Summary In the aftermath of Germany’s reunification, redesigning their product range was a major challenge for East-German enterprises. At the same time, there were growing signs that Western enterprises reacted to globalization and European integration by increasingly pursuing strategies of...

Since Eastern Germany's conversion to a market economy wages have remained considerably below the West German wage level. This article looks at the role of establishment-specific factors—such as sectoral affiliation and size of the labour force—in this process. A non-parametric decomposition...

In the afermath of Germany's reunification, redesigning their product range was a major challenge for East-German enterprises. At the same time, there were growing signs that Western enterprises reacted to globalization and European integration by increasingly pursuing strategies of...

After 20 years of transition, productivity in Eastern Germany is still considerably below the Western level. We study the development of the East-West productivity gap at the firm level and link it to firms' product policy. Redesigning their product range was a major challenge for Eastern...

Geppert K., Gornig M. and Werwatz A. (2008) Economic growth of agglomerations and geographic concentration of industries: evidence for West Germany, Regional Studies. During the two decades between 1980 and 2000, there was no clear overall trend of economic convergence or divergence among West...

G<sc>eppert</sc> K., G<sc>ornig</sc> M. and W<sc>erwatz</sc> A. (2008) Economic growth of agglomerations and geographic concentration of industries: evidence for West Germany, <italic>Regional Studies</italic>. During the two decades between 1980 and 2000, there was no clear overall trend of economic convergence or divergence among West...

Single-family houses are typically the most important component in their owners’ portfolios. Buying a home is a major financial transaction for most households. Yet, unlike assets traded in financial markets, getting a quote for the current market value of a house is not an easy task because...

Market value predictions for residential properties are important for investment decisions and the risk management of households, banks and real estate developers. The increased access to market data has spurred the development and application of Automated Valuation Models (AVMs), which can...

In a world with complete markets, the decision whether to rent or buy a home is not influenced by risks related to human capital. If markets are incomplete and have frictions, however, this may change. Renting should become more likely the more mobile a household has to be and the more income...