminalpolitik zeichnet sich durch ihre Orientierung an einem effizienten System zur Vermeidung von Kriminalität aus. Effizienz bedeutet dabei die Erzielung eines größtmöglichen Erfolgs unter Berücksichtigung gegebener Restriktionen. Eine sehr wichtige Rolle spielt in diesem...

Eine Vielzahl von Forschungsbeiträgen zur Quantifizierung der Präventivwirkung von Strafmaßnahmen haben gemeinsam, diese Abschreckungswirkung im Sinne der ökonomischen Theorie der Kriminalität zumindest einem der Faktoren Strafhöhe und/oder Strafwahrscheinlichkeit zuzusprechen. Inhaltlich...

The purpose of this article is to evaluate the importance of social class, migration background and command of national languages for the PISA school performance of teenagers living in European countries (France, Finland, Germany, United Kingdom, and Sweden) and traditional countries of...

This article analyses value changes of German stock market companies in response to movements of the US dollar. The approach followed in this work extends the standard means of measuring exchange rate exposure in several ways (e.g. by using multi-factor modelling instead of augmented CAPM,...

This article summarizes important aspects of illegal immigration. We analyse incentives of illegal immigrants as well as those of their employers by applying basic principles of labour economics, and by customising the workhorse of the economic theory of crime to suit the labour market for...

The rising trends both in drug addiction and crime rates are of major public concern in Germany. Surprisingly, the economic theory of crime seems to ignore the drugs-crime nexus, whereas the criminological literature considers illicit drug use a main reason of criminal activities. This paper...

We estimate the impact of dollar changes on the value of German DAX corporations, using APT-modelling for the period 1977 - 1995. Several macroeconomic risk factors, including the dollar and a residual market factor representing the general market risk, are specified. The general notion is that...

Children are therapeutic orphans and an underprivileged group in innovations derived from drug therapy. As the innovation process of pharmaceuticals is a long, risky and very costly business, economists typically emphasise lack of profit incentives and small market size as the most important...