Discussion Papers of DIW Berlin

From DIW Berlin, German Institute for Economic Research
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1512: Regulation and Investment Incentives in Electricity Distribution: An Empirical Assessment

Astrid Cullmann and Maria Nieswand

1511: Drei Fußnoten der Wirtschaftswissenschaften zur deutschen Einheit - und eine Fußnote zur wissenschaftlichen Politikberatung

Gert Wagner

1510: From Financial to Real Economic Crisis: Evidence from Individual Firm-Bank Relationships in Germany

Nadja Dwenger, Frank Fossen and Martin Simmler

1509: The Pros and Cons of Sick Pay Schemes: Testing for Contagious Presenteeism and Shirking Behavior

Stefan Pichler and Nicolas Ziebarth

1508: Macro News and Commodity Returns

Guglielmo Maria Caporale, Fabio Spagnolo and Nicola Spagnolo

1507: When Low Market Values Are No Bad News: On the Coordination of Renewable Support and Real-Time Pricing

Michael Pahle, Wolf-Peter Schill, Christian Gambardella and Oliver Tietjen

1506: Non-economic Damages in Medical Malpractice Appeals: Does the Jurisdiction Make a Difference?

Sofia Amaral-Garcia

1505: Linkages between the US and European Stock Markets: A Fractional Cointegration Approach

Guglielmo Maria Caporale, Luis Gil-Alana and C. James Orlando

1504: Childhood Roots of Financial Literacy

Antonia Grohmann, Roy Kouwenberg and Lukas Menkhoff

1503: Regression Discontinuity Designs Based on Population Thresholds: Pitfalls and Solutions

Andrew C. Eggers, Ronny Freier, Veronica Grembi and Tommaso Nannicini

1502: The Top Tail of the Wealth Distribution in Germany, France, Spain, and Greece

Stefan Bach, Andreas Thiemann and Aline Zucco

1501: The Power of Opinion: More Evidence of a GIPS-Markup in Sovereign Ratings During the Euro Crisis

Steffen Nauhaus

1500: Long-Term Care Reform and the Labor Supply of Household Members: Evidence from a Quasi-Experiment

Johannes Geyer and Thorben Korfhage

1499: Pension Wealth and Maternal Employment: Evidence from a Reform of the German Child Care Pension Benefit

Andreas Thiemann

1498: Local Consequences of Global Uncertainty: Capacity Development and LNG Trade under Shale Gas and Demand Uncertainty and Disruption Risk

Rudolf Egging-Bratseth and Franziska Holz

1497: Firm's Evaluation of Location Quality: Evidence from East Germany

Alexander Eickelpasch, Georg Hirte and Andreas Stephan

1496: The Real-Time Predictive Content of Asset Price Bubbles for Macro Forecasts

Benjamin Beckers

1495: A Coordinated Strategic Reserve to Safeguard the European Energy Transition

Karsten Neuhoff, Jochen Diekmann, Friedrich Kunz, Sophia Rüster, Wolf-Peter Schill and Sebastian Schwenen

1494: Flexible Short-Term Power Trading: Gathering Experience in EU Countries

Karsten Neuhoff, Carlos Batlle, Gert Brunekreeft, Christos Vasilakos Konstantinidis, Christian Nabe, Giorgia Oggioni, Pablo Rodilla, Sebastian Schwenen, Tomasz Siewierski and Goran Strbac

1493: Compliance with Endogenous Audit Probabilities

Kai Konrad, Tim Lohse and Salmai Qari

1492: A Welfare Analysis of the Electricity Transmission Regulatory Regime in Germany

Claudia Kemfert, Friedrich Kunz and Juan Rosellon

1491: David and Goliath in the Poll Booth: Group Size, Voting Power and Voter Turnout

Peter Bönisch, Benny Geys and Claus Michelsen

1490: Asymmetric Perceptions of the Economy: Media, Firms, Consumers, and Experts

