Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...

Auch wenn die Politik ihre Anstrengungen vor allem darauf richtet, den globalen Klimawandel zu vermeiden, kommt Anpassungsstrategien der Unternehmen eine mindestens ebenso bedeutsame Rolle zu. Vor diesem Hintergrund hat das ifo Institut zusammen mit der Technischen Universität Dresden eine...

Fatih Cemils main specialization field is competition and regulatory economics. In this dissertation, he conducts several empirical analyses on various regulatory experiments in different industries such as health care, manufacturing and electricity distribution. These experiments take place in...

We estimate the causal impact of the EU Emissions Trading Scheme on manufacturing firms using comprehensive panel data from the German production census. Semiparametric matching estimators yield robust evidence that the policy caused treated firms to abate onefifth of their CO2 emissions between...

I study the causal effect of the European Union Emissions Trading System (EU ETS) on the productivity of German manufacturing firms. Using administrative firm-level data, I estimate robust production functions for narrowly defined industries. This approach allows for an endogenous dynamic...

Germany taxes electricity use since 1999. The government granted reduced rates to energy intensive firms in the industrial sector for addressing potentially adverse effects on firms' competitiveness. Firms that use more electricity than certain thresholds established by legislation, pay reduced...