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National champion versus foreign takeover
Südekum, Jens (contributor) - 2007
We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may not be prone to "economic patriotism". A...
Persistent link: https://www.econbiz.de/10003597575
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Welfare migration in Europe and the cost of a harmonised social assistance
De Giorgi, Giacomo (contributor);  … - 2006
the actual implementation of this system would be politically problematic. -- EU enlargement ; migration ; welfare state …
Persistent link: https://www.econbiz.de/10003310966
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Migration in an enlarged EU : a challenging solution?
Kahanec, Martin (contributor);  … - 2008
analysis of the available literature and empirical evidence shows that (i) EU enlargement had a significant impact on migration … hard to detect, (iv) post-enlargement migration contributes to growth prospects of the EU, (v) these immigrants are … out the difficulties that restrictions on the free movement of workers bring about. -- Migration ; migration effects ; EU …
Persistent link: https://www.econbiz.de/10003793577
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Labor mobility and the integration of European labor markets
Zimmermann, Klaus F. - 2009
who have been trained in Europe could set a new course. -- Migration ; migration effects ; EU Eastern enlargement ; free …
Persistent link: https://www.econbiz.de/10003809161
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Lessons from migration after EU enlargement
Kahanec, Martin; Zaiceva, Anzelika; Zimmermann, Klaus F. - 2009
The Eastern enlargement of the EU was an institutional impetus to the migration potential in Europe. While the overall … numbers of migrants from the new member states in the EU15 increased between 2003 and 2007, this increase was distributed … unevenly among countries. The proportion of these migrants in the EU15 remains smaller than that of non-EU27 migrants. The …
Persistent link: https://www.econbiz.de/10003863171
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Commuting, wages and bargaining power
Rupert, Peter; Stancanelli, Elena G. F.; Wasmer, Etienne - 2009
A search model of the labor market is augmented to include commuting time to work. The theory posits that wages are positively related to commute distance, by a factor itself depending negatively on the bargaining power of workers. Since not all combinations of distance and wages are accepted,...
Persistent link: https://www.econbiz.de/10003905644
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Instability of the Eurozone? : On monetary policy, house prices and labor market reforms
Belke, Ansgar (contributor); Gros, Daniel (contributor) - 2007
"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we assess the effect of EMU on structural reform and...
Persistent link: https://www.econbiz.de/10003429626
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Modelling volatilities and conditional correlations in futures markets with a multivariate t distribution
Pesaran, Bahram (contributor);  … - 2007
This paper considers a multivariate t version of the Gaussian dynamic conditional correlation (DCC) model proposed by Engle (2002), and suggests the use of devolatized returns computed as returns standardized by realized volatilities rather than by GARCH type volatility estimates. The t-DCC...
Persistent link: https://www.econbiz.de/10003586562
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Reconciling the estimates of potential migration into the enlarged European Union
Zaiceva, Anzelika (contributor) - 2006
which all EU member states introduce free movement of workers simultaneously in 2011. The results suggest that the overall … level of migration from the East will amount to around 1 per cent of the EU15 population within a decade after enlargement …
Persistent link: https://www.econbiz.de/10003523175
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Macroeconomic volatilities and the labor market : first results from the euro experiment
Merkl, Christian; Schmitz, Tom - 2010
This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone offers an unprecedented experiment for this exercise: since 1999, no national monetary policies have been implemented that could account for volatility differences across...
Persistent link: https://www.econbiz.de/10003961662