The equilibrium conditions for an economic system that produces output with several factors of production and which is subject to technological constraints are derived. Optimization of either output minus cost or integrated utility yields the conditions that output elasticities must be equal to...

Diese Arbeit thematisiert den Strukturwandel in Deutschland. Bei der klassischen Darstellung anhand der drei Wirtschaftssektoren Landwirtschaft/Industrie/Dienstleistung gehen wichtige Details verloren. Denn Tertiarisierung bedeutet nicht automatisch, dass alle Dienstleistungen auf einem...

Biogasproduktion wird in Deutschland mit dem Ziel des Klima- und Umweltschutzes sowie der Substitution fossiler Energieträger durch das Erneuerbare-Energien-Gesetz (EEG) gefördert. Dieser Beitrag analysiert quantitativ durch Kopplung eines Agrarsektor- und eines Standortmodells die...

We use income satisfaction data in order to estimate equivalence scales. Our method differs from previous attempts to use satisfaction data for this purpose in that it can be used to estimate or evaluate any given parametric equivalence scale. It can also be employed to investigate specific...

The aim of this study is to present algorithms for the backward simulation of standard processes that are commonly used in financial applications. We extend the works of Ribeiro and Webber and Avramidis and L'Ecuyer on gamma bridge and obtain the backward construction of a Gamma process....

Physical inactivity and sedentary behaviours have been rising throughout the OECD in recent decades. Lack of physical activity and excessive sedentary behaviour are well-known risk factors for non-communicable diseases, such as heart diseases, stroke, diabetes, and osteoporosis. As such,...

The study aims to test whether the unbalanced structure of indigenous workforce offer in developed economies, such as Germany, originates both in the structure of rewards associated with each type of job in accordance with the required education level and also in the algorithm of their...

In this paper, we present an innovative electricity spot price model, wherein the prices explicitly depend on the realized wind power production. The proposed arithmetic multi-factor approach captures numerous stylized facts of empirical spot price behavior like seasonal variations,...

In this paper we find evidence that the new economic geography approach is able to describe and explain the spatial characteristics of an economy, in our case the German economy. Using German district data we estimate the structural parameters of a new economic geography model as developed by...

Recent studies of border effects have focused on the intra-country and inter-country comparison of trade flows. It is found that borders have a negative impact on the size of cross-border trade. In order to estimate border effects on a regional level one needs not only data on inter-country but...