Konstantin Kholodilin, Christian Kolmer, Tobias Thomas and Dirk Ulbricht

1489: Earnings Responses to Social Security Contributions

Michael Neumann

1488: The Ruble between the Hammer and the Anvil: Oil Prices and Economic Sanctions

Christian Dreger, Jarko Fidrmuc, Konstantin Kholodilin and Dirk Ulbricht

1487: Learning from Unrealized versus Realized Prices

Kathleen Ngangoué and Georg Weizsäcker

1486: The Relationship between Healthcare Expenditure and Disposable Personal Income in the US States: A Fractional Integration and Cointegration Analysis

Guglielmo Maria Caporale, Juncal Cuñado, Luis Gil-Alana and Rangan Gupta

1485: The Impact of Wind Power Support Schemes on Technology Choices

Nils May

1484: Are Ethical and Social Banks Less Risky? Evidence from a New Dataset

Marlene Karl

1483: Modelling a Market Stability Reserve in Carbon Markets

Anne Schopp, William Acworth, Daniel Huppmann and Karsten Neuhoff

1482: European-Wide Inequality in Times of the Financial Crisis

Timm Bönke and Carsten Schröder

1481: How Has the Global Financial Crisis Affected Syndicated Loan Terms in Emerging Markets? Evidence from China

Guglielmo Maria Caporale, Suman Lodh and Monomita Nandy

1480: Determinants of Chinese Direct Investments in the European Union

Christian Dreger, Yun Schüler-Zhou and Margot Schüller

1479: Euro Area Government Bonds: Integration and Fragmentation during the Sovereign Debt Crisis

Michael Ehrmann and Marcel Fratzscher

1478: Internationale Verflechtung der Finanzmärkte: ein Versuch zur Quantifizierung des Dominoeffekts in Anlehnung an die Input-Output-Analyse

Dieter Schumacher

1477: War, Housing Rents, and Free Market: A Case of Berlin's Rental Housing Market during the World War I

Konstantin Kholodilin

1476: An Economic Assessment of Soil Carbon Sequestration with Biochar in Germany

Isabel Teichmann

1475: An Exact Solution Method for Binary Equilibrium Problems with Compensation and the Power Market Uplift Problem

Daniel Huppmann and Sauleh Siddiqui

1474: About Attitudes and Perceptions: Finding the Proper Way to Consider Latent Variables in Discrete Choice Models

Francisco J. Bahamonde-Birke, Uwe Kunert, Heike Link and Juan de Dios Ortúzar

1473: Work Creation and Rearmament in Germany 1933-1938: A Revisionist Assessment of NS-Economic Policy Based on Input-Output Analysis

Rainer Fremdling and Reiner Stäglin

1472: The Potential of Electromobility in Austria: An Analysis Based on Hybrid Choice Models

Francisco J. Bahamonde-Birke and Tibor Hanappi

1471: Market Power Rents and Climate Change Mitigation: A Rationale for Coal Taxes?

Philipp Richter, Roman Mendelevitch and Frank Jotzo

1470: A Profit-Maximizing Approach for Transmission Expansion Planning Using a Revenue-Cap Incentive Mechanism

Mohammad Reza Hesamzadeh, Juan Rosellon and Steven A. Gabriel

1469: Distributional and Behavioral Effects of the Gender Wage Gap

Patricia Gallego-Granados and Johannes Geyer

1468: Optimal Social Assistance and Unemployment Insurance in a Life-Cycle Model of Family Labor Supply and Savings

Peter Haan and Victoria Prowse

1467: Finding Your Right (or Left) Partner to Merge

Benjamin Bruns, Ronny Freier and Abel Schumann

1466: Spillovers between Food and Energy Prices and Structural Breaks

Alanoud Al-Maadid, Guglielmo Maria Caporale, Fabio Spagnolo and Nicola Spagnolo

1465: Correcting for Self-Selection Based Endogeneity in Management Research: A Review and Empirical Demonstration

Joseph Clougherty and Tomaso Duso

1464: Structural Vector Autoregressions with Heteroskedasticity: A Comparison of Different Volatility Models

Helmut Lütkepohl and Aleksei Netšunajev

1463: The Partisan Effects of Voter Turnout: How Conservatives Profit from Rainy Election Days

Felix Arnold and Ronny Freier

1462: Turnout and Closeness: Evidence from 60 Years of Bavarian Mayoral Elections

Felix Arnold

1461: The Impact of South-South Trade Agreements on FDI

Mondher Cherif and Christian Dreger

1460: What Clients Want: Choices between Lawyers' Offerings

Flóra Felsö, Sander Onderstal and Jo Seldeslachts

1459: Loan Loss Provision: Some Empirical Evidence for Italian Banks

Guglielmo Maria Caporale, Matteo Alessi, Stefano Di Colli and Juan Sergio Lopez

1458: The Weekend Effect: An Exploitable Anomaly in the Ukrainian Stock Market?

Guglielmo Maria Caporale, Luis Gil-Alana and Alex Plastun

1457: A Greenfield Model to Evaluate Long-Run Power Storage Requirements for High Shares of Renewables

Alexander Zerrahn and Wolf-Peter Schill

1456: Power Market Design beyond 2020: Time to Revisit Key Elements?

Karsten Neuhoff, Sophia Rüster and Sebastian Schwenen

1455: Testing for Identification in SVAR-GARCH Models: Reconsidering the Impact of Monetary Shocks on Exchange Rates

Helmut Lütkepohl and George Milunovich

1454: A Reputation Economy: Results from an Empirical Survey on Academic Data Sharing

Benedikt Fecher, Sascha Friesike, Marcel Hebing, Stephanie Linek and Armin Sauermann

1453: Trade Flows and Trade Specialisation: The Case of China

Guglielmo Maria Caporale, Anamaria Sova and Robert Sova

1452: Renewable Energy Support in Germany: Surcharge Development and the Impact of a Decentralized Capacity Mechanism

Thure Traber and Claudia Kemfert

1451: Two Price Zones for the German Electricity Market: Market Implications and Distributional Effects

Jonas Egerer, Jens Weibezahn and Hauke Hermann

1450: Moving up a Gear: The Impact of Compressing Instructional Time into Fewer Years of Schooling

Mathias Huebener and Jan Marcus

1449: Zu wenig Einfluss des ökonomischen Sachverstands? Empirische Befunde zum Einfluss von Ökonomen und anderen Wissenschaftlern auf die Wirtschaftspolitik

Justus Haucap, Tobias Thomas and Gert Wagner

1448: Monetary Policy, Bank Bailouts and the Sovereign-Bank Risk Nexus in the Euro Area

Marcel Fratzscher and Malte Rieth

1447: Why Did Self-Employment Increase so Strongly in Germany?

Michael Fritsch, Alexander Kritikos and Alina Sorgner

1446: Public Health Insurance and Entry into Self-Employment

Frank Fossen and Johannes König

1445: Pass/Fail, A-F, or 0-100? - Optimal Grading of Eager Students

Lilo Wagner

1444: Long-Term Price Overreactions: Are Markets Inefficient?

Guglielmo Maria Caporale, Luis Gil-Alana and Alex Plastun

1443: Reducing Binge Drinking? The Effect of a Ban on Late-Night Off-Premise Alcohol Sales on Alcohol-Related Hospital Stays in Germany

Jan Marcus and Thomas Siedler

1442: Power System Impacts of Electric Vehicles in Germany: Charging with Coal or Renewables?

Wolf-Peter Schill and Clemens Gerbaulet

1441: Financing LNG Projects and the Role of Long-Term Sales-and-Purchase Agreements

Sophia Rüster

1440: Collusive Effects of a Monopolist's Use of an Intermediary to Deliver to Retailers

Isabel Teichmann and Vanessa von Schlippenbach

1439: Would I Care if I Knew?: Image Concerns and Social Confirmation in Giving

Alexander Kritikos and Jonathan Tan

1438: Early Birds in Day Care: The Social Gradient in Starting Day Care and Children's Non-cognitive Skills

Frauke Peter, Pia Schober and Katharina Spiess

1437: Trade Policy Uncertainty and the WTO

Valeria Groppo and Roberta Piermartini

1436: Sovereign Risk, Interbank Freezes, and Aggregate Fluctuations

Philipp Engler and Christoph Grosse Steffen

1435: Voting for Direct Democracy: Evidence from a Unique Popular Initiative in Bavaria

Felix Arnold, Ronny Freier, Magdalena Pallauf and David Stadelmann

1434: Increasing Block Tariffs in the Water Sector: An Interpretation in Terms of Social Preferences

Georg Meran and Christian von Hirschhausen

1433: Low-Skilled Labor Migration in Tajikistan: Determinants and Effects on Expenditure Patterns

Kristina Meier

1432: Career Prospects and Effort Incentives: Evidence from Professional Soccer

Jeanine Miklós-Thal and Hannes Ullrich

1431: The Earnings Returns to Graduating with Honors: Evidence from Law Graduates

Ronny Freier, Mathias Schumann and Thomas Siedler

1430: Defaults and Donations: Evidence from a Field Experiment

Steffen Altmann, Armin Falk, Paul Heidhues and Rajshri Jayaraman

1429: Overlapping Political Budget Cycles in the Legislative and the Executive

Dirk Foremny, Ronny Freier, Marc-Daniel Moessinger and Mustafa Yeter

1428: How Does Fuel Taxation Impact New Car Purchases?: An Evaluation Using French Consumer-Level Data

Pauline Givord, Celine Grislain-Letremy and Helene Naegele

1427: Comparing Wealth: Data Quality of the HFCS

Anita Tiefensee and Markus Grabka

1426: Technical Efficiency and CO2 Reduction Potentials: An Analysis of the German Electricity Generating Sector

Stefan Seifert, Astrid Cullmann and Christian von Hirschhausen

1425: Do Entrepreneurs Really Earn Less?

Alina Sorgner, Michael Fritsch and Alexander Kritikos

1424: The Tax-Rate Elasticity of Local Business Profits

Frank Fossen and Viktor Steiner

1423: Short-Term Price Overreaction: Identification, Testing, Exploitation

Guglielmo Maria Caporale, Luis Gil-Alana and Alex Plastun

1422: Institutional Determinants of Financial Development in MENA Countries

Mondher Cherif and Christian Dreger

1421: Long-Term Care Insurance and Carers' Labor Supply: A Structural Model

Johannes Geyer and Thorben Korfhage

1420: The Impact of Displacement on Child Health: Evidence from Colombia's DHS 2010

Nina Wald

1419: A Note on Regressions with Interval Data on a Regressor

Daniel Cerquera, Francois Laisney and Hannes Ullrich

1418: FTR Allocations to Ease Transition to Nodal Pricing: An Application to the German Power System

Friedrich Kunz, Karsten Neuhoff and Juan Rosellon

1417: Speculative Price Bubbles in Urban Housing Markets in Germany

Konstantin Kholodilin, Claus Michelsen and Dirk Ulbricht

1416: The Relevance of International Spillovers and Asymmetric Effects in the Taylor Rule

Joscha Beckmann, Ansgar Belke and Christian Dreger

1415: Liberalization of the Interurban Coach Market in Germany: Do Attitudes and Perceptions Drive the Choice between Rail and Coach?

Francisco J. Bahamonde-Birke, Uwe Kunert, Heike Link and Juan de Dios Ortúzar

1414: Filtering German Economic Conditions from a Large Dataset: The New DIW Economic Barometer

Paul Viefers, Ferdinand Fichtner, Simon Junker and Maximilian Podstawski

1413: Macro News and Bond Yield Spreads in the Euro Area

Guglielmo Maria Caporale, Fabio Spagnolo and Nicola Spagnolo