We compare the estimator for discount rates according to Elsner and Krumholz (EK) (2013) to the approach propagated in Breuer et al. (2014) (BFM). While the EK estimator is derived analytically and implies a correcting factor by which the original arithmetic mean estimator is adjusted, the BFM...

At a time of deepening divisions between China and Global North countries, Germany and China are swimming against the tide by cooperating closely in the highly sensitive area of technical standardization. We offer an explanation of this puzzling partnership that combines insights from the IR...