For a considerable time, long-only index funds have been suspected of being responsible for price increases on agricultural futures markets, particularly those for grain. Utilizing partial equilibrium concepts, we analyze the market impacts of long-only index funds. Our analysis reveals that...

Die Bundesregierung hat sich ambitionierte Klimaziele gesetzt: Die Treibhausgasemissionen sollen bis zum Jahr 2020 um 40%, bis zum Jahr 2030 sogar um 55% sinken. Zum Erreichen dieser Klimaziele sprechen sich die meisten Ökonomen für eine Ausweitung des europäischen Emissionshandels auch auf...

European telecommunication firms have spent billions of dollars in the last year to get a license for UMTS, a third generation standard for mobile phone net-works. Already in GSM networks today, congestion in transmission stations is com-mon...

This paper provides a detailed empirical analysis of the call auction procedure on the German stock exchanges. The auction is conducted by the Makler whose position resembles that of a NYSE specialist. We use a dataset which contains information about all individual orders for a sample of stocks...

This study analyses the impact of the Russian food and agricultural import ban on import of meat, the structural changes of trade pattern and reallocation of import flows of meat and meat products, and the price development in the import market and its impact on producers and consumers market...