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Chapter 1 is joint work with Günter Franke, University of Konstanz, and Markus Herrmann, HSBC London, and addresses the question how collateralized debt obligation (CDO-) transactions are designed. An important issue is the information asymmetry about the quality of securitized debt between...
Persistent link: https://www.econbiz.de/10009471846
Kooperation in einem einmaligen Spiel. Darüber hinaus finden wir keinen Hinweis darauf, dass Risikoaversion ein Faktor ist …
Persistent link: https://www.econbiz.de/10009476200
between infrastructure and private productivity. The second subject is the determinants of regional infrastructure investment … infrastructure to private production; the essays three to five study besides the productivity effects also the determinants of …
Persistent link: https://www.econbiz.de/10009467016
rigidity. The third essay analyses how different unionisation structures affect firm productivity and firm performance in a … among heterogeneous producers and increases average productivity and profit levels, firm-level bargaining allows less … productive entrants to remain in the market. The positive effect of centralised bargaining on average productivity can, however …
Persistent link: https://www.econbiz.de/10009467258
on productivity growth, and additionally export behavior has to be persistent over time. Both conditions are empirically …
Persistent link: https://www.econbiz.de/10009449074
-, consultation-, and co-determination rights. The effects works councils have on productivity and profits are estimated for medium …-sized manufacturing firms using information from the IAB establishment panel. The results indicate a positive effect on productivity of 6 …
Persistent link: https://www.econbiz.de/10009451164
Persistent link: https://www.econbiz.de/10010353281
There is a growing number of studies that investigate the effect of trade liberalization on productivity and nearly all … assume that trade policy is independently determined of productivity, hence it is exogenous. I show that this assumption is … of trade protection, productivity directly influences tariffs. Moreover, this productivity-tariff relationship partly …
Persistent link: https://www.econbiz.de/10009450823
Ample evidence from micro data suggests that productivity at establishment level is dominated by idiosyncratic factors …. The productivity differences across establishments are very large and persistent even with the narrowest definition of … industries. There is an attempt to identify sources of frictions that cause such productivity dispersion and negatively affect …
Persistent link: https://www.econbiz.de/10009450905