In diesem Beitrag untersuchen wir das Standortwahlverhalten der Gründer von Biotech-Unternehmen in Deutschland. Hierzu verwenden wir Individualdaten aus dem ZEW Unternehmenspanel und aggregieren diese auf Ebene der 97 Raumordnungsregionen. Die deskriptiven Befunde geben Hinweise auf eine hohe...

How do the rewards for a victory influence the soccer teams' offensiveness? The authors argue that a “home bias†induces the home team to play excessively offensively, in the sense that the home team does not maximize the tangible returns from a match. When the rewards for a victory...

This paper develops a Bayesian spike and slab model for zero-inflated count models which are commonly used in health economics. We account for model uncertainty and allow for model averaging in situations with many potential regressors. The proposed techniques are applied to a German data set...

We analyze the effect of banking crises on terrorist activity for 146 countries between 1972 and 2006. We show that banking crises lead to a subsequent increase in terrorism. This effect is only relevant in less developed economies.

Existing studies on the economic impact of wildfire smoke have focused on single fire events or entire seasons without considering the marginal effect of daily fire progression on downwind communities. Neither approach allows for an examination of the impact of even the most basic fire...

Increasing crime rates invariably result in calls for more police protection which requires the allocation of additional scarce resources to policing and public order. In an environment of fiscal pressures, the effectiveness of such public spending in deterring crime emerges as an important...