This paper considers a model of spatial allocation of investment capital under uncertainty. We demonstrate that the spatial concentration of economic activity depends upon properties of risk preferences deeper than risk aversion. The degree of so-called relative prudence unambiguously decides...

We propose a new class of state space models for longitudinal discrete response data where the observation equation is specified in an additive form involving both deterministic and random linear predictors. These models allow us to explicitly address the effects of trend, seasonal or other...

Das Statistische Bundesamt entwickelt sich zu einem digitalen, nutzerorientierten und innovativen Informationsdienstleister weiter. Dazu gehören auch neue Produkte, die Informationen nutzungsfreundlich bereitstellen - wie der Gehaltsvergleich. Diese interaktive Webanwendung ermöglicht es den...