Bücher der Reihe ZEW Economic Studies

In this book the relation between the characteristics of investors' preferences and expectations and equilibrium asset price processes are analysed.

Using a data set of German corporations this book examines three topics in corporate governance: the frequency, causes, and consequences of control transfers; the determinants of acquisition and failure; and the role of corporate governance and market discipline for productivity growth.

There is now a certain tradition of Anglo-German comparative research on new technology-based firms (NTBFs). Two of the most influential studies in this area have both been sponsored by the Anglo-German Foundation for the Study of In dustrial Society (AGF).

A synthesis of two international policy initiatives: climate protection agreements and global trade liberalisation agreements. The text provides guidelines on efficient strategies for climate change mitigation.

It is dealt with disparities in employment growth, unemployment, and wages between regional labor markets in Germany. The book enables to assess our current understanding of the role of locational issues in causing those disparities, and thus to understand the basic justification of regional policy.

Sustainable development, climate policy, biodiversity conservation - all these represent flash points at the intersection of environmental science, economics, and public policy.

ZhongXiang Zhang (East-West Center, Honolulu) uses a global model based on marginal abatement cost curves for 12 world regions to estimate the contributions of the three flexibility mechanisms under the Kyoto Protocol, i.

Empirical and theoretical evidence on the German service sector is inversely related to its growing overall importance for the entire economy.

Proceedings of an International Conference held at Stuttgart, Germany, July 27-28, 1999

Innovation-oriented environmental regulation is extremely attractive for policy planners and decision makers, since it is expected that innovations can cut costs of environmental measures and overcome existing trade-offs between economic and ecological goals.

subsequent adoption of an innovation design preferred in the lead market by other countries, can be put down to the special market context in the lead market.

Gaining insights into the German innovation system and the institutional framework is as important to policy making as is data on the endowment of the German economy with factors fostering innovation and their recent development.

As the Kyoto conference of the parties on the United Nations Framework Convention on Climate Change once again underscored, man-made climate change has become one of the major challenges to our generation and many generations to come.

Over the past fifteen years, the optimal enforcement of EU competition law has become a major concern. This book contains a unique collection of articles by lawyers and economists on current issues in the public and private enforcement of competition law. Public enforcement has been strengthened in numerous ways ¿ for example, through the introduction of a leniency programme and a substantial increase in fines for competition law violations. At the same time the EU Commission has been promoting private enforcement ¿ for example, by developing a legal framework that grants victims of EU antitrust law infringements access to compensation.The contributions in this book address a range of topics in the area of competition law enforcement, including the role of fines and leniency programmes in public enforcement; access to evidence and the quantification of damages in private enforcement; and the interaction between public and private enforcement of competition law in Europe.

As the residential buildings sector accounts for around 30 percent of the final energy demand in Germany, this sector is increasingly becoming the focus of public attention with regard to climate change.