Using data from three sources (a laboratory experiment, a field study, and a large US supermarket chain), we document a surprising asymmetric behavior of 9-ending prices: they are more rigid upward, but not downward, in comparison to non 9-ending prices. The data from the lab experiment and the...

The paper focuses on three main objectives. First, it assesses the progress of structural reforms implemented in six Western Balkan transition economies, i.e. Albania, Bosnia and Herzegovina, Kosovo, FYR Macedonia, Montenegro and Serbia. Second, it outlines the major economic and institutional...

The members of the International Network for the Analysis of Intergenerational Relations (Generationes) proudly present the most recent issue of the jointly produced compendium "Generations, Intergenerational Relations and Generational Policy". This new version includes seven languages (English,...

Angesichts des globalen Wettlaufs um Afrikas Ressourcen ist die EU darauf aus, Wirtschaftliche Partnerschaftsabkommen (EPAs) mit afrikanischen Staaten bis Oktober 2014 abzuschließen. Diese EPAs sind sollen nicht nur der Liberalisierung des Handels dienen, sondern auch die Wirtschaftsentwicklung...

I examine the effects of increasing amounts of fluctuating renewable energy on residual load, which is defined as the difference between actual power demand and the feed-in of non-dispatchable and inflexible generators. I draw on policy-relevant scenarios for Germany and make use of extensive...

Die geringe Integration der Versorgungsketten in der Baubranche bildet die Grundlage für eine Vielzahl von Herausforderungen. Die mangelhafte Kommunikation zwischen den zahlreichen Schnittstellen auf der Baustelle hat einen umfangreichen und ineffizienten Informationsfluss zur Folge. Demnach...

Finanzmarktdaten wie Zinsen, Aktien- oder Wechselkurse und andere spekulative Preise setzen sich durch verschiedene Besonderheiten von sonstigen ökonomischen Zeitreihendaten ab. Dieser Artikel untersucht die Konsequenzen dieser Besonderheiten für die rationale Bewertung von Finanzinstrumenten...

Using panel data for 2,329 Belgian firms observed between 1985 and 1999, this paper aims at getting a better understanding of Belgian firms' investment behavior. Two main and interrelated topics are investigated: the link between financial structure and investment decision, on the one hand, the...

As a result of the Asian financial crisis of 1997, the issue of corporate governance has attracted the attention of researchers as well as policy authorities. Much of the literature on the Asian crisis focuses specifically on the exploitation of minority shareholders by core members of...

In the last decades the number of refugees from conflict regions in Africa increased dramatically. West Africa is the cradle of migration from Sub-Saharan Africa to Europe, were most African migrants with overseas destinations live. The European Union shares dual responsibility for the...