A sectorally disaggregated CGE model is a powerful tool for economic policy simulation. Using the sectoral data, that are encompassing 71 sectors/commodities taken from the most recent input-output table refering to 2007, we were able to construct a detailed general equilibrium model for Germany...

I estimate the impact of new housing supply on the local rent distribution, exploiting weather shocks during the construction phase as an instrument. New supply decreases rents at all quality levels. Building on a quantitative dynamic model of housing quality and tenure choice, I explain this...

I estimate the impact of market-rate new housing supply on the local rent distribution. As an exogenous shifter of new housing supply, I exploit local weather shocks during the construction phase that lead to temporary delays in housing completions at the municipal level. Adding one new housing...

I estimate the impact of new housing supply on the local rent distribution, exploiting delays in housing completions caused by weather shocks during the construction phase. Increasing the flow of new supply by 1 percent lowers average rents by 0.2 percent, and increases disproportionately the...

The present paper analyses the effect of the distance to the nearest CPBS on listing prices of flats in the city of Nuremberg, and is related to a similar study of Brandt and Maennig (2012) in case of the city of Hamburg. Health effects of mobile phone radiation have been discussed vividly in...

We study the fiscal reaction of German municipalities to a revenue shock that stems from the adjustment of population counts in the 1987 and 2011 censuses. We focus on the choice of instruments municipalities use in order to offset the shock, namely municipal taxes, debt, and spending. Simple...

This paper studies market segmentation that arises from the introduction of a price ceiling in the market for rental housing. When part of the market faces rent control, theory predicts an increase of free-market rents, a consequence of misallocation of households to housing units. We study a...

I study the information value of energy efficiency certificates. By using data on repeatedly observed buildings, I separate the rent premium for certified energy efficiency from the premium for readily observable energy efficiency. The buildings were observed before, in-between and after two...