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Determinants and Effects of Reserve Prices in Hattrick Auctions

Englmaier, Florian; Schmöller, Arno - 2010

We use a unique hand collected data set of 6,258 auctions from the online football manager game Hattrick to study determinants and effects of reserve prices. We find that chosen reserve prices exhibit both very sophisticated and suboptimal behavior by the sellers. On the one hand, reserve prices...

Persistent link: https://www.econbiz.de/10010333824

Exports Versus FDI Revisited: Does Finance Matter?

Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2010

This paper explores the impact of financial constraints on the internationalization strategies of firms. It contributes to the literature by focusing on three aspects: First, the paper studies the impact of financial constraints on exporting relative to FDI. Consistent with theory, the empirical...

Persistent link: https://www.econbiz.de/10010333826

The use of tax havens in exemption regimes

Gumpert, Anna; Hines Jr., James R.; Schnitzer, Monika - 2012

This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income from taxation. High foreign tax rates generally encourage firms to invest in tax havens, though significant costs of reallocating taxable income dampen these incentives. The...

Persistent link: https://www.econbiz.de/10010334139

Deutschland: Robuste Binnenkonjunktur - Dämpfer aus dem Ausland

Boss, Alfred; Dovern, Jonas; Meier, Carsten-Patrick; … - In: Weltkonjunktur und deutsche Konjunktur im Frühjahr 2008, (pp. 38-61). 2008

Persistent link: https://www.econbiz.de/10010334192

Macroeconomic effects of the current crises in Japan and MENA countries - A model-based assessment of the medium term

Mönnig, Anke; Wiebe, Kirsten - 2011

only affect economic developments within these countries but also across the world. In the current paper, the macroeconomic … effects on the world economy in general and its major trading partners in particular. Moreover, the long-run effects function … world economy heavily reacts on sudden world oil price changes but is less vulnerable to ad-hoc production shortages of …

Persistent link: https://www.econbiz.de/10010334404

Medium Term Economic Effects of Peak Oil Today

Lehr, Ulrike; Lutz, Christian; Wiebe, Kirsten - 2011

forecast using econometric methods. GINFORS then endogenously determines world-wide energy demand and energy prices.The results …

Persistent link: https://www.econbiz.de/10010334450

The Shadow Banking System - Survey and Typological Framework

Poschmann, Jenny - 2012

Even though the sector of Non-bank financial intermediaries (NBFI) or shadow banks represent a large part of the contemporary financial system, these institutions received almost no attention in macroeconomic studies so far. Their presence has significant influence on the conduct of monetary...

Persistent link: https://www.econbiz.de/10010334475

Monetary Policy Reform in a World of Central Banks

Schnabl, Gunther - 2012

monetary policy reform in a world dominated by financial markets has led to the erosion of the allocation and signaling … world economy. The backlash of high government debt levels on monetary policy making is argued to have led to a hysteresis … displacement of the prevalent world monetary system. Enhanced competition between dollar and euro as international currencies …

Persistent link: https://www.econbiz.de/10010334476

Determinants of Global and Intra-European Imbalances

Schnabl, Gunther; Freitag, Stephan - 2012

The paper discusses global current account imbalances in the context of an asymmetric world monetary system and … against the euro or members of the euro area (euro periphery). The paper finds that changes of world current account positions …

Persistent link: https://www.econbiz.de/10010334477

Währungskrieg: Schlagwort oder reale Bedrohung?

Klein, Martin; Teng, Faxin - 2011

Droht der Welt als Folge der Finanzkrise ein Währungskrieg? Wird die Welt nach mehr als 50 Jahren der Kooperation …

Persistent link: https://www.econbiz.de/10010334484