Following the critique of Pinkse & Slade (2010) and Gibbons & Overman (2012), we develop an instrument for the estimation of local price effects of cell phone base stations (CPBS) in an urban area. The instrument is derived from the spatial structure of the network and technical and regulatory...

The present paper analyses the effect of the distance to the nearest CPBS on listing prices of flats in the city of Nuremberg, and is related to a similar study of Brandt and Maennig (2012) in case of the city of Hamburg. Health effects of mobile phone radiation have been discussed vividly in...

This research project ranks German regions with help of interregional migration data instead of gross domestic product, household incomes, unemployment or quality of life estimates. Therefore we estimate regional utility differentials for German states and planning regions following the approach...

We study the distributional effects of a monetary policy-induced firm-level credit supply shock on individual wages and employment. To this end, we construct a novel dataset that links worker employment histories to firms' bank credit relationships in Germany. We document that firms in...

We study the distributional consequences of monetary policy-induced credit supply in the labor market. To this end, we construct a novel dataset that links worker employment histories to firm financials and banking relationships in Germany. Firms in relationships with banks that are more exposed...

This paper examines capitalization effects of fiscal variables such as taxes and public expenditure into land prices in Bavaria. Based on panel data analyses on municipality level we discuss the potential existence of capitalization as well as the changes over time possibly related to supply...

I study the information value of energy efficiency certificates. By using data on repeatedly observed buildings, I separate the rent premium for certified energy efficiency from the premium for readily observable energy efficiency. The buildings were observed before, in-between and after two...