This paper deals with the relation between the term structure of rents and future spot rents.

This paper pinpoints the development of the Commission's policy on rail infrastructure charges through to Directive 2001/14.

Since 1988, Sweden’s railways have been vertically separated with (private or public) train operators paying for the use of government-owned railway infrastructure. The present paper scrutinizes today’s charging regime ...

Zwar sind Anzeichen einer konjunkturellen Erholung nach Phasen der Stagnation und Rezession erkennbar, doch um einen nachhaltigen wirtschaftlichen Aufschwung zu erreichen, müssen notwendige Strukturreformen durchgesetzt werden. Insbesondere bei kleinen und mittelständischen Unternehmen führen...

We measure the cost of consumption fluctuations using an approach that does not require the specification of preferences and instead uses asset prices. We measure the marginal cost of consumption fluctuations, the per unit benefit of a marginal reduction in consumption fluctuations...

The main objective of this work is to develop a general equilibrium business cycle model linking financial and real estate markets to the macroeconomy. The ability of a production economy to account simultaneously for asset pricing, business cycle and real estate market facts is then evaluated...

We are interested in the macroeconomic implications of the separation of ownership and control. An alternative decentralized interpretation of the stochastic growth model is proposed, one where shareholders hire a self-interested manager who is in charge of the firm’s hiring and investment...

Das Baugewerbe ist stärker als die meisten anderen Branchen von konjunkturellen Einflüssenabhängig. Aus diesem Grunde werden Auftragseingang und Beschäftigung im Baugewerbeals Frühindikatoren für die Konjunkturentwicklung verwendet. Für die ausgeprägtenkonjunkturellen Schwankungen gibt...

The Great War of 1914-18 constituted a major rupture for the economies of Europe in several respects. It marked the end of almost a century of uninterrupted economic growth. It ended a long period of near-universal currency stability, and set in motion a painful process of de-globalisation. It...