Using firm-level panel data, this paper exposes differences in the dynamic oil production regime between private and state-owned firms. I find that state-owned firms reduce the oil supply, ceteris paribus, by 3.5 percent each year, but private firms hold output constant. Furthermore, state-owned...

This paper assesses the existence and extent of transition cost for the OECD economies associated with the increasing Chinese competition in the export markets. We find that intensified Chinese competition is an important factor in explaining structural changes not only within the manufacturing...

Ziel dieses Projekts ist die Analyse eines möglichen Zusammenhangs des jüngsten Ölpreisanstiegs mit dem Peak-Oil Effekt, welcher sich über die Verknappung des Erdölangebots realisieren würde. Ein direkter Test einer solchen Interrelation ist jedoch erst ex-post möglich. Dieses Paper...

We study the impact of the "Fridays for Future" climate protest movement in Germany on citizen political behavior and explore possible mechanisms. Over the course of 2019, large crowds of young protesters, most below voting age, skipped school to demonstrate for rapid and far-reaching measures...

We show that the creation of the first integrated multi-modal pan-European transport network during Roman times influences economic integration over two millennia. Drawing on spatially highly disaggregated data on excavated Roman ceramics, we document that contemporary interregional trade was...

We show that the creation of the first integrated pan-European transport network during Roman times influences economic integration over two millennia. Drawing on spatially highly disaggregated data on excavated Roman ceramics, we document that interregional trade was strongly influenced by...

We examine the pattern of allowance trades in the European Union Emissions Trading System (EU ETS) using highly disaggregated trading data and identify a significant and robust home market bias. Our results point to informational transactions costs that increase when trading across national...

In the latter half of the fourth millennium BC, our ancestors witnessed a remarkable transformation, progressing from simple agrarian villages to complex urban civilizations. In regions as far apart as the Nile Valley, Mesopotamia, Central Asia, and the Indus Valley, the first states appeared